USANJUnion City414 Monastery Pl
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414 Monastery Pl, Union City, NJ

House

For Sale

Listed price in listed location currency (USD).
$899,000

1140

MLS® 26012269

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage 
Taxes $16,980
Days Active 8
Lot Size 
Approx. Age 
MLS® Number 26012269

Property Address: 414 Monastery Pl, Union City, NJ, 07087-4408

Average square foot calculated using Size range provided by listing agent.

Description

414 Monastery Place in Union City, New Jersey offers a rare opportunity to acquire one of the largest development lots in Union City, combined with a four-family asset that provides both in-place income and clear upside. The property is configured with three three-bedroom, one-bath units and one two-bedroom, one-bath unit, offering a strong unit mix that consistently attracts renters in this market. Set on a massive triple lot, the property also delivers an unmatched outdoor space experience for residents, a feature that is exceptionally rare in this area and a meaningful driver of tenant demand and long-term value. Two of the units are currently vacant, allowing a new owner to immediately lease at market rates and significantly increase cash flow from day one. The remaining occupied units are rent stabilized, providing steady baseline income with the potential to grow the overall rent roll over time. This is a true value-add opportunity with the ability to improve income through leasing the vacant units, optimizing rents, and potentially expanding the property to add additional rental units, subject to buyer verification. While condo conversion is currently not permitted in Union City, the property stands out as a strong long-term rental investment with scalability in a supply-constrained market. Located on Monastery Place, the asset benefits from close proximity to New York City transit, consistent rental demand, and ongoing neighborhood growth.
MLS® Number26012269
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
BasementNone
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 13, 2026List Date
$899,000List Price
-End Date
Not Sold YetSold Price

For Rent

Mar 19, 2026List Date
$2,450List Price
  • Commute

Commute

Starting Address
Destination Address
414 Monastery Pl, Union City, NJ

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