Six-Unit Apartment
For Sale
Contact for pricing
Pending
2803-2805 Palisade Ave, Union City, NJ 07087
Six-unit multifamily property with one 1BR, three 2BR, and two 3BR apartments.
Days on Market110
Property Features for 2803-2805 Palisade Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
6
Listing Agency:
KW Commercial
Listed By:
Bruce Elia · License #NJ 0893523
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 28 at 7:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
Investment Insights
Based on property information with market context.
This offering presents a six-unit apartment building at 2803-2805 Palisade Ave in Union City, NJ. The unit mix consists of one 1-bedroom apartment, three 2-bedroom apartments, and two 3-bedroom apartments, providing a diversified residential configuration within a single property.
The seller’s remarks describe an investment approach focused on rental income optimization, noting the opportunity to maximize returns through “undervalued rental rates.” The offering also states a historical record of stable rental income and references annual increases of 3% per unit as outlined in the presentation.
As described, the property is positioned for steady income growth through the diversified bedroom mix. For prospective buyers, it is framed as a fit for both new investors seeking an entry multi-family asset and experienced investors looking to add stable rental units to a portfolio.
The seller’s remarks describe an investment approach focused on rental income optimization, noting the opportunity to maximize returns through “undervalued rental rates.” The offering also states a historical record of stable rental income and references annual increases of 3% per unit as outlined in the presentation.
As described, the property is positioned for steady income growth through the diversified bedroom mix. For prospective buyers, it is framed as a fit for both new investors seeking an entry multi-family asset and experienced investors looking to add stable rental units to a portfolio.
Key Highlights
- 6‑unit multifamily property with 1 one‑bedroom, 3 two‑bedroom, and 2 three‑bedroom apartments
- Current rent income structure supports 3% annual increases per unit
- Mix of 1BR/2BR/3BR units provides tenant variety across different household needs
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,965
Businesses Nearby
Explore this area
Business Placement
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with one 1BR, three 2BR, and two 3BR apartments.
Where is this apartment building located?
The property is located at 2803-2805 Palisade Ave Union City, NJ.
What are key features of this property?
This property features: 6‑unit multifamily property with 1 one‑bedroom, 3 two‑bedroom, and 2 three‑bedroom apartments; Current rent income structure supports 3% annual increases per unit; Mix of 1BR/2BR/3BR units provides tenant variety across different household needs
