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    702 17Th St Union City, NJ 07087

    For Sale
    $1,599,000

    Investment - Union City, NJ

    Days on Market:
    91
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 702 17Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Architectural style
    Other

    COLDWELL BANKER RESIDENTIAL BROKERAGE (201) 798-3300 [email protected]

    Listing agent RALPH SCHELL (201) 798-3300 License #2185528

    Listing date Sep 8, 2025

    MLS# 250018367 Listing URL

    Copyright © 2025 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Union City Multifamily Investment Opportunity

    This meticulously maintained, legal 8-family freestanding brick building is located in the heart of Union City, on Central Avenue. Situated on a 27 x 84 lot with full lot coverage, the property features a brick and concrete façade. The building comprises three 3-bedroom apartments and five 1-bedroom apartments, all with separate heat and electric, and individual meters. The property benefits from stable, long-term tenancy with minimal occupants per unit. A double garage offers value-add potential through separate leasing for additional income. The current cap rate is 6.5%, with further upside available. This property offers excellent cash flow, low expenses, and a prime location in one of Union City’s sought-after rental markets, making it an ideal investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.03816
    Latitude
    40.764054

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    FAQs

    What type of property is this?
    Apartment building - Meticulously maintained 8-unit building in prime Union City location.
    Where is this apartment building located?
    The property is located at 702 17Th St Union City, NJ.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: - Legal 8-family freestanding brick building in a prime Central Avenue location in Union City.; - True 6.5% cap rate with further upside potential.; - Stable, long-term tenancy due to minimal occupants per unit.
    (201) 798-3300
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    702 17Th St Union City, NJ 07087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 17Th St Union City, NJ 07087
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