8-Unit Rental Apartment
For Sale
$1,000,000
715 22nd, Union City, NJ 07087
Fully occupied 8-unit rental property generating gross income of $11,000 monthly.
Property SizeContact for details
Days on Market37
Property Features for 715 22nd
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,000
Amenities
Gas Heating
Listing Agency:
MENDEZ GRP LLC
(201) 598-9408
Listed By:
DESTINY GONZALEZ
Source:
Corcoran
Added: Jul 7
Changed: Aug 11
Last Checked: Aug 11 at 9:09AM
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 MENDEZ GRP LLC
Investment Insights
Based on property information with market context.
This fully occupied 8-unit rental apartment building is income-producing, generating stated gross income of $11,000 per month and $132,000 per year. The offering includes an indicated net operating income of $89,500.
Located in the central area of Union City, the property is described as being within a highly walkable town with access to stores and schools.
The building is presented as a residential income property for sale, with all units currently occupied.
Located in the central area of Union City, the property is described as being within a highly walkable town with access to stores and schools.
The building is presented as a residential income property for sale, with all units currently occupied.
Key Highlights
- Fully occupied 8‑unit rental property generating $11,000/month gross income
- Gross income of $132,000 per year
- Net operating income (NOI) of $89,500
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,900
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 8-unit rental property generating gross income of $11,000 monthly.
Where is this apartment building located?
The property is located at 715 22nd Union City, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fully occupied 8‑unit rental property generating $11,000/month gross income; Gross income of $132,000 per year; Net operating income (NOI) of $89,500
