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$899,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds

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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.

Full Property Details for 509 Monastery Pl

General

  • Price: $899,000
  • Taxes: $20,000 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Liberty_Board_Hudson_County_Hudson_MLS
  • MLS ID: 260003894
  • Updated: 3/6/2026
  • Added to Site: 29 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Level 3 - Full Baths: 2
  • Level 2 - Full Baths: 2
  • Level 1 - Full Baths: 1

Bedrooms

  • Total Bedrooms: 8
  • Bedrooms-L3: 4
  • Bedrooms-L2: 4

Other Rooms

  • Living Rooms: 4
  • Living Room-L3: 2
  • Living Room-L2: 2
  • Kitchens: 4
  • Kitchens-L3: 2
  • Kitchens-L2: 2

Location

  • Area: Union City
  • County: Hudson
  • Driving Directions: New York & 19th

Heating & Cooling

  • Heating/Cooling: Gas

Structural Information

  • Architectural Style: Multi-Level
  • Exterior Const.: Aluminum/Vinyl, Brick
  • Basement Desc.: Finished

Lot Features

  • Lot Dimensions: 27 x 100

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $20,000
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: All personal possessions.
  • Inclusions: Appliances and light fixtures as installed
  • Lead Paint Discl.: Yes
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 509 Monastery Pl —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 509 Monastery Pl

School District:Union City School District
NameGradesDistance
Sara M. Gilmore Academy
1700 Kerrigan Avenue, Union City, NJ 07087
1-80.3 mi
Veterans Memorial School
1401 Central Avenue, Union City, NJ 07087
PK-50.3 mi
Eugenio Maria De Hostos Center for Early Childhood Education
2200 John F. Kennedy Boulevard, Union City, NJ 07087
PK-K0.4 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
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 509 Monastery Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/06/2026
Listed
$899,000
148%
MLS
9/16/2004
Sold
$362,500
—
Public Record
Get Price Alerts and Save Property
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 for 509 Monastery Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,850
45%
$1,122,000
515%
2022
$13,016
—
$182,300
—
2021
$12,969
33%
$182,300
—
2021
$9,733
-25%
$182,300
—
2019
$12,949
2%
$182,300
—
2018
$12,706
1%
$182,300
—
2017
$12,586
—
$182,300
—
2016
$12,560
2%
$182,300
—
2015
$12,344
3%
$182,300
—
2013
$11,932
—
$182,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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509 Monastery Pl, Union City, NJ 07087 (MLS# 260003894) is a Multi-Family property with units containing 8 bedrooms and 5 full bathrooms. 509 Monastery Pl is currently listed for $899,000 and was received on March 06, 2026. This property is listed by The Jill Biggs Group from our Hoboken Office.Want to learn more about 509 Monastery Pl? 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.

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