$10,000 Closing Credit¹
#240020996, Listing Office: KELLER WILLIAMS VILLAGE SQUARE REALTY
$899,000 List price
505 5th St Union City, NJ 07087
$10,000
Closing credit¹
11 beds
4 full
0.06 acres
Multi-Family
Property details
About 505 5th St
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. Three apartments are large spacious 3 bedrooms, 1-bathroom units. One apartment is 2 bedrooms, 1 bathroom and currently vacant. All tenants are on month-to-month leases. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.06 Acres
Year built1900
ParkingOn-Street Parking
MLS #3942318
Summary
- MLS Number: 3942318
- Office Name: RE/MAX CENTRAL
- Office Phone: (732) 972-1000
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Last updated on: 2/21/2025, 2:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$899,000
505 5th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 17, 2019 | Home Sold | $665,000 |
| Feb 06, 2019 | Home Sold | $510,000 |
| Feb 13, 2003 | Home Sold | $257,800 |
| Nov 17, 1999 | Home Sold | $250,000 |
| Mar 21, 1997 | Home Sold | $148,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $851,100 | $16,160 |
| 2022 | $210,200 | $15,523 |
| 2021 | $210,200 | $15,523 |
History based on county public records data.
Nearby schools
6
Thomas a Edison Elementary School
Public District PK-6
0.1 mi
•507 West St
6
Veterans' Memorial Elementary School
Public District PK-5
0.5 mi
•1401 Central Ave
6
Colin Powell Elementary School
Public District KG-5
0.5 mi
•1500 New York Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,303. Typical income of Union City, NJ residents is less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
67%
<35k
21%
35k-100k
7%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
37%
Single, No Kids
23%
Single, with Kids
18%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
30%
18-34 yrs old
34%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Burlington
Where do the neighbors go to eat?
Little Caesars
Popeyes
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 505 5th St in Union City, NJ and zip code 07087. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $899,000.
In January 2025 more than 5 listings in Union City, NJ were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 8 were sold below. The inventory of homes for sale in Union City, NJ between December and January 2025 increased by 9.6%. Listings spent 40 days on the market in January 2025, and had a median list price of $457,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.