Six-Unit Apartment
2803-2805 Palisade Ave Union City, NJ 07087
For Sale
Contact for pricing
Pending
Six-unit multifamily property with one 1BR, three 2BR, and two 3BR apartments.
Days on Market105
Property Features for 2803-2805 Palisade Ave
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
KW Commercial
Listed By:
Bruce Elia · License #NJ 0893523
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 25 at 2:08AM
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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
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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
