Union City Multifamily Investment
715 22nd Street, Union City, NJ 07087
Eight-unit multifamily property in a desirable Union City location.
Type:Multifamily
Property size:
3,158 SFPrice / SF:
$411/SF- Added:
- Nov 26, 2025
- Days on Market:
- 177
- Last Refresh:
- Dec 1 at 6:14 am
Property Features for 715 22nd Street
General Information
- Standard status
- Active
- Size
- 3,158 SF
- Property subtype
- Multifamily
Listing agent Brandon Beauchemin License #1338753
Listing office CBRE (909) 418-2213
Listing date Nov 26, 2025
Source Lee-associates
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 CBRE
HighLights
- Prime location in Union City/Hudson County with unparalleled access to New York City.
- Strong income potential with efficient expense management.
- Attractive mix of 1, 2, and 3‑bedroom units.
- Low vacancy rates (2.9%) due to high demand and limited supply.
- Rent growth of 5.1% over the past year.
- Proven investment market with $320 million in multifamily property transactions in the last 12 months.
Overview
This 8-unit multifamily property is located in Union City and offers a mix of one, two, and three-bedroom units. The property is efficiently operated with well-managed expenses covering insurance, taxes, utilities, and professional management fees. The Union City and Hudson County multifamily submarkets primarily serve middle-class families and young professionals seeking affordable living with access to New York City. These areas are densely populated and offer competitive rents within the New York metro area. Much of the rental inventory is near major transportation routes such as the NJ Turnpike, Route 3, and the Lincoln Tunnel, making it suitable for commuters working in Manhattan and nearby employment hubs. Historically, demand in Union City and Hudson County has exceeded supply, with limited new development maintaining low vacancy rates and high occupancy. Vacancy rates remain tight at 2.9%, indicating a continued supply shortage. Rents have grown by 5.1% over the past year, driving investment interest in the market. Over the past 12 months, $320 million worth of multifamily properties have been traded. The property size is 3158 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0363681
- Latitude
- 40.7674934
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in a desirable Union City location.
Where is this apartment building located?
The property is located at 715 22nd Street Union City, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location in Union City/Hudson County with unparalleled access to New York City.; Strong income potential with efficient expense management.; Attractive mix of 1, 2, and 3‑bedroom units.
