509 Monastery Pl
Union City, NJ 07087
8
Bed
5
Bath
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 f
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Full Baths: 5Room Information
Has Basement: Yes Basement: Finished -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas
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Building Information
Construction Materials: Aluminum Siding, Brick Private Pool: No
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Listing Price Information
Listing Price: $899000
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Tax Information
Tax Lot: 9 Tax Year: 2025 Annual Tax: $20000
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 227 46th St, Union City, NJ, 07087 | $675,000 | 5 | 3 | -- | |
| 149 37th St, Union City, NJ, 07087 | $898,000 | 5 | 4 | -- | |
| 3608 Palisade Ave, Union City, NJ, 07087 | $799,000 | 7 | 3 | -- | |
| 1807 Manhattan Ave, Union City, NJ, 07087 | $700,000 | 4 | 2 | -- | |
| 1802 Palisade Ave, Union City, NJ, 07087 | $750,000 | 4 | 2 | -- | |
| 201 16th St, Union City, NJ, 07087 | $1,188,000 | -- | -- | -- | |
| 1800 Palisade Ave, Union City, NJ, 07087 | $750,000 | 2 | 2.5 | -- | |
| 1709 Palisade Ave, Union City, NJ, 07087 | $875,000 | 6 | 3 | -- | |
| 414 24th St, Union City, NJ, 07087 | $1,200,000 | 6 | 2 | -- | |
| 1909 New York Ave, Union City, NJ, 07087 | $1,149,000 | 9 | 3 | -- |
Similar Multifamily To 509 Monastery Pl
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ByOwner last updated this listing 06/08/2026 @ 17:37
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