509 Monastery Pl

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Description

Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County’s most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all...Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County’s most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. Income potential as is of approximately $80,000 per year and 6% cap rate with plenty of room for improvement. Additionally there is a back building and large basement complete with another full bath. Currently used as storage, these spaces have tons of potential for future customization. Bring your vision to life with this incredibly flexible investment property in an ideal location.
  1. Listed by Jill Biggs • Coldwell Banker, Hoboken • (973) 495-6038

Property Details for 509 Monastery Place

Style
4 Family
LISTING UPDATED: 03/06/2026 06:20 PM

Property Details for 509 Monastery Place

StatusActive - Active
MLS #26006425
Days on Market64
Taxes$20,000 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS Type3-4 FAMILY
Year Built-
Lot Size-
CountyHudson County

Location

Listing Courtesy of Coldwell Banker, Hoboken, Jill Biggs
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Payment Calculator

$6,194 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,527

Property Taxes

$1,667

HOA Dues

$0

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Property Information for 509 Monastery Place

Summary
Location and General Information
  • Area: Union City
  • Area name: Union City
  • Flood plain: None
  • Street Name: Monastery
  • County Name: HUDSON
  • Status: Active
  • Street Number Numeric: 509
  • Zip Code: 07087
Taxes and HOA Information
  • Other Charges: True
  • Tax: $20,000
Property
Lot Information
  • Year Built: 1900-1939, Build Prior to 1978
Property and Assessments
  • Photo Number: 49
  • CourtAppYN: No
Utilities
  • Heatcool: Gas
Interior and Exterior Features
Interior Features
  • Bedrooms: 8
  • Baths full: 5
  • Baths partial: 0
  • Number of rooms: 22
  • Full Baths Total: 5
  • Num of Baths: 5.0
Exterior Features
  • Exterior: Aluminum/Vinyl, Brick
Agent
Sale and Listing Information
  • Management Phone: (973) 495-6038
  • Search Class: 2to4, 2-4 Family
  • List Price: $899,000.00
  • Listing Date: 03-06-2026
  • Status Date: 03-05-2026
Showing Information
  • Internet Remarks: Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County’s most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. Income potential as is of approximately $80,000 per year and 6% cap rate with plenty of room for improvement. Additionally there is a back building and large basement complete with another full bath. Currently used as storage, these spaces have tons of potential for future customization. Bring your vision to life with this incredibly flexible investment property in an ideal location.

Property History for 509 Monastery Place

DateEvent & SourcePriceAppreciation
Mar 6, 2026

Listed (Active)

HUDSON_COUNTY #260003894

$899,000
Mar 5, 2026

Listed (Active)

NJMLS #26006425

$899,000
Feb 13, 2026

Off Market

HUDSON_COUNTY #250019109

DateEvent & SourcePrice
03/06/2026

Listed (Active)

HUDSON_COUNTY #260003894

$899,000
03/05/2026

Listed (Active)

NJMLS #26006425

$899,000
02/13/2026

Off Market

HUDSON_COUNTY #250019109

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

Public Records for 509 Monastery Place

Taxable ValueLand$300,000Additions$822,000Total$1,122,000
Tax Record2024$18,850 ($1,571 / month)
Home Facts
Total Finished SqFt2,970 SqFtAbove Grade Finished SqFt2,970 SqFtStories2Lot Size2,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1930CountyHUDSONAPN10 00103-0000-00009

Schools near 509 Monastery Place

This home is within Union City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 1 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Veterans Memorial School
PublicPK to 5

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.

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509 Monastery Place is a multi-family home for sale in Union City, NJ 07087. This property was listed for sale on March 6, 2026 by Coldwell Banker, Hoboken, it's currently listed at $899,000. It has been on the market for a total of 64 days and was last sold on September 16, 2004. This listing's school district is Union City School District. Nearby schools include Veterans Memorial School, Sara M. Gilmore Academy and Emerson Middle School. 509 Monastery Place is a 8-bed, 5-bath, multi-family home.

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 Coldwell Banker, Hoboken, Jill Biggs

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: 05/09/2026 10:57 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: 05/09/2026 10:57 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.