Updated Income-Producing
New
For Sale
$849,000
414 MONASTERY PL, Union City, NJ 07087
3-4 Family, Union City, NJ
Property SizeContact for details
Days on Market3
Property Features for 414 MONASTERY PL
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 7, Bathroom 2, Basement, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1
Directions
Bergenline Avenue and New York Avenue
Subdivision
Union City
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11095
Listing Agency:
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
(201) 795-5200
Listed By:
TAREK HASSIEB · License #1648869
(201) 420-7393
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 12 at 5:06AM
MLS# 260018087
Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 414 Monastery Place in Union City, this recently updated triplex includes three residential units with a combined layout of 8 bedrooms and 3 full bathrooms. The property is fully occupied and produces rental income across all three units, with a projected 8.1% cap rate based on the triplex alone.
The property may also be considered alongside two separately offered parcels: a single-family home at 414 Monastery Place Rear and an adjacent vacant parcel at 408-12 Monastery Place Rear. Together, the three parcels comprise approximately 8,050 SF of land, with any broader assemblage or development plans subject to zoning and municipal approvals.
The property may also be considered alongside two separately offered parcels: a single-family home at 414 Monastery Place Rear and an adjacent vacant parcel at 408-12 Monastery Place Rear. Together, the three parcels comprise approximately 8,050 SF of land, with any broader assemblage or development plans subject to zoning and municipal approvals.
Key Highlights
- Three‑family multifamily property at 414 Monastery Place
- 8 bedrooms and 3 full bathrooms across three residential units
- Fully occupied with rental income from all three units
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,353
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully occupied residential units provide an established multifamily configuration with recent updates.
Where is this triplex located?
The property is located at 414 MONASTERY PL Union City, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three‑family multifamily property at 414 Monastery Place; 8 bedrooms and 3 full bathrooms across three residential units; Fully occupied with rental income from all three units
