Single Family Home For Sale in Union City, NJ
MLS# : 260006841
PROPERTY DETAILS
PROPERTY DESCRIPTION
Well-maintained multi-family property offering stable, in-place income in a consistently strong rental market. 414 Monastery Place is comprised of multiple residential units with a reliable rent roll already in place, making it an ideal acquisition for investors seeking predictable cash flow without the need for repositioning or renovation. The building features practical layouts, solid tenancy, and straightforward operations - designed for ease of ownership and long-term hold. Expenses are manageable, and the asset performs as a true income-producing property from day one. Located on a quiet residential block in Union City, the property benefits from proximity to transportation into Manhattan, as well as access to local retail, dining, and everyday conveniences. The area continues to attract steady rental demand driven by its accessibility and relative affordability compared to surrounding markets. This is a no-frills, income-generating asset - built for investors who value consistency, stability, and simplicity.
Amenities
None
This listing is a courtesy of SERHANT NEW JERSEY LLC
973-315-5959 office, listing agent ATTILIO ADAMO
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 (2025): | 1.848% |
| Effective Tax Rate (2025): | 1.859% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $759,435 |
| Homes Sold* (12mo): | 13 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $426,969 |
| Apatments Sold* (12mo): | 130 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2025): | 1.848% |
| Effective Tax Rate (2025): | 1.859% |
Search
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $479,000 - 1,049,000 | 9 |
| Condos : | $189,000 - 1,499,000 | 63 |
| Co-ops : | $265,000 - 649,000 | 24 |
| Twnhs : | $875,000 - 1,049,000 | 2 |
| 2-4 Fam : | $625,000 - 1,450,000 | 17 |
| 5+ Fam : | $875,000 - 1,900,000 | 4 |
| Land : | $299,000 - 450,000 | 2 |
| Rentals : | $2,200 - 3,895 | 10 |
| Mixd Use : | $649,000 - 2,650,000 | 10 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 500,000 | 10 |
