The Costanza Read · how this price compares
$849,000
median ask for comparable multi-family homes in Union City is $995,000 · based on 37 active listings
At $849,000, this home is priced ~15% below the median for its class. On the numbers, it's priced to move.
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About this home
414 Monastery Place, Union City | 3-Family Investment | $849,000 A strong investment should make sense today and still leave room for tomorrow. 414 Monastery Place does exactly that. Recently updated and fully occupied, this 8-bedroom, 3-full-bath, 3-family generates approximately $83,400 in annual gross rental income with reasonable operating expenses and a projected 8.1% cap rate based solely on the 3-family. For investors, it’s a straightforward opportunity: three income-producing units, strong gross rents, an attractive return and long-term upside in one of Hudson County’s active rental markets. For an owner-occupant, the property also offers future flexibility to live in one unit when available while income from the others helps offset ownership costs. And for the buyer thinking bigger, there’s another conversation worth having. The same owner is also offering 414 Monastery Place Rear, a separately taxed single-family home, and 408-12 Monastery Place Rear, an adjacent vacant parcel—both currently listed for sale. Combined with the 3-family, the three parcels total approximately 8,050 SF of land, creating the opportunity to acquire the entire assemblage and explore a larger income-and-development strategy, subject to zoning and municipal approvals. Stay focused on the 3-family or think bigger—the choice is yours. Inquire within for details on the complete three-parcel oppor.
The details
Property Type3-4 Family
StatusActive · listed today
List Price$849,000
Bathrooms4
LocationUnion City, NJ 07087
MLS #260018087
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Living on Monastery Pl
414 Monastery Pl sits on Monastery Pl in Union City. Bergenline Avenue — one of the longest, busiest shopping streets in New Jersey — runs the length of town. It's one of the most bus-served towns in the state — NJ Transit and jitneys run constantly to the Port Authority via the Lincoln Tunnel, and the Hudson-Bergen Light Rail is a short hop down the Palisades. The Lincoln Tunnel approach and Route 495 put Midtown Manhattan minutes away.
As a 3-4 family in Union City, it's the kind of turnkey listing buyers watch for — and in this market, homes like this tend to move on the first weekend. If it fits what you're after, the smart move is to see it early.
414 Monastery Pl, Union City
Good to know
Is 414 Monastery Pl still available?
Yes — it's active on the Hudson County MLS (listed today) at $849,000. Text Andrew Diaz at (551) 235-3473 to confirm and book a showing.
How many bedrooms and bathrooms does 414 Monastery Pl have?
It offers 4 bathrooms.
How do I see 414 Monastery Pl in person?
Tap “Request a tour,” drop your name and number, and Andrew Diaz will text you back within minutes with showing times — including this weekend.
