Union City Investment
509 MONASTERY PL, Union City, NJ 07087
New
Multi-Unit (2-4) - Union City, NJ
- Added:
- May 22, 2026
- Days on Market:
- 1
- Last Refresh:
- May 22 at 9:06 pm
Property Features for 509 MONASTERY PL
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Living Room
- Parking features
- Garage
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20000
Utilities
- Heating system
- Natural Gas
Building Details
- Floors in Building
- 3
- Building materials
- Brick, Vinyl Siding
- Architectural style
- Other
Listing agent Jill Biggs (201) 212-5026
Listing office Coldwell Banker Realty 175 PARK AVE, MADISON, NJ (201) 963-1400
Listing date May 22, 2026
MLS# 11780573
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 tenant‑occupied units on month‑to‑month leases.
- Significant income potential, currently $80,000 per year with a 6% cap rate, and room for improvement.
- One vacant unit ready for renovation, suitable for owner‑occupancy or increased rental income.
- Back building and large basement with a full bath, offering potential for customization and additional space.
Overview
This four-family property with a bonus studio is located in Union City, New Jersey, just off Bergenline Avenue and west of Reservoir Park. The property is situated in a convenient location with access to New York City. One unit on the main floor is currently vacant and ready for renovation. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. 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 as storage, these spaces have potential for future customization.
Property Profile
Location Intelligence
Current Use by Public Records
JP Air Cool ...
HVAC Service
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.034843
- Latitude
- 40.764859
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-family property with bonus studio in prime location.
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 tenant‑occupied units on month‑to‑month leases.
