509 Monastery Pl

Union City, NJ 07087

$949,000
Price
8
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Investor’s Dream in Prime Union City Location! This legal 4-family property with a bonus studio presents an outstanding opportunity for strong rental income and long-term upside in one of Hudson County’s most commuter-friendly neighborhoods. Ideally situated just minutes from NYC via bus or light rail, steps from Bergenline Avenue, and close to parks, shopping, and schools, this property offers exceptional convenience and desirability. The first floor features two units: Unit 1L with 1 bedroom and...Investor’s Dream in Prime Union City Location! This legal 4-family property with a bonus studio presents an outstanding opportunity for strong rental income and long-term upside in one of Hudson County’s most commuter-friendly neighborhoods. Ideally situated just minutes from NYC via bus or light rail, steps from Bergenline Avenue, and close to parks, shopping, and schools, this property offers exceptional convenience and desirability. The first floor features two units: Unit 1L with 1 bedroom and 1 bath, and Unit 1R with 2 bedrooms and 1 bath. The second floor offers Unit 2L with 2 bedrooms and 1 bath, and Unit 2R with 2 bedrooms and 1 bath. ALL TENANTS ARE ON A MONTH to MONTH BASIS, offering flexibility for investors or owner-occupants. Additional highlights include a large empty basement that can be used for storage or customization, currently equipped with a coin-operated washer and dryer, an additional bath, and separate utilities for each unit. Heat and water are paid by the owner. 2 vacant apartments provide immediate upside. Income generating potential of $86,000 a year or more with the basement used as a storage. With low taxes, strong tenant demand, and immediate cash-flow potential, this high-performing asset is ideal for investors or those looking to house-hack in a prime location. Whether expanding your portfolio or securing a reliable income-producing property, this is an opportunity not to be missed.
  1. Listed by DANIELLE GENOVESE • PREMIUMONE REALTY LLC

Property Details for 509 Monastery Place

Architectural Style
Multi-Level
Type Of Parking
None
Geo Subdivision
NJ
Area
Union City
Heating & Cooling
Gas, Radiators
LISTING UPDATED: 02/01/2026 07:09 PM

Property Details for 509 Monastery Place

StatusActive
MLS #250019109
Days on Market140
Taxes$13,528 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type3-4 FAMILY / 4 Family
Year Built-
Lot Size0.06 AC / 2,700 SF
CountyHudson County

Location

Listing Courtesy of PREMIUMONE REALTY LLC, DANIELLE GENOVESE
Add your commute

Building Information for 509 Monastery Place

Stories-Residences-Year Built-Building Size-Lot Size0.06 AC / 2,700 SF

Payment Calculator

$5,753 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,625

Property Taxes

$1,127

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 509 Monastery Place

Summary
Location and General Information
  • Address: 509 MONASTERY PL
  • Address Number: 509
  • Address Search Number: 509
  • Between: New York Ave & 19th St
  • Geo Address Line: 509 Monastery Pl
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Postal Code: 07087
  • Geo Primary City: Union City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 09-16-2025
  • Geo Zoom Level: 16.0
  • Street Name: MONASTERY PL
  • City Name: Union City
  • County Or Parish: Hudson
Taxes and HOA Information
  • LVT Date: 09-16-2025
  • Tax Year: 2023
  • Taxes: $13,528
Property
Lot Information
  • Block: 103
  • Lot: 9
  • Lot Dimensions: 27X100
Property and Assessments
  • Assessed Value: $1,020,000
  • Assessed Value Year: 2024
  • Associated Document Count: 2
  • Charge: Y
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum/Vinyl, Brick
Interior Features
  • Basement Description: Finished
  • Basement Bedrooms: 1
  • Basement Full Baths: 2
  • Fl1 Rooms: 7
  • Fl2 Rooms: 8
  • Fl3 Rooms: 0
  • Fl4 Rooms: 0
  • Floor 1 Bedrooms: 3
  • Floor 1 Full Baths: 2
  • Floor 1 Kitchen: 2
  • Floor 1 Living Rooms: 2
  • Floor 2 Bedrooms: 4
  • Floor 2 Full Baths: 2
  • Floor 2 Kitchens: 2
  • Floor 2 Living Rooms: 2
  • Total Dining Rooms: 0
  • Total Kitchens: 4
  • Total Living Rooms: 4
  • Total Other Rooms: 0
  • Num of Baths: 6
  • Half Baths Total: 0
  • Full Baths Total: 6
  • Num Full Baths: 6
  • Num Half Baths: 0
  • Bedrooms Total: 8

Property History for 509 Monastery Place

DateEvent & SourcePriceAppreciation
Jan 13, 2026

Price Change

HUDSON_COUNTY #250019109

$949,000—
Sep 16, 2025

Listed (Active)

HUDSON_COUNTY #250019109

$1,150,000—
Aug 13, 2025

Off Market

HUDSON_COUNTY #250015372

—
Jul 28, 2025

Listed (Active)

HUDSON_COUNTY #250015372

$1,150,000—
Sep 16, 2004

Sold (Public Record)

Public Record #163409829

$362,500

+15.1% / yr

May 29, 2001

Sold (Public Record)

Public Record #77216329

$227,900—
May 25, 2001

Sold

HUDSON_COUNTY #100448

$227,900—
Feb 27, 2001

Under Contract

HUDSON_COUNTY #100448

—
Feb 24, 2001

Listed (Active)

HUDSON_COUNTY #100448

$219,900—
DateEvent & SourcePrice
01/13/2026

Price Change

HUDSON_COUNTY #250019109

$949,000
09/16/2025

Listed (Active)

HUDSON_COUNTY #250019109

$1,150,000
08/13/2025

Off Market

HUDSON_COUNTY #250015372

—
07/28/2025

Listed (Active)

HUDSON_COUNTY #250015372

$1,150,000
09/16/2004

Sold (Public Record)

Public Record #163409829

$362,500

+15.1% / yr

05/29/2001

Sold (Public Record)

Public Record #77216329

$227,900
05/25/2001

Sold

HUDSON_COUNTY #100448

$227,900
02/27/2001

Under Contract

HUDSON_COUNTY #100448

—
02/24/2001

Listed (Active)

HUDSON_COUNTY #100448

$219,900

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
Veterans Memorial School
Public - PK to 5
Sara M. Gilmore Academy
Public - 1 to 8
Emerson Middle School
Public - 6 to 8
Union City High School
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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More information about 509 Monastery Place, Union City, NJ 07087

509 Monastery Place is a multi-family home for sale in Union City, NJ 07087. This property was listed for sale on September 16, 2025 by PREMIUMONE REALTY LLC, it's currently listed at $949,000. It has been on the market for a total of 140 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, 6-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 PREMIUMONE REALTY LLC, DANIELLE GENOVESE

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