Quadplex with Bonus
New
For Sale
$899,000
509 Monastery Pl, Union City, NJ 07087
Residential Income, Union City, NJ
Property SizeContact for details
Days on Market2
Property Features for 509 Monastery Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 1, Laundry Room, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 4
Interior features
Entrance Foyer, Master Downstairs
Directions
New York & 19th
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20000
Listing Agency:
Coldwell Banker Realty
(201) 963-1400
Listed By:
Jill Biggs · License #0568727
(973) 495-6038
Added: Oct 14
Last Checked: Oct 15 at 11:06AM
MLS# 12027007
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.
Investment Insights
Based on property information with market context.
This Union City property is described as a four-family building with an additional studio. One main-floor unit is vacant and needs renovation; the other three units are occupied under month-to-month leases. A separate rear building is used for storage, and the basement includes a full bathroom. The property also has an entrance foyer and laundry room.
The address is 509 Monastery Pl, just west of Reservoir Park and near Bergenline Avenue. The listing notes access to New York City within minutes.
The address is 509 Monastery Pl, just west of Reservoir Park and near Bergenline Avenue. The listing notes access to New York City within minutes.
Key Highlights
- Four‑family property with an additional studio
- Three occupied units have month‑to‑month leases
- Vacant main‑floor unit needs renovation
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Paved road access
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three units are occupied on month-to-month leases, with a vacant main-floor unit offering renovation needs.
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: Four‑family property with an additional studio; Three occupied units have month‑to‑month leases; Vacant main‑floor unit needs renovation
