Union City Homes with 4 Family Subtype

Union City Homes with 4 Family Subtype

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Newest Union City Homes with 4 Family Subtype

$975,000
8 Beds 4 Baths 260009677 MLS
217-219 New York Ave, Union City, NJ – Offered at $975,000 | Rare 4-Family Opportunity on a 50x50 Lot. Welcome to 217-219 New York Ave, a rare opportunity to own a solid four-family property in one of Union City’s most convenient and consistently high-demand locations. Situated on an oversized 50x50 lot with driveway parking, this property offers strong income potential, long-term upside, and flexibility for both investors and owner-occupants looking to offset expenses with substantial rental income. The building spans four levels and features a total of 8 bedrooms, 4 full baths, 4 kitchens, multiple living spaces, and additional flexible space. Each residential level offers a traditional 2-bedroom, 1-bath layout that continues to perform well with strong local rental demand. The property may also be eligible for exemption from rent control, presenting even greater long-term value and future income growth potential for qualified buyers. Additional features include gas utilities, baseboard and radiator heat, and a durable low-maintenance exterior with aluminum/vinyl siding and stone finishes. Annual taxes for 2025 are $11,943.95. Exceptionally close to Washington Park, the property is surrounded by local restaurants, cafés, shopping, schools, and neighborhood conveniences. Commuters will appreciate easy access to NJ Transit bus service into Port Authority, nearby light rail connections, and quick routes into Hoboken, Jersey City, and Manhattan via Route 495 and the Lincoln Tunnel. With its oversized lot dimensions, strong location, and flexible layout, this property also presents exciting possibilities for future expansion, redevelopment, or reconfiguration opportunities subject to approvals. Opportunities like this are becoming increasingly difficult to find in today’s market.

217-219 New York Ave, Union City

$899,000
11 Beds 4 Baths 260008335 MLS
414 Monastery Place in Union City, New Jersey offers a rare opportunity to acquire one of the largest development lots in Union City, combined with a four-family asset that provides both in-place income and clear upside. The property is configured with three three-bedroom, one-bath units and one two-bedroom, one-bath unit, offering a strong unit mix that consistently attracts renters in this market. Set on a massive triple lot, the property also delivers an unmatched outdoor space experience for residents, a feature that is exceptionally rare in this area and a meaningful driver of tenant demand and long-term value. Two of the units are currently vacant, allowing a new owner to immediately lease at market rates and significantly increase cash flow from day one. The remaining occupied units are rent stabilized, providing steady baseline income with the potential to grow the overall rent roll over time. This is a true value-add opportunity with the ability to improve income through leasing the vacant units, optimizing rents, and potentially expanding the property to add additional rental units, subject to buyer verification. While condo conversion is currently not permitted in Union City, the property stands out as a strong long-term rental investment with scalability in a supply-constrained market. Located on Monastery Place, the asset benefits from close proximity to New York City transit, consistent rental demand, and ongoing neighborhood growth.

414 Monastery Pl, Union City

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The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than our company are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting. Information is deemed reliable but not guaranteed.