Union City Multifamily Investment
For Sale
Contact for pricing
509 MONASTERY PL, Union City, NJ 07087
Four-family property with bonus studio near Bergenline Avenue.
Property Size27 SF
Price / SF$33,296
Days on Market80
Property Features for 509 MONASTERY PL
General Information
Standard status
Active
Size
27 SF
Property subtype
Mixed Use
Zoning
R
Listing Agency:
Coldwell Banker Realty
(973) 495-6038
Listed By:
Jill Biggs · License #0568727
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: May 27 at 8:22AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This four-family property, complete with a bonus studio, is located off Bergenline Avenue, west of Reservoir Park in Hudson County. The property is positioned in a location that offers convenient access to New York City, which contributes to high tenant demand in the area. One unit on the main floor is currently vacant and ready for renovation. The three additional units are occupied by tenants on month-to-month leases, providing immediate cash flow. The property has income potential as is of approximately $80,000 per year and a 6% cap rate. There is a back building and a large basement, complete with another full bath. Currently used for storage, these spaces offer potential for future customization. This property is suitable for both owner-occupiers and investors.
Key Highlights
- Prime location off Bergenline Avenue, near Reservoir Park, with quick access to NYC.
- Four‑family property with a bonus studio, offering multiple income streams.
- Immediate cash flow from three occupied units with month‑to‑month leases.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family property with bonus studio near Bergenline Avenue.
Where is this quadplex located?
The property is located at 509 MONASTERY PL Union City, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime location off Bergenline Avenue, near Reservoir Park, with quick access to NYC.; Four‑family property with a bonus studio, offering multiple income streams.; Immediate cash flow from three occupied units with month‑to‑month leases.
