4-Unit Multifamily Property with
New
For Sale
$849,000
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
Bathroom 3, Laundry Room, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 8, Bedroom 1
Interior features
Entrance Foyer, Master Downstairs
Directions
New York & 19th
Standard status
Active
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20000
Listing Agency:
Coldwell Banker Realty
Listed By:
Jill Biggs · License #0568727
(201) 963-1400
Added: Oct 31
Last Checked: Nov 1 at 8:06PM
MLS# 12051164
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.
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Investment Insights
Based on property information with market context.
This four-family property includes a bonus studio, a vacant main-floor unit requiring renovation, and three additional units with month-to-month tenants. A separate rear building and a large basement are currently used for storage; the basement includes a full bathroom.
The property is just west of Reservoir Park and near Bergenline Avenue in Union City. The stated cap rate is 6%.
The property is just west of Reservoir Park and near Bergenline Avenue in Union City. The stated cap rate is 6%.
Key Highlights
- Four‑family property with a bonus studio
- Three units occupied by tenants on month‑to‑month leases
- Vacant main‑floor unit requires renovation
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,353
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three units have month-to-month tenants; the main-floor unit is vacant and requires renovation.
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 $849,000.
What are key features of this property?
This property features: Four‑family property with a bonus studio; Three units occupied by tenants on month‑to‑month leases; Vacant main‑floor unit requires renovation
