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Union City Multifamily Investment
For Sale
$895,000

513 CENTRAL AVE, Union City, NJ 07087

Fully rented six-family property in Union City.

Property SizeContact for details
Days on Market143

Property Features for 513 CENTRAL AVE

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $10,608
Listing Agency: CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP
Listed By: FRANCESCO MAZZAFERRO · License #0018004
Source: Corcoran
Added: Mar 24 Changed: Aug 12 Last Checked: Aug 12 at 7:17AM

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 CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP

Investment Insights

Based on property information with market context.

This fully-rented six-family property presents a prime investment opportunity in Union City. The property is situated in a thriving community, offering stable and reliable income. Its location provides urban convenience and neighborhood charm, being moments from New York City and surrounded by major retailers, diverse restaurants, and parks. Union City is known for its vibrant arts, lively community events, and a rich array of culinary experiences, enhancing tenant satisfaction and helping maintain strong occupancy.

Key Highlights

  • Fully‑rented six‑family property providing stable, reliable income.
  • Prime investment opportunity in Union City.
  • Located moments from New York City.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home (Bike/Boat/Book/etc) Store Catering Service Clothing & Fashion Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,313
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully rented six-family property in Union City.
Where is this apartment building located?
The property is located at 513 CENTRAL AVE Union City, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully‑rented six‑family property providing stable, reliable income.; Prime investment opportunity in Union City.; Located moments from New York City.
More about this property
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