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8 Beds
5 Baths

$899,000

509 Monastery Place, Union City NJ, 07087

Property typeMulti-family
Listed by Jill Biggs with Coldwell Banker, Hoboken 973-495-6038

Overview

Active

Active - Active

Listed Oct 14, 2026

Updated 19h ago

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.

$5,981/mo

Est. mortgage payment based on a $899,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26038469

Interior Features

Bedrooms
8
Bathrooms
5
Basement
No

Other Property Details

Taxes
$13,000
Tax Frequency
Annually
Association Fee Frequency
Monthly

Also listed on HCMLS

MLS provider logo

Listed by Jill Biggs with Coldwell Banker, Hoboken 973-495-6038

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS.  Real estate listings held by brokerage firms other than Christie's Int'l Real Estate Group - Fort Lee are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.  Some properties listed with the participating brokers do not appear on this website at the request of the seller.  Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed.  Last date updated:  10/15/2026 

Source:  New Jersey Multiple Listing Service, Inc.

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