The Costanza Read · how this price compares
$899,000
median ask for comparable multi-family homes in Union City is $849,950 · based on 46 active listings
At $899,000, this home is priced ~6% 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
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.
The details
Property Type3-4 Family
StatusActive · listed today
List Price$899,000
Bathrooms5
LocationUnion City, NJ 07087
MLS #260020787
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 Monastery Pl
509 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.
509 Monastery Pl, Union City
Good to know
Is 509 Monastery Pl still available?
Yes — it's active on the Hudson County MLS (listed today) at $899,000. Text Andrew Diaz at (551) 235-3473 to confirm and book a showing.
How many bedrooms and bathrooms does 509 Monastery Pl have?
It offers 5 bathrooms.
How do I see 509 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.
