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518 9th St 4 Unit Apartment Building $915,000 ($228,750/Unit) 5.79% Cap Rate Union City, NJ 07087
Investment Highlights
- Access & Connectivity
- Desirable Brick Construction
- Quality of Life Amenities
- Area Amenitities & Demand Drivers
- Strong Rental Demographics & Demand
- Separately Metered Utilities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 518 9th Street in Union City, NJ (the “Property”). The two-story brick building contains one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units. The Property is situated upon a 0.05-acre parcel and has on-street parking.
518 9th Street is well-positioned in Union City, offering convenient access to the city’s central commercial corridors, neighborhood retail, and surrounding residential communities. The Property benefits from strong connectivity to major regional routes including Bergenline Avenue and Kennedy Boulevard, with close proximity to Route 495 and the New Jersey Turnpike, providing efficient access throughout Hudson County, New York City, and the broader Northern New Jersey region.
518 9th Street is well-positioned in Union City, offering convenient access to the city’s central commercial corridors, neighborhood retail, and surrounding residential communities. The Property benefits from strong connectivity to major regional routes including Bergenline Avenue and Kennedy Boulevard, with close proximity to Route 495 and the New Jersey Turnpike, providing efficient access throughout Hudson County, New York City, and the broader Northern New Jersey region.
Property Facts
| Price | $915,000 | Apartment Style | Low-Rise |
| Price Per Unit | $228,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.79% | Building Size | 2,064 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1902 |
| Zoning | R | ||
| Price | $915,000 |
| Price Per Unit | $228,750 |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,064 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1902 |
| Zoning | R |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Fairly bikeable
50/100
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