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513 Central Ave
Union City, NJ 07087
Multifamily Property For Sale · 6 Units

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EXECUTIVE SUMMARY

Discover a prime investment opportunity in the heart of Union City! This fully-rented six-family property offers stable, reliable income in a thriving community just moments from New York City. Surrounded by major retailers, diverse restaurants, parks, and a vibrant cultural scene, this property sits at the perfect intersection of urban convenience and neighborhood charm.
Union City is known for its vibrant arts, lively community events, and a rich array of culinary experiences that tenants absolutely love. This dynamic atmosphere not only enhances tenant satisfaction but also helps maintain strong occupancy rates.
Do not miss out on this opportunity! For more information or to schedule a tour, please have them contact me directly.

PROPERTY FACTS

Price Per Unit $205,761 CAD
Sale Type Investment
Cap Rate 5.34%
Sale Condition Build to Suit
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.07 AC
Building Size 3,231 SF
Average Occupancy 100%
No. Stories 3
Year Built 1913
Zoning R - Residential

AMENITIES

SITE AMENITIES

  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 $793.16 CAD -
1+1 1 $862.13 CAD -
1+1 1 $1,276 CAD -
2+1 1 $1,052 CAD -
2+1 1 $1,517 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-00021-0000-00008
Land Assessment
$495,983 CAD
Improvements Assessment
$294,834 CAD
Total Assessment
$790,817 CAD
  • Listing ID: 38829446

  • Date on Market: 2025-12-19

  • Last Updated:

  • Address: 513 Central Ave, Union City, NJ 07087

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