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New Jersey>Union City

509 Monastery PlaceUnion City, NJ 07087

For Sale

$899,000

Smart Buyer Rebate $8,990

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.

Listed by Jill Biggs

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License #1001117

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Coldwell Banker, Hoboken

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(973) 495-6038

Last updated March 06, 2026

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Source: NJMLS #26006425

Listing Facts

  • TypeMulti-family
  • NeighborhoodUnion City
  • Bedrooms8
  • Bathrooms5
  • Days on Prevu10
  • Taxes$20,000/year

Amenities

  • Pets Allowed

Location

Mortgage Calculator

Listing History

03/13/2026
Status changed to Active
$899,000
03/12/2026
Status changed to Removed from Feed
$899,000
03/06/2026
Listed by Coldwell Banker, Hoboken
$899,000

Property Details for 509 Monastery Place

Exterior

Construction

  • Year Built Details: 1900-1939,Build Prior to 1978
  • Architectural Style: 4 Family

Measurements

  • Lot Size Dimensions: 27,100
  • Lot Size Square Feet: 2,701

Financial

Taxes

  • Tax Annual Amount: $20,000.00

Interior

Rooms

  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 8
  • Rooms Total: 22

Other

Location

  • Tax Block: 103
  • Tax Lot: 9

Utilities

Equipment

  • Utilities: See Remarks

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 8 bedrooms and 5 bathrooms in this multi-family home at 509 Monastery Place.

What are the annual taxes for 509 Monastery Place?

Annual taxes for this multi-family home are estimated at $20,000.

How does 509 Monastery Place compare to other multi-family homes in Union City?

This multi-family home is listed 3% below the average price for multi-family homes in Union City and has been on the market for 58 less days than the typical home in this area.

509 Monastery Place is a 8-bedroom, 5-bath multi-family home for sale in Union City NJ 07087. Available on Prevu for 10 days at $899,000. This residence is located in Union City. The median listing price for multi-family homes in this area is $691,500. The home offers pets allowed. View other multi-family home listings in New Jersey.

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 Prevu 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. © 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.