Union City Multifamily Investment
For Sale
Contact for pricing
3301 Pleasant Avenue, Union City, NJ 07087
Portfolio of three buildings with nine units near Port Authority.
Property SizeContact for details
Days on Market141
Property Features for 3301 Pleasant Avenue
General Information
Standard status
Active
Class
C
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
RMF
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$89,378
Building Details
Year Built
1963
Buildings
3
Stories
2
Units
9
Listing Agency:
LivX
(908) 304-2675
Listed By:
Clay Mason · License #0678808
Source:
Crexi
Added: Mar 26
Changed: Aug 7
Last Checked: Aug 10 at 6:05AM
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 LivX
Investment Insights
Based on property information with market context.
Located in Union City, New Jersey, this portfolio features three low-rise brick buildings situated at the intersection of Pleasant Avenue and 33rd Street. The offering includes nine units, each with two bedrooms and one bathroom. Tenants are responsible for covering their own electric heat and gas expenses. The properties benefit from four exclusive parking spaces. The location provides convenient access to Weehawken and is approximately one minute from the Port Authority of NY and NJ. Hudson Yards, the Garment District, and Madison Square Garden are reachable within about 10 minutes via the Lincoln Tunnel. The properties have a consistent rental history and are fully rented and well-maintained. The cap rate is approximately 6.88%. Each unit is an individual condominium, allowing for separate taxation.
Key Highlights
- Portfolio of three fully‑rented buildings with nine 2‑bedroom, 1‑bath units, providing immediate and consistent cash flow.
- Prime location near the Port Authority of NY and NJ, offering a 10‑minute commute to Manhattan via the Lincoln Tunnel.
- Attractive cap rate of approximately 6.88%, indicating a strong return on investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,307
Businesses Nearby
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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 - Portfolio of three buildings with nine units near Port Authority.
Where is this apartment building located?
The property is located at 3301 Pleasant Avenue Union City, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Portfolio of three fully‑rented buildings with nine 2‑bedroom, 1‑bath units, providing immediate and consistent cash flow.; Prime location near the Port Authority of NY and NJ, offering a 10‑minute commute to Manhattan via the Lincoln Tunnel.; Attractive cap rate of approximately 6.88%, indicating a strong return on investment.
