The Costanza Read · how this price compares
$1,800,000
median ask for comparable multi-family homes in Union City is $997,000 · based on 32 active listings
At $1,800,000, this home is priced ~81% above the median for its class. Priced at a premium — worth seeing what justifies it.
Want the recent sold comps on this exact block too? Ask Andrew →
About this home
416 2nd Street, Union City. Three furnished residences. Nine bedrooms. Six full baths. Private terraces. Parking. And projected gross income of approximately $187,200 per year. Welcome to 416 2nd Street—an investment opportunity built for today’s rental market. Built in 2008 and located alongside Washington Park, this substantial three-family offers three fully furnished 3-bedroom, 2-bath residences, each with central air, in-unit washer/dryer and a private terrace. The setup creates multiple rental strategies, including traditional leasing, corporate housing, relocation, insurance-displacement stays and extended work assignments. The numbers make the opportunity especially compelling. Current asking rents are $6,300 for Unit 1, $4,800 for Unit 2 and $4,150 for Unit 3, totaling $183,000 in projected annual residential income. Add approximately $350/month in potential parking income, and projected gross income reaches approximately $187,200 annually. With 2025 property taxes of approximately $21,915, estimated insurance of $3,300 and water/sewer of approximately $2,400 annually, a preliminary pro forma incorporating 5% vacancy and 5% repairs/reserves produces an estimated $140,865 NOI and approximately 7.83% projected cap rate at a $1,799,000 offering price, before landlord-paid utilities, management and other applicable expenses. Buyers should perform their own due diligence. P.
The details
Property Type3-4 Family
StatusActive · listed 3 days ago
List Price$1,800,000
Bathrooms7
LocationUnion City, NJ 07087
MLS #260017342
Estimate the monthly payment
—est. / month · principal & interest
Estimate only — property taxes, insurance, and any HOA are extra. Get a real pre-approval →
Living on 2Nd St
416 2Nd St sits on 2Nd St 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.
416 2Nd St, Union City
Good to know
Is 416 2Nd St still available?
Yes — it's active on the Hudson County MLS (listed 3 days ago) at $1,800,000. Text Andrew Diaz at (551) 235-3473 to confirm and book a showing.
How many bedrooms and bathrooms does 416 2Nd St have?
It offers 7 bathrooms.
How do I see 416 2Nd St 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.
