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509 Monastery Pl

Union City, NJ 07087
  • $899,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 260003894
UPDATED: 74 min ago
$899,000
  • 8
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County’s most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. Income potential as is of approximately $80,000 per year and 6% cap rate with plenty of room for improvement. Additionally there is a back building and large basement complete with another full bath. Currently used as storage, these spaces have tons of potential for future customization. Bring your vision to life with this incredibly flexible investment property in an ideal location.

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© 2026 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2026-04-20T22:25:39.75.
www.bestofhobokenhomes.com/homes/173772744
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509 Monastery Pl Union City, NJ 07087

  • Price: $899,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 74 min ago
  • MLS #: 260003894
8
Beds
5
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Union City
County:
Hudson
Area:
Union City
Property Description
Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County’s most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. Income potential as is of approximately $80,000 per year and 6% cap rate with plenty of room for improvement. Additionally there is a back building and large basement complete with another full bath. Currently used as storage, these spaces have tons of potential for future customization. Bring your vision to life with this incredibly flexible investment property in an ideal location.
Exterior Features

Exterior Finish Aluminum/VinylBrick Lot Size 27X100 Parking None Style Multi-Level

Interior Features

Basement Finished Floor1 Rooms 0 Floor2 Rooms 8 Floor3 Rooms 8 Floor4 Rooms 0 Heating Cooling Gas Level1 Baths 1 Level2 Baths 2 Level2 Bedrooms 4 Level3 Baths 2 Level3 Bedrooms 4 Total Other Rooms 1

Property Features

Exclusions All personal possessions. Floor2 Rent 3942 Floor3 Rent 2678 Inclusions Appliances and light fixtures as installed Internet Yes Lead Paint Form Yes Multifamily Type 4 Family Taxes 20000

Listing provided courtesy of COLDWELL BANKER REALTY:201-212-5026.


© 2026 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2026-04-20T22:25:39.75.
 
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PRIME Real Estate Group
98 Park Avenue
Hoboken NJ, 07030