Union City Homes with 3 Family Subtype

Union City Homes with 3 Family Subtype

Welcome to Union City, New Jersey—a vibrant and diverse community nestled in Hudson County, just minutes away from the bustling heart of Manhattan. Known for its rich cultural tapestry, Union City boasts a lively atmosphere filled with a variety of shops, restaurants, and parks, making it an ideal place for families and professionals alike. With its convenient transportation options, including NJ Transit and PATH trains, commuting to New York City is a breeze, allowing residents to enjoy the best of both worlds.

One of the most appealing aspects of Union City is its charming residential neighborhoods, particularly the abundance of three-family homes that cater to those looking for both investment opportunities and a comfortable living space. These multi-family properties are perfect for first-time homebuyers, seasoned investors, or anyone looking to create a multi-generational living environment. With spacious layouts and unique architectural styles, three-family homes in Union City offer the potential for rental income while providing a sense of community among neighbors.

Many of these homes are situated near local amenities, schools, and parks, ensuring that residents have everything they need right at their doorstep. Whether you’re interested in the historic charm of older buildings or the modern conveniences of newer constructions, Union City’s real estate market has something for everyone. Embrace the lively spirit of Union City and discover the perfect three-family home that meets your needs and dreams. With its dynamic community and prime location, Union City is truly a place to call home.

Newest Union City Homes with 3 Family Subtype

$849,000
8 Beds 3 Baths 260018087 MLS
414 Monastery Place, Union City | 3-Family Investment | $849,000 A strong investment should make sense today and still leave room for tomorrow. 414 Monastery Place does exactly that. Recently updated and fully occupied, this 8-bedroom, 3-full-bath, 3-family generates approximately $83,400 in annual gross rental income with reasonable operating expenses and a projected 8.1% cap rate based solely on the 3-family. For investors, it’s a straightforward opportunity: three income-producing units, strong gross rents, an attractive return and long-term upside in one of Hudson County’s active rental markets. For an owner-occupant, the property also offers future flexibility to live in one unit when available while income from the others helps offset ownership costs. And for the buyer thinking bigger, there’s another conversation worth having. The same owner is also offering 414 Monastery Place Rear, a separately taxed single-family home, and 408-12 Monastery Place Rear, an adjacent vacant parcel—both currently listed for sale. Combined with the 3-family, the three parcels total approximately 8,050 SF of land, creating the opportunity to acquire the entire assemblage and explore a larger income-and-development strategy, subject to zoning and municipal approvals. Stay focused on the 3-family or think bigger—the choice is yours. Inquire within for details on the complete three-parcel opportunity. $83,400 gross income. 8.1% projected cap. Fully occupied. Recently updated. 414 Monastery Place is already working from day one.

414 Monastery Pl, Union City

$1,800,000
9 Beds 7 Baths 260017342 MLS
416 2nd Street, Union City. Three furnished residences. Nine bedrooms. Six full baths. Private terraces. Parking. And projected gross income of approximately $187,200 per year. Welcome to 416 2nd Street—an investment opportunity built for today’s rental market. Built in 2008 and located alongside Washington Park, this substantial three-family offers three fully furnished 3-bedroom, 2-bath residences, each with central air, in-unit washer/dryer and a private terrace. The setup creates multiple rental strategies, including traditional leasing, corporate housing, relocation, insurance-displacement stays and extended work assignments. The numbers make the opportunity especially compelling. Current asking rents are $6,300 for Unit 1, $4,800 for Unit 2 and $4,150 for Unit 3, totaling $183,000 in projected annual residential income. Add approximately $350/month in potential parking income, and projected gross income reaches approximately $187,200 annually. With 2025 property taxes of approximately $21,915, estimated insurance of $3,300 and water/sewer of approximately $2,400 annually, a preliminary pro forma incorporating 5% vacancy and 5% repairs/reserves produces an estimated $140,865 NOI and approximately 7.83% projected cap rate at a $1,799,000 offering price, before landlord-paid utilities, management and other applicable expenses. Buyers should perform their own due diligence. Parking options provide additional convenience and potential income, while Washington Park, Hoboken, Light Rail, shopping, dining and transportation toward Jersey City and Manhattan help support a broad tenant pool. Newer construction. Three large furnished residences. Multiple rental strategies. $187,200 in projected gross annual income. Parking. In-unit laundry. Central air. Private outdoor space. For the investor looking for income, flexibility and a difficult-to-replicate Hudson County asset, 416 2nd Street deserves serious attention.

416 2nd St, Union City

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