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913 Summit Ave

Union City, NJ 07087
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Bed 4

Bed

Bath 4.5

Bath

Exceptional value-add mixed-use investment opportunity in the heart of Union City! Ideal for a 1031 exchange or owner-occupant, this income-producing property features 4 one-bedroom residential apartments, 2 street-level commercial storefronts (approximately 700 SF each with basement storage), plus a separate rear auxiliary structure with city-approved approvals already in place for an additional residential unit. The residential apartments are primarily occupied by long-term month-to-month tenants, creating immediate upside through future rent increases. The commercial spaces are occupied by established long-term tenants (CBD store & salon) on annual leases that have consistently renewed, providing stable income while allowing for future rental adjustments. The approved rear auxiliary str ucture has already been gutted and is ready to be completed into a spacious 2-bedroom residence, with potential for a 3-bedroom layout perfect for an owner to occupy while collecting income from the remaining units, or as an additional rental generating an estimated $2,400-$2,700/month. Once completed, projected NOI is approximately $104,500/year with strong upside as rents are brought to market. Recent capital improvements include upgraded electric and gas meters. Separate gas and electric utilities, public water, public sewer, and natural gas with tenants paying their own utilities keep operating expenses low, making this an outstanding investment just minutes from New York City.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,499,999

AD Id : 89367936

MLS Id : 260015868

Beds : 4

Year Built : --

County : Hudson

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Full Baths: 4 Half Baths: 2

    Room Information

    Has Basement: Yes Basement: Full, Unfinished
  • Heating & Cooling

    Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Construction Materials: Aluminum Siding Private Pool: No

  • Listing Price Information

    Listing Price: $1499999

  • Tax Information

    Annual Tax: $14140
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ByOwner last updated this listing 08/15/2026 @ 18:53

MLS: 260015868 LISTED BY: NIREN SAKARIA, WEICHERT REALTORS 201-653-8488 SOURCE: Hudson County MLS

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