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$699,000
Property Description
Legal 4-Unit Building for Sale! Don't miss this outstanding investment opportunity in the heart of Union City. This property offers strong rental potential and long-term growth. Featuring four 1-bedroom, 1-bath units, all in move-in condition with one of the units having access to the backyard. Low taxes, only $10,763!! Separate utilities, tenants pay their own PSEG. The basement features storage space and all mechanical systems. Prime Location! Conveniently situated near NYC transportation, shops, and restaurants. This 4-family home is ideal for investors looking for great value and excellent return potential. Call today!
Full Property Details
Full Property Details for 1506 Summit Ave
General
- Price: $699,000
- Taxes: $10,358 (2024)
- Status: Active
- Type: Multi-Family
- Source: Liberty_Board_Hudson_County_Hudson_MLS
- MLS ID: 260000249
- Updated: 1/9/2026
- Added to Site: 8 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Level 4 - Full Baths: 1
- Level 3 - Full Baths: 1
- Level 2 - Full Baths: 1
- Level 1 - Full Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms-L4: 1
- Bedrooms-L3: 1
- Bedrooms-L2: 1
- Bedrooms-L1: 1
Other Rooms
- Living Rooms: 4
- Living Room-L4: 1
- Living Room-L3: 1
- Living Room-L2: 1
- Living Room-L1: 1
- Kitchens: 4
- Kitchens-L4: 1
- Kitchens-L3: 1
- Kitchens-L2: 1
- Kitchens-L1: 1
Location
- Area: Union City
- County: Hudson
- Driving Directions: 39th Street and 40th Street.
Heating & Cooling
- Heating/Cooling: A/C Window, Baseboard, Gas
Structural Information
- Architectural Style: Colonial
- Exterior Const.: Brick
- Basement Desc.: Unfinished
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $10,358
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Tenants personal belongings
- Inclusions: Real Property
- Lead Paint Discl.: Yes
Listed by Keller Williams Park Views (201) 939-0050
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Schools
Schools serving 1506 Summit Ave
School District:Union City School District
| Name | Grades | Distance |
|---|---|---|
Sara M. Gilmore Academy 1700 Kerrigan Avenue, Union City, NJ 07087 | 1-8 | 0.1 mi |
Veterans Memorial School 1401 Central Avenue, Union City, NJ 07087 | PK-5 | 0.1 mi |
Eugenio Maria De Hostos Center for Early Childhood Education 2200 John F. Kennedy Boulevard, Union City, NJ 07087 | PK-K | 0.4 mi |
Jose Marti STEM Academy 1800 Summit Avenue, Union City, NJ 07087 | 9- | 0.2 mi |
Union City High School 2500 John F. Kennedy Boulevard, Union City, NJ 07087 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1506 Summit Ave
Date
Details
Price
Change
Source
1/09/2026
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1506 Summit Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,138
-6%
$560,600
2%
2023
$10,763
4%
$548,600
292%
2022
$10,375
—
$140,000
—
2021
$10,335
33%
$140,000
—
2021
$7,758
-22%
$140,000
—
2019
$9,944
2%
$140,000
—
2018
$9,758
1%
$140,000
—
2017
$9,666
—
$140,000
—
2016
$9,646
2%
$140,000
—
2015
$9,479
-18%
$140,000
-7%
2013
$11,500
—
$150,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1506 Summit Ave
1506 Summit Ave, Union City, NJ 07087 (MLS# 260000249) is a Multi-Family property with units containing 4 bedrooms and 4 full bathrooms. 1506 Summit Ave is currently listed for $699,000 and was received on January 09, 2026. Want to learn more about 1506 Summit Ave? Do you have questions about finding other Multi-Family real estate for sale in Union City? You can browse all Union City real estate or contact a Coldwell Banker agent to request more information.
