Baths
3,150 Sq. Ft.
$262 / Sq. Ft.
3,150
Sq. Ft.
$262
per Sq. Ft.

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...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.
  1. Listed by Michael Sclafani • RE/MAX Central

Property Details for 505 5th Street

Complex/Subdivision
None
Zoning
Multi-Family
New Construction
No
Waterview
No
Directions
505 5th Street, Union City, NJ 07087
LISTING UPDATED: 02/03/2026 06:37 AM

Property Details for 505 5th Street

StatusActive
MLS #22600277
Days on Market35
Taxes$16,061 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Four Family
Year Built1900
Lot Size0.06 AC / 2,613 SF
CountyHudson County

Location

Listing Courtesy of RE/MAX Central, Michael Sclafani
Add your commute

Building Information for 505 5th Street

Stories3Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$5,359 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,021

Property Taxes

$1,338

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 505 5th Street

Summary
Location and General Information
  • Area/Section: None
  • Postal City: Union City
  • State: NJ
  • Municipality: Union City (UNO)
  • # Units in Bldg: 4
  • Block: 16
  • Apx Year Built: 1900.0
Parking
  • Garage: None
  • Parking: On Street
  • # Car Garage: 0.0
Taxes and HOA Information
  • Tax ID#: 10-00016-0000-00007
  • Taxes: $16,061.00
  • Tax Year: 2025
Property
Lot Information
  • Apx SqFt: 3150.0
  • # Acres: 0.06
  • Lot: 7
  • Lot Dimensions: 25 x 100
Property and Assessments
  • Assessment - Total: 869100.0
  • Assessment - Improvements: 592300.0
  • Assessment Status: Assessed
  • Special Assessment: No
  • Asmnt - Land: 276800.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Four Family
Utilities
  • Handicap Access: No
  • Fireplace: No
  • Water Heater: Natural Gas
  • Water/Sewer: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Flat
Interior Features
  • # Levels: 3
  • Basement: Full
  • Bedrooms: 11
  • Siding: Brick, Vinyl
Multi Family
Unit 1
  • Unit 1: # Bedrooms: 2
  • Unit 1: # Full Baths: 1
  • Unit 1: Rent: $1,900.00
Unit 2
  • Unit 2: # Bedrooms: 3
  • Unit 2: # Full Baths: 1
  • Unit 2: Rent: $1,652.00
Unit 3
  • Unit 3: # Bedrooms: 3
  • Unit 3: # Full Baths: 1
  • Unit 3: Rent: $2,110.00
Unit 4
  • Unit 4: # Bedrooms - Unit 4: 2
  • Unit 4: # Full Baths - Unit 4: 1
  • Unit 4: Rent: $1,900.00
Income & Expenses Information
  • Income & Expenses: Rent Expense: 16160.0
  • Income & Expenses: Gross Income: 84000.0
  • Landlord Pays: Sewer
  • Tenant Pays: Electricity, Gas

Property History for 505 5th Street

DateEvent & SourcePriceAppreciation
Jan 13, 2026

Listed (Active)

HUDSON_COUNTY #260000478

$825,000
Jan 6, 2026

Listed (Active)

GSMLS #4003664

$825,000
Jan 4, 2026

Price Change

MOMLS #22600277

$825,000
Jan 4, 2026

Listed (Active)

MOMLS #22600277

$525,000
Jul 2, 2025

Temporarily Off Market

GSMLS #3942318

Jun 30, 2025

Expired

HUDSON_COUNTY #250002222

Mar 31, 2025

Price Change

HUDSON_COUNTY #250002222

$874,000
Mar 31, 2025

Price Change

GSMLS #3942318

$874,000
Feb 3, 2025

Listed (Active)

HUDSON_COUNTY #250002222

$899,000
Jan 21, 2025

Price Change

GSMLS #3942318

$899,000
Jan 21, 2025

Listed (Active)

GSMLS #3942318

$874,000
Jan 17, 2025

Temporarily Off Market

MOMLS #22501507

Aug 30, 2024

Temporarily Off Market

GSMLS #3912853

Jul 11, 2024

Listed (Active)

GSMLS #3912853

$899,000
Jul 11, 2024

Temporarily Off Market

MOMLS #22419735

Jan 14, 2020

Listed (Active)

MOMLS #22001775

$799,900
Jan 25, 2019

Sold

HUDSON_COUNTY #180016300

$510,000
Dec 19, 2018

Sold (Public Record)

Public Record #639172561

$510,000

+4.4% / yr

Oct 18, 2018

Under Contract

HUDSON_COUNTY #180016300

Aug 24, 2018

Listed (Active)

HUDSON_COUNTY #180016300

$449,000
Feb 13, 2003

Sold (Public Record)

Public Record #112494775

$257,800
Dec 18, 2002

Sold

HUDSON_COUNTY #107025

$260,000
Dec 6, 2001

Under Contract

HUDSON_COUNTY #107025

Nov 8, 2001

Listed (Active)

HUDSON_COUNTY #107025

$300,000
DateEvent & SourcePrice
01/13/2026

Listed (Active)

HUDSON_COUNTY #260000478

$825,000
01/06/2026

Listed (Active)

GSMLS #4003664

$825,000
01/04/2026

Price Change

MOMLS #22600277

$825,000
01/04/2026

Listed (Active)

MOMLS #22600277

$525,000
07/02/2025

Temporarily Off Market

GSMLS #3942318

06/30/2025

Expired

HUDSON_COUNTY #250002222

03/31/2025

Price Change

HUDSON_COUNTY #250002222

$874,000
03/31/2025

Price Change

GSMLS #3942318

$874,000
02/03/2025

Listed (Active)

HUDSON_COUNTY #250002222

$899,000
01/21/2025

Price Change

GSMLS #3942318

$899,000
01/21/2025

Listed (Active)

GSMLS #3942318

$874,000
01/17/2025

Temporarily Off Market

MOMLS #22501507

08/30/2024

Temporarily Off Market

GSMLS #3912853

07/11/2024

Listed (Active)

GSMLS #3912853

$899,000
07/11/2024

Temporarily Off Market

MOMLS #22419735

01/14/2020

Listed (Active)

MOMLS #22001775

$799,900
01/25/2019

Sold

HUDSON_COUNTY #180016300

$510,000
12/19/2018

Sold (Public Record)

Public Record #639172561

$510,000

+4.4% / yr

10/18/2018

Under Contract

HUDSON_COUNTY #180016300

08/24/2018

Listed (Active)

HUDSON_COUNTY #180016300

$449,000
02/13/2003

Sold (Public Record)

Public Record #112494775

$257,800
12/18/2002

Sold

HUDSON_COUNTY #107025

$260,000
12/06/2001

Under Contract

HUDSON_COUNTY #107025

11/08/2001

Listed (Active)

HUDSON_COUNTY #107025

$300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 505 5th Street

Taxable ValueLand$276,800Additions$592,300Total$869,100
Tax Record2024$15,728 ($1,311 / month)
Home Facts
Beds3Total Finished SqFt3,150 SqFtAbove Grade Finished SqFt3,150 SqFtStories3Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1900CountyHUDSONAPN10 00016-0000-00007

Schools near 505 5th Street

This home is within Union City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 1 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Thomas A. Edison Elementary School
PublicPK to 6

Sara M. Gilmore Academy
Public1 to 8

Emerson Middle School
Public6 to 8

Union City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

505 5th Street is a multi-family home for sale in Union City, NJ 07087. This property was listed for sale on January 5, 2026 by RE/MAX Central, it's currently listed at $825,000. It has been on the market for a total of 35 days and was last sold on January 25, 2019. This listing's school district is Union City School District. Nearby schools include Thomas A. Edison Elementary School, Sara M. Gilmore Academy and Emerson Middle School. 505 5th Street is a 11-bed, 0-bath, 3,150 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Central, Michael Sclafani

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 02/10/2026 01:44 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 02/10/2026 01:44 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.