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Renovated Duplex with Finished Basement
For Sale
Contact for pricing
Pending

1508 Palisade Ave, Union City, NJ 07087

Renovated two-family property with separate laundry, stainless steel appliances, rear garage, and additional finished living space.

Property SizeContact for details
Lot Size0.07 Acres
Days on Market144

Property Features for 1508 Palisade Ave

General Information

Standard status Pending
Total Parking Spaces 5
Lot size 0.07 Acres
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units 2

Additional Details

Public Transit Yes

Amenities

in-unit laundry
security cameras
alarm system

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Liberty Reality
Listed By: Aimee Gurrea · License #NJ 1005805
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 5:48PM

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 Liberty Reality

Investment Insights

Based on property information with market context.

This detached duplex at 1508 Palisade Ave occupies a 30.63x100 lot and includes two renovated apartments. The first unit has three bedrooms and one bathroom; the second offers four bedrooms and one bathroom. Both apartments feature hardwood flooring, eat-in kitchens with stainless steel appliances, updated bathrooms, in-unit laundry, and storage. A finished basement adds three rooms and a full bathroom. Rear parking includes a garage sized for two cars, while the extended driveway accommodates three additional vehicles. Cameras and an electrical alarm system are installed throughout the property.

Both residential units are tenant-occupied, and the garage and basement are also rented. The property is located two blocks from the Bergenline Avenue shopping district and near Colin Powell Elementary School. Hoboken is accessible via a nearby viaduct, while bus service is available at the property for city transportation.

Key Highlights

  • 30.63x100 lot with a detached duplex structure
  • Two renovated units: 3 bedrooms/1 bathroom and 4 bedrooms/1 bathroom
  • Finished basement with 3 rooms and a full bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Tattoo & Piercing Shop Nursing Home (Bike/Boat/Book/etc) Store Catering Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,965
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated two-family property with separate laundry, stainless steel appliances, rear garage, and additional finished living space.
Where is this duplex located?
The property is located at 1508 Palisade Ave Union City, NJ.
What are key features of this property?
This property features: 30.63x100 lot with a detached duplex structure; Two renovated units: 3 bedrooms/1 bathroom and 4 bedrooms/1 bathroom; Finished basement with 3 rooms and a full bathroom
More about this property
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