715 22Nd St Union City, NJ 07087
Eight-unit multifamily property in a desirable Union City location.
Property size:
3,158 SFProperty Features for 715 22Nd St
General Information
- Size
- 3,158 SF
Source:
Lee-associates
Listing Agent: Eduardo Lopez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Union City Multifamily Investment Property
This 8-unit multifamily property is located in Union City and offers a mix of one, two, and three-bedroom units. The property is efficiently operated with well-managed expenses covering insurance, taxes, utilities, and professional management fees. The Union City and Hudson County multifamily submarkets primarily serve middle-class families and young professionals seeking affordable living with access to New York City. These areas are densely populated and offer competitive rents within the New York metro area. Much of the rental inventory is near major transportation routes such as the NJ Turnpike, Route 3, and the Lincoln Tunnel, making it suitable for commuters working in Manhattan and nearby employment hubs. Historically, demand in Union City and Hudson County has exceeded supply, with limited new development maintaining low vacancy rates and high occupancy. Vacancy rates remain tight at 2.9%, indicating a continued supply shortage. Rents have grown by 5.1% over the past year, driving investment interest in the market. Over the past 12 months, $320 million worth of multifamily properties have been traded. The property size is 3158 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0363681
- Latitude
- 40.7674934
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in a desirable Union City location.
Where is this apartment building located?
The property is located at 715 22Nd St Union City, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: - Prime location in Union City/Hudson County with unparalleled access to New York City.; - Strong income potential with efficient expense management.; - Attractive mix of 1, 2, and 3-bedroom units.