$10,000 Closing Credit¹
Listing Office: KELLER WILLIAMS VILLAGE SQUARE REALTY
$10,000
closing credit¹
505 5th St Union City, NJ 07087
$899,000 List price
$10,000
Closing credit¹
11 beds
4 full
3,150 sqft
0.06 acres
$285 / sqft
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 is fully occupied with 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 four 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. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.
Highlights
Home typeMulti Family
HeatingBaseboard
StatusActive
CoolingOther
Size3,150 sqft
BasementYes
Lot size0.06 Acres
Year built1900
ParkingOn Street, None
MLS #22501507
Summary
- MLS Number: 22501507
- MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
- Office Name: RE/MAX Central
- Listing Agent: Michael Sclafani
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:03 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
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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 |
|---|---|---|
| 2020 | $210,200 | $11,654 |
| 2019 | $200,200 | $14,220 |
| 2018 | $200,200 | $13,953 |
| 2017 | $200,200 | $13,821 |
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. The majority of Union City, NJ residents have income less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
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. This 3,150 square foot home, which was built in 1900, sits on a 0.06 acre lot. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 17, 2025 and is currently priced at $899,000.
In December 2024, from all listings sold in Union City, NJ there were more than 4 sold above asking price, over 5 sold below and more than 4 were sold right at the asked price. The number of listings in Union City, NJ decreased by 8.9% between November and December 2024. In December 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $465,000.
From Rocket Homes Real Estate and based on county public records data.