For Sale

Listed by Patricia Ruiz

Source: Hudson County Multiple Listing Service #250013804

512 Monastery Place, Union City, NJ, 07087

$2,100,000

11
7

Duplex

30+ days on the market

What's around 512 Monastery Place

About this property

Introducing 512 Monastery Place — The money maker! This prime 4-family investment property is ideally located just half a block from Bergenline Avenue and NYC transportation, making it a commuter’s dream. This well maintained building features three of the 4 units being renovated with modern finishes and layouts that attract high-quality tenants. Residents enjoy access to a private central courtyard, offering a unique sense of community and outdoor space rarely found in Union City multifamily properties. This also makes it pet friendly. All units have separate utilities (except for water), offering convenience and minimizing landlord overhead. One of the units has a second door leading to a finished basement with a large rec room and full bath. With a monthly gross rental income of $12,250 and low expenses, this property currently yields a solid 6.61% cap rate. Rents are registered higher with the township making future increases easy. Annual operating costs include approx $16,000 in taxes, $4,000 in insurance, and $3,000 for water. Roof & furnace 2 years young! Whether you’re looking to expand your portfolio or secure a strong cash-flowing asset in one of Hudson County’s most vibrant markets, 512 Monastery Place is the opportunity you’ve been waiting for.

Looking for more information on 512 Monastery Place?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$899,000
414 Monastery Place
Union City NJ 07087
11
4
Duplex
Listing courtesy of SERHANT NJ LLC
For Sale
$1,695,000
500 New York Avenue
Union City NJ 07087
11
7
2
Duplex
Listing courtesy of Keller Williams City Life Realty
Pending
$1,360,000
1215 Bergenline Ave
Union City NJ 07087
11
6
3
Duplex
Listing courtesy of REMAX SELECT

Other properties for sale by Real Broker LLC

For Sale
$265,000
9050 Pittmans Gap Road
Newland NC 28657
2
2
Single-Family
Listing courtesy of Real Broker LLC
For Sale
$819,999
1532 Mt Logan Drive
Logan UT 84321
6
3
9
Single-Family
Listing courtesy of Real Broker LLC
For Sale
$580,000
2060 Tiger links Drive
Henderson NV 89012
2
2
2
Single-Family
Listing courtesy of Real Broker LLC

Browse properties sold in nearby areas

The data relating to real estate for sale or rent on this website comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than Real Broker LLC are marked with the HCIDX mark and the information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 HCMLS. All Rights Reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent