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Duplex with Finished Basement
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517 Monastery Place, Union City, NJ 07087

Two residential units feature separate kitchens, flexible living areas, and access to outdoor space.

Property SizeContact for details
Days on Market4

Property Features for 517 Monastery Place

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multi Family 2-4 Units

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR
Multifamily Units 2

Additional Details

Public Transit Yes
Listing Agency: Lifestyle International Realty
Listed By: Maria Morgado
Source: Capmarkrealty
Added: Sep 22 Changed: Sep 24 Last Checked: Sep 24 at 7:57AM

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 Lifestyle International Realty

Investment Insights

Based on property information with market context.

This duplex includes two residential units and a fully finished basement with walkout access from both the front and rear of the home. The upper unit contains 3 bedrooms, 1 full bathroom, a living room, and an eat-in kitchen. The lower unit offers 2 bedrooms, a living room, and an open dining and kitchen area with direct backyard access. A private driveway provides parking for one vehicle.

Located at 517 Monastery Place in Union City, the property is near local and NYC transportation, with Manhattan approximately 25 minutes away. Shops, restaurants, and Union City amenities are also nearby. The configuration supports use as a multifamily residence or an investment property.

Key Highlights

  • Two‑unit duplex with 3‑bedroom upper unit and 2‑bedroom lower unit
  • Fully finished basement with front and rear walkout access
  • Upper unit includes 1 full bathroom and an eat‑in kitchen

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Tattoo & Piercing Shop Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Restaurant Catering Service

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

3,353
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two residential units feature separate kitchens, flexible living areas, and access to outdoor space.
Where is this duplex located?
The property is located at 517 Monastery Place Union City, NJ.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom upper unit and 2‑bedroom lower unit; Fully finished basement with front and rear walkout access; Upper unit includes 1 full bathroom and an eat‑in kitchen
More about this property
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