The Costanza Read · how this price compares
$1,499,999
median ask for comparable multi-family homes in Union City is $985,000 · based on 34 active listings
At $1,499,999, this home is priced ~52% 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
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 structure 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 oper.
The details
Property Type3-4 Family
StatusActive · listed today
List Price$1,499,999
Bathrooms6
LocationUnion City, NJ 07087
MLS #260015868
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 Summit Ave
913 Summit Ave sits on Summit Ave 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.
913 Summit Ave, Union City
Good to know
Is 913 Summit Ave still available?
Yes — it's active on the Hudson County MLS (listed today) at $1,499,999. Text Andrew Diaz at (551) 235-3473 to confirm and book a showing.
How many bedrooms and bathrooms does 913 Summit Ave have?
It offers 6 bathrooms.
How do I see 913 Summit Ave 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.
