505 5th Street, Union City, NJ 07087

New Listing
$825,000
Property Type: Multi-Family Bedrooms: 11 Baths: 4 Square Footage: 3,150 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $825,000 List Date: 1/05/2026 Last Modified: 1/05/2026

Description

Discover a prime investment opportunity in the heart of Union City! This newly renovated 4-family property has updated amenities, ensuring a steady and reliable rental income. Property highlights include updated kitchens and bathrooms in all units, providing a fresh and contemporary living space. All units are currently rented, guaranteeing immediate income for the new owner. Split utilities, so tenants are responsible for their own utilities, reducing overhead costs for the landlord. Two apartments are large spacious 3 bedrooms, 1-bathroom units, the other two apartments are 2 bedrooms, 1 bathroom. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.

More Information MLS# 22600277

Contract Info

List Price/SqFt: 261.9 New Construction: No Status: Active List Date: 2026-01-05 List Price: $825,000 Current Price: $825,000 Property Sub-Type: Four Family

Location

Area/Section: None House Number: 505 Street Name: 5th Street Suffix: Street County: Hudson Municipality: Union City (UNO) Postal City: Union City State: NJ Zip Code: 07087 Complex/Subdivision: None Directions: 505 5th Street, Union City, NJ 07087

General Property Info

# Units in Bldg: 4 Handicap Access: No Waterfront: No # Levels: 3 Waterview: No Fireplace: No Lot Dimensions: 25 x 100 Basement: Yes Garage: No # Acres: 0.06 # Car Garage: 0 Pool: No Bedrooms: 11 Full Baths: 4 Total Baths: 4 Apx SqFt: 3150 Apx Year Built: 1900

Tax and Legal

Asmnt - Total: 869100 Deed Restricted: No Special Assessment: No Taxes: 16061 Tax Year: 2025

Unit 1

# Bedrooms: 2 # Full Baths: 1 Rent: 1900

Unit 2

# Bedrooms: 3 # Full Baths: 1 Rent: 1652

Unit 3

# Bedrooms: 3 # Full Baths: 1 Rent: 2110

Unit 4

# Bedrooms - Unit 4: 2 # Full Baths - Unit 4: 1 Rent: 1900

Income & Expenses

Rent Expense: 16160 Gross Income: 84000

Zoning

Multi-Family: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Basement

Full: 1

Cooling

Other: 1

Water Heater

Natural Gas: 1

Heating

Baseboard: 1

Parking

On Street: 1

Garage

None: 1

Assessment Status

Assessed: 1

Siding

Brick: 1 Vinyl: 1

Roof

Flat: 1

Landlord Pays

Sewer: 1

Tenant Pays

Electricity: 1 Gas: 1

Property Features

Basement: Full Cooling: Other Heating: Baseboard Water Heater: Natural Gas Siding: Brick; Vinyl Roof: Flat Garage: None Parking: On Street Zoning: Multi-Family Assessment Status: Assessed Landlord Pays: Sewer Tenant Pays: Electricity; Gas
Listing Office: RE/MAX Central
Listing Agent: Michael Sclafani
IDX
Last Updated: January - 05 - 2026
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