#250013353, Listing office: ACCESS HOMES REALTY
Property details
About 509 Monastery Pl
Investor’s Dream in Prime Union City Location!This 4-family property with a bonus studio offers excellent rental income (all below market rent with mth to mth leases) and long-term upside in one of Hudson County’s most commuter-friendly neighborhoods—just minutes to NYC via bus or light rail, Steps from Bergenline Ave, and close to parks, shopping, and schools. The first floor features Unit 1L: 1 bedroom, 1 bath, approx rental at $1,500/month will be delivered Vacant, Unit 1R: 2 bedrooms, 1 bath, rented at $1,250/month. The second floor offers Unit 2L: 2 bedrooms, 1 bath, rented for $1,400/month, and Unit 2R: 2 bedrooms, 1 bath, rented at $1,200/month. In the rear, a bonus studio with private entrance includes 1 bedroom and 1 bath. Additional features include a shared laundry area in the basement, a bath and separate utilities for each unit, Heat & Water paid by the owner. With low taxes and strong tenant demand, this is a high-performing asset generating immediate cash flow. Whether you're house-hacking or expanding your investment portfolio, this opportunity is not to be missed!
Highlights
Home typeQuadruplex
HeatingNatural Gas
StatusActive
(ACTIVE)
(ACTIVE)
BasementYes
MLS #250015372
Summary
- Full Bathrooms: 6
- Basement: Yes
- Total Bedroom Count: 8
- Architectural Style: Multi-Level
- Heating: Natural Gas
- List Price: $1,150,000
- Annual Tax Amount: $13,528
- Tax Year: 2024
- MLS Number: 250015372
- MLS Name: HudsonCountyNJ
- Office Name: PREMIUMONE REALTY LLC
- Office Phone: (908) 445-5546
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2025 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). 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: 8/4/2025, 4:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 30, 2004 | Home Sold | $362,500 |
| May 29, 2001 | Home Sold | $227,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,020,000 | $13,528 |
| 2022 | $182,300 | $12,968 |
| 2021 | $182,300 | $12,968 |
| 2020 | $182,300 | $12,948 |
| 2019 | $182,300 | $12,706 |
History based on county public records data.
Nearby schools
6
Colin Powell Elementary School
Public District KG-5
0.2 mi
•1500 New York Ave
5
Hudson Elementary School
Public District PK-3
0.3 mi
•167 19th St
6
Veterans' Memorial Elementary School
Public District PK-5
0.3 mi
•1401 Central 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 $56,944. Typical income of Union City, NJ residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
19%
<35k
66%
35k-100k
9%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
40%
Single, No Kids
23%
Single, with Kids
16%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
31%
18-34 yrs old
37%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 509 Monastery Pl
The listing price of 509 Monastery Pl property is $1,150,000.
The property 509 Monastery Pl is a multi located in Union City, New Jersey, 07087.
Active Listing: 509 Monastery Pl is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 509 Monastery Pl are: Colin Powell Elementary School (GreatSchools Rating 6/10), Hudson Elementary School (GreatSchools Rating 5/10), Veterans' Memorial Elementary School (GreatSchools Rating 6/10), Emerson Middle School (GreatSchools Rating 6/10), Sara M. Gilmore Academy (GreatSchools Rating 10/10), John F Kennedy Elementary School (GreatSchools Rating 3/10), Jose Marti STEM Academy (GreatSchools Rating 8/10), Union City High School (GreatSchools Rating 3/10), Weehawken High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $13,528 (source: MLS/based on county public records data).
The last sale was on September 30, 2004 for $362,500 (source: MLS/tax record).
This home is located at 509 Monastery Pl in Union City, NJ and zip code 07087. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 28, 2025 and is currently priced at $1,150,000.
Union City, NJ housing market in July 2025 saw over 9 listings sold above listed price, more than 9 sold at listed price and over 6 sold below. The number of homes for sale in Union City, NJ increased by 14.7% between June and July 2025. In July 2025, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $485,000.
From Rocket Homes Real Estate and based on county public records data.