2-4 Family Home For Sale in Union City, NJ
MLS# : 25020716
PROPERTY DETAILS
PROPERTY DESCRIPTION
Great investment opportunity! This 3-family brick house at 534 Lincoln Street in Union City consists of two structures. The front building features two 2-bedroom, 1-bath apartments (top/bottom) with living rooms and kitchens. This structure also has a semi-finished, ground-level basement with 1/2 bath that can be used for additional storage, etc. The rear structure offers a 1-bedroom, 1-bath unit with a cozy living room and kitchen. Access is through a secure alleyway. Each unit has its own electric and gas meters, rents include water. Located steps from Bergenline Avenue, with easy access to shops, restaurants, schools, and transportation. All rents have been registered with the town and are not rent-stabilized. This is being sold strictly "as is" with CO being the responsibility of the buyer. This is a perfect opportunity for investors looking for rental income in a prime location!
Amenities
This listing is a courtesy of Christie's International Real Estate Group-Edgewater
201-547-1500 office, listing agent Jacqueline Morales
About Union City, NJ Real Estate Market
The Union City is situated atop the ridge of the lower Hudson Palisades. Due to a high elevation, the city offers clear views of surrounding municipalities like New Jersey Meadowlands and New York City Skyline. It shares its borders with other parts of Hudson County, such as Jersey City, Hoboken, Weehawken, North Bergen and West New York.
The formation of Union City as a city happened in 1925 by an act of the New Jersey Legislature. Union City was established by merging Union Hill and West Hoboken Township. The city’s name got derived from the names of these two municipalities. In its early stages, Union City was inhabited by German and Spanish speaking people.
Union City is divided into two parts by New Jersey Route 495, which resulted in the renaming of many street names in the city. Most of the homes for sale in this part of Hudson County are located on streets like 32nd Street, Hackensack Plank Road and Bergen Turnpike, which form Union City’s urban grid.
| Population: | 65,551 |
| Total Housing Units: | 22,411 |
| Single Family Homes: | 5,756 |
| Apartments: | 16,655 |
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $479,456 |
| Homes Sold* (12mo): | 9 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $441,021 |
| Apatments Sold* (12mo): | 143 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $489,000 - 1,250,000 | 5 |
| Condos : | $148,888 - 1,275,000 | 60 |
| Co-ops : | $249,000 - 649,000 | 23 |
| Twnhs : | $489,000 - 1,499,000 | 5 |
| 2-4 Fam : | $599,000 - 1,499,000 | 18 |
| 5+ Fam : | $1,125,000 - 1,299,000 | 2 |
| Land : | $333,000 - 999,000 | 3 |
| Rentals : | $1,700 - 3,850 | 13 |
| Mixd Use : | $1,125,000 - 2,650,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $74,900 - 250,000 | 4 |
