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About this home
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.
Downtown Union City, located between Bergenline Avenue and Kennedy Boulevard, is a commercial and residential Union City neighborhood with a dense streetscape and a transit-linked rhythm. The neighborhood’s character concentrates around Bergenline Avenue near 49th Street, where sidewalk produce stands, independent bakeries, and late-night eateries keep the blocks in motion. Community pillars include Park Performing Arts Center, La Gran Via Bakery, and Celia Cruz Park. Brick multifamily buildings and mixed-use storefront rows define the architecture, with stoops and corner bodegas shaping daily routines. Small plazas and pocket parks break up the grid, while buses along Bergenline and Kennedy Boulevard set a steady cadence for commuting and errands.
Provided by Walk Score and Local Logic
Market insights
509 MONASTERY Pl · $849,000
DAYS ON MARKET
4 days
The average home goes pending in 57 days.
SALE-TO-LIST
99.6%
Most homes are selling 0% below list price.
LIST PRICE
$849,000
Median list price in this area is $884,526. (4% higher than this home)
PRICE DROP
0 price drops
13% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Finished basement
Bedrooms
8 bedrooms: 4 on the second floor and 4 on the third floor
Bathrooms
5 full bathrooms: 1 on the first floor, 2 on the second floor, and 2 on the third floor
Kitchen
4 kitchens: 2 on the second floor and 2 on the third floor
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.
HCMLS #260021903
Oct 31, 2026
Listed
$849,000
NJMLS #26038469
Oct 14, 2026
Listed
$899,000
HCMLS #260020787
Oct 31, 2026
Listing Removed
—
Oct 14, 2026
Listed
$899,000
HCMLS #260003894
Jun 10, 2026
Listing Removed
—
Mar 6, 2026
Listed
$899,000
NJMLS #26006425
Mar 6, 2026
Listed
$899,000
HCMLS #250019109
Feb 13, 2026
Listing Removed
—
Jan 13, 2026
Price Changed
$949,000
Sep 16, 2025
Listed
$1,150,000
HCMLS #250015372
Aug 13, 2025
Listing Removed
—
Jul 28, 2025
Listed
$1,150,000
Public Records
Sep 30, 2004
Sold
$362,500
HCMLS #402861
Apr 6, 2004
Listed
$389,900
HCMLS #307889
Mar 11, 2004
Listing Removed
—
Sep 30, 2003
Listed
$349,000
HCMLS #302036
Aug 8, 2003
Listing Removed
—
Jan 22, 2003
Listed
$300,000
HCMLS #100448
May 25, 2001
Sold
$227,900
Feb 27, 2001
Listing Removed
—
Feb 24, 2001
Listed
$219,900
HCMLS #5288
Dec 1, 2000
Listing Removed
—
Aug 29, 2000
Listed
$224,000
Public Records
Apr 4, 1989
Sold
$235,000
Public Records
Jun 16, 1988
Sold
$200,000
Public Records
Nov 1, 1984
Sold
$85,000
Public Records
Nov 1, 1978
Sold
$29,500
Year
Property tax
Land + Additions
Assessment*
2025
$20,735 (+10.0%)
$300,000 + $653,500
$953,500
2024
$18,850 (+34.5%)
$300,000 + $822,000
$1,122,000
2023
$14,015 (+3.7%)
$300,000 + $720,000
$1,020,000
2022
$13,510 (+0.4%)
$103,800 + $78,500
$182,300
2021
$13,463 (+1.2%)
$103,800 + $78,500
$182,300
2020
$13,310 (+2.8%)
$103,800 + $78,500
$182,300
2019
$12,949 (+1.9%)
$103,800 + $78,500
$182,300
2018
$12,706 (+1.0%)
$103,800 + $78,500
$182,300
2017
$12,586 (+0.2%)
$103,800 + $78,500
$182,300
2016
$12,560 (+4.0%)
$103,800 + $78,500
$182,300
2014
$12,075 (+1.2%)
$103,800 + $78,500
$182,300
2013
$11,932 (+2.2%)
$103,800 + $78,500
$182,300
2012
$11,669 (+3.4%)
$103,800 + $78,500
$182,300
2011
$11,283 (+1.6%)
$103,800 + $78,500
$182,300
2010
$11,107 (+3.2%)
$103,800 + $78,500
$182,300
2009
$10,766
$103,800 + $83,500
$187,300
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
27 ft.
Lot depth
100 ft.
Lot size
2,701 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,054
Year built
1930
Style
Multi-Family (5+ Unit)
County
Hudson County
APN
1000103 00009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R
Residential District
The purpose of this zone is to ensure consistency with the Master Plan Reexamination Report, adopted January 22, 2019 in order to maintain the character and scale of the Citys residential neighborhoods by creating standards that encourage infill development in a manner consistent with the Citys current and desired future density, and by maintaining existing development intensity and population density consistent with the residential neighborhood patterns.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Public service
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Union City, NJ • 07087
Average low and high temperatures (°F)
36
26
39
28
55
39
63
47
71
56
82
67
87
72
82
67
78
64
66
53
56
43
42
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
43/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
5.4 hrs
2.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 509 MONASTERY Pl
$851,081
$2,081 over list price of $849K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $781K to $980K.