509 Monastery Place, Union City, NJ 07087

• 8 beds |
• 5 baths

Property Description

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.

Listing Status:

Active

Date Added:

March 6, 2026

Data Last Updated:

March 24, 2026 at 5:01PM

Listing Office:

Coldwell Banker, Hoboken : 201-212-5026

Listing Agent:

Jill Biggs : (973) 495-6038

MLS ID:

26006425

Interior

• Rooms: 22

Location

• County: HUDSON

Utilities

• Utilities: O/See Rmks