6 Unit Multi-family | $53,964 N.O.I | Renovated Interior

2803-2805 Palisade Avenue, Union City, NJ 07087

  • For Sale $949,000
  • Property Type Multi-Family
  • Property Size 5,400 SF
  • Units 6
  • Lot Size 0.07 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1913
  • Year Renovated 2015
  • Date Updated Oct 22, 2024
Union City is a city in the northern part of Hudson County, in the U.S. state of New Jersey. As of the 2020 United States census, the city was the state's 18th-most-populous municipality, with a population of 68,589, an increase of 2,134 (+3.2%) from the 2010 census count of 66,455, which in turn had reflected a decline of 633 (−0.9%) from the 67,088 counted in the 2000 census. As of the 2010 Census, among cities with a population of more than 50,000, it was the most densely populated city in the United States,[a] with a density of 54,138 per square mile of land. The Census Bureau's Population Estimates Program calculated that the city's population was 65,366 in 2022, ranking the city the 590th-most-populous in the country. Union City was incorporated as a city by an act of the New Jersey Legislature on June 1, 1925, with the merger of Union Hill and West Hoboken Township. Two major waves of immigration, first of German speakers and then of Spanish speakers, greatly influenced the development and character of Union City. Its two nicknames, "Embroidery Capital of the United States" and "Havana on the Hudson", reflect important aspects of that history. Thousands visit Union City each year to see the nation's longest-running passion play. Union City is where Mallomars were first sold and the site of the first lunch wagon, built by Jerry and Daniel O'Mahoney and John Hanf, which helped spark New Jersey's golden age of diner manufacturing, for which the state is colloquially referred to by author Richard J.S. Gutman as the "diner capital of the world".The Elia Realty Group (ERG) and Ryan Cooper powered by KW Commercial, are proud to present an exciting new opportunity to own this (x6) unit income producing investment sale. Explore the potential of this exceptional 6-unit multi-family investment property nestled in the heart of Union City, NJ. Ideal for new entrants into the market or seasoned investors with a diverse portfolio, this property promises both immediate returns and long-term appreciation. Investment Highlights: Diverse Unit Mix: Catering to varied tenant needs with a well-balanced assortment of 1, 2, and 3-bedroom units. Proximity to Urban Amenities: Enjoy the convenience of nearby shopping, dining, and public transportation options. Proven Track Record: A lucrative investment with a history of stable rental income. Ideal for: New Investors: A perfect entry point into the lucrative multi-family real estate market. Seasoned Investors: A strategic addition to a portfolio seeking stable returns and future appreciation.

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Highlights

  • - 5,400 SF building with 6 units
  • - Renovated in 2015, maintaining historic charm
  • - Zoned R-4C, suitable for multifamily investment
  • - 100% occupancy, stable rental income
  • - Well-maintained low-rise/garden-style property
  • - Desirable Northern NJ location
  • - Strong potential for "add value" investment strategy
  • - Consistent annual rental increases of 3%
  • - Ideal for long-term investment and income generation
  • - Charming, vintage appeal with modern amenities

Contacts

broker

Bruce Elia Jr.

KW Commercial | Bruce Elia Jr. | Fort Lee

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise
  • Transit Score ®

    92/100 Rider's Paradise
  • Bike Score ®

    50/100 Bikeable
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  • City Union City, NJ
  • Neighborhood Union City
  • Zip Code 07087
  • Market New Jersey

Points of Interest

  • Holiday Taxi

    0.62 miles

  • Port Imperial

    1.07 miles

  • PATH Elevator

    2.34 miles

  • Hoboken

    2.35 miles

  • Hoboken Terminal

    2.45 miles

  • Secaucus Junction

    2.54 miles

  • Grove Street PATH Trains

    3.52 miles

  • Grove Street

    3.53 miles

  • Grove Street (PATH)

    3.54 miles

  • Exchange Place

    3.65 miles

  • Speedway

    0.40 miles

  • Exxon

    0.42 miles

  • Tesla Supercharger

    0.53 miles

  • Delta

    0.91 miles

  • BP

    1.06 miles

  • Blue Star

    1.09 miles

  • Union City Post Office

    0.06 miles

  • Walgreens

    0.25 miles

  • Weehawken Public Library

    0.28 miles

  • Hudson Korean Presbyterian Church Parking Lot

    0.50 miles

  • Port Authority of New York and New Jersey

    0.52 miles

  • Jose Marti Field and Recreational Grounds Parking Lot

    0.53 miles

  • Leber Funeral Home Parking

    0.64 miles

  • North Bergen Park & Ride

    0.95 miles

  • North Lot

    1.12 miles

  • Harry Bain Elementary School Parking Lot

    1.24 miles

  • Super 8 North Bergen

    0.64 miles

  • Best Western

    0.65 miles

  • Fountain Motel

    0.69 miles

  • Days Hotel

    0.71 miles

  • Meadowlands View

    0.72 miles

  • Sheraton Lincoln Harbor

    0.77 miles

  • Howard Johnson by Wyndham North Bergen

    1.04 miles

  • EnVue

    1.04 miles

  • Residence Inn

    1.07 miles

  • Quality Suites Nyc Gateway

    1.08 miles

  • Dunkin' Donuts

    0.06 miles

  • No. 1 Chinese

    0.14 miles

  • Cemitas Puebla

    0.28 miles

  • Burger King

    0.31 miles

  • Bagels on Park

    0.34 miles

  • P & L Grill & Diner

    0.40 miles

  • Garbanzo Grill

    0.41 miles

  • Popeyes

    0.44 miles

  • Taco Bell

    0.45 miles

  • McDonald's

    0.46 miles

  • Daniel Webster Number 2 Elementary School

    0.05 miles

  • Yeshiva School

    0.18 miles

  • Jefferson Elementary School

    0.23 miles

  • Robert Waters Elementary School

    0.30 miles

  • Holy Family School

    0.34 miles

  • Union City High School

    0.42 miles

  • Union Hill High School

    0.43 miles

  • Washington School

    0.47 miles

  • Saint Augustine's School

    0.48 miles

  • Emerson High School

    0.48 miles

  • Lolipop Learning Center

    0.92 miles

  • North Hudson Community Action

    1.17 miles

  • Hoboken Children's Academy II

    1.27 miles

  • Bright Horizons

    1.35 miles

  • Apple Montessori

    1.41 miles

  • Harmony Childcare Center

    1.46 miles

  • Kidz City

    1.53 miles

  • Little Bee Learning Studio

    1.94 miles

  • Apple Montessori Schools

    2.13 miles

  • Cresthill Academy

    2.17 miles

Frequently Asked Questions

How much does 6 Unit Multi-family | $53,964 N.O.I | Renovated Interior cost?

The space currently listed for sale at 6 Unit Multi-family | $53,964 N.O.I | Renovated Interior asks for $949,000.

What is the total square footage of 6 Unit Multi-family | $53,964 N.O.I | Renovated Interior?

6 Unit Multi-family | $53,964 N.O.I | Renovated Interior totals 5,400 square feet.

When was this property built?

6 Unit Multi-family | $53,964 N.O.I | Renovated Interior was built in 1913.

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Contact Listing Broker

broker

Bruce Elia Jr.

KW Commercial | Bruce Elia Jr. | Fort Lee