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. Two apartments are large spacious 3 bedrooms, 1-bathroom units, the other two apartments are 2 bedrooms, 1 bathroom. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.
Active
Price cut: $999 (4/1)
$874,000
505 5th St, Union City, NJ 07087
11beds
4,400sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$199/sqft
$-- HOA
What's special
Updated amenitiesUpdated kitchens
- 135 days
- on Zillow |
- 686 |
- 49 |
Zillow last checked: 8 hours ago
Listing updated: May 21, 2025 at 02:32am
Listed by:
Michael Sclafani 732-972-1000,
Re/Max Central
Source: GSMLS,MLS#: 3942318

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard - Hotwater, Natural Gas
Appliances
- Included: Range/Oven - Gas, Refrigerator, Gas Water Heater
Features
- Bedrooms, Kitchen, Living Room
- Basement: Yes,Full,Unfinished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 4,400
- Total interior livable area: 4,400 sqft
Property
Parking
- Parking features: On Street
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 1810000160000000070000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Flat
Condition
- Year built: 1900
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
Location
- Region: Union City
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $851,100
- Annual tax amount: $15,728
- Date on market: 1/21/2025
- Total actual rent: 7480
- Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
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