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505 5th St, Union City, NJ 07087

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For Sale

$899,000

11 beds • 4 baths

Estimated Payment

$ 5,937 /mo. †

6.67% APR for 30 yrs.
$15,728 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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. Three apartments are large spacious 3 bedrooms, 1-bathroom units. One apartment is 2 bedrooms, 1 bathroom and currently vacant. All tenants are on month-to-month leases. This property is perfect for investors looking to expand their portfolio with a low-maintenance, high-return assets.
MLS# 3942318

Courtesy Of Rimos International, Inc.`

(732) 972-1000

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Oven - Gas, Range, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    None
  • Exterior Type
    Brick
  • Heating System
    Baseboard
  • Lot Size
    0.06 Acres
  • Rooms
    Basement, Kitchen, Living Room

Map and Directions

Directions to 505 5th St, Union City, NJ 07087

Home seller CENTURY 21 Realty Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty Group

(201) 854-8888
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $4,627
  • Property Taxes
    $1,310
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $5,937

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Thomas A Edison Elementary School

Grades PK-6 Public School

Union City, NJ 07087 0.1 miles
507 west st

888 total students
11:1 Student teacher ratio

School Rating: B-

School Details

Sara M. Gilmore Academy

Grades 1-8 Public School

Union City, NJ 07087 0.6 miles
1700 kerrigan ave

383 total students
16:1 Student teacher ratio

School Rating: A+

School Details

Eugenio Maria De Hostos Center For Early Childhood Education

Grades PK-KG Public School

Union City, NJ 07087 0.9 miles
2200 kennedy blvd

300 total students
8:1 Student teacher ratio

School Details

Union City High School

Grades 9-12 Public School

Union City, NJ 07087 1.1 miles
2500 kennedy blvd

2884 total students
16:1 Student teacher ratio

School Rating: C-

School Details

Jose Marti Stem Academy

Grades 9-12 Public School

Union City, NJ 07087 0.7 miles
1800 summit ave

688 total students
12:1 Student teacher ratio

School Rating: A-

School Details
Other Nearby Schools Distance Type Grades School Rating
Miftaahul Uloom Academy 0.5 miles Private PK-12
Veterans' Memorial Elementary School 0.5 miles Public PK-5 B-
John F Kennedy Elementary School 0.5 miles Public 1-8 D
Colin Powell Elementary School 0.5 miles Public KG-5 B-
Alfred E. Zampella School 0.5 miles Public PK-8 B-
Christa Mcauliffe School 0.6 miles Public PK-8 B-
Wallace Elementary School 0.6 miles Public KG-5 B-
St Francis Academy 0.6 miles Private PK-8
Jersey City Global Charter School 0.6 miles Public KG-8 B+
Tessa International School 0.6 miles Private KG-3
Emerson Middle School 0.7 miles Public 6-8 B
Hoboken Catholic Academy 0.7 miles Private PK-8
Elysian Charter School Of Hoboken 0.7 miles Public KG-8 B
Hoboken High School 0.7 miles Public 9-12 C
Hudson Elementary School 0.7 miles Public PK-3 C
Hoboken Montessori School 0.8 miles Private KG
Joseph F Brandt Elementary School 0.8 miles Public KG-5 B

Miftaahul Uloom Academy

Distance: 0.5 miles

Type Private

Grades: PK-12

Veterans' Memorial Elementary School

Distance: 0.5 miles

Type Public

Grades: PK-5

B-

John F Kennedy Elementary School

Distance: 0.5 miles

Type Public

Grades: 1-8

D

Colin Powell Elementary School

Distance: 0.5 miles

Type Public

Grades: KG-5

B-

Alfred E. Zampella School

Distance: 0.5 miles

Type Public

Grades: PK-8

B-

Christa Mcauliffe School

Distance: 0.6 miles

Type Public

Grades: PK-8

B-

Wallace Elementary School

Distance: 0.6 miles

Type Public

Grades: KG-5

B-

St Francis Academy

Distance: 0.6 miles

Type Private

Grades: PK-8

Jersey City Global Charter School

Distance: 0.6 miles

Type Public

Grades: KG-8

B+

Tessa International School

Distance: 0.6 miles

Type Private

Grades: KG-3

Emerson Middle School

Distance: 0.7 miles

Type Public

Grades: 6-8

B

Hoboken Catholic Academy

Distance: 0.7 miles

Type Private

Grades: PK-8

Elysian Charter School Of Hoboken

Distance: 0.7 miles

Type Public

Grades: KG-8

B

Hoboken High School

Distance: 0.7 miles

Type Public

Grades: 9-12

C

Hudson Elementary School

Distance: 0.7 miles

Type Public

Grades: PK-3

C

Hoboken Montessori School

Distance: 0.8 miles

Type Private

Grades: KG

Joseph F Brandt Elementary School

Distance: 0.8 miles

Type Public

Grades: KG-5

B

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Union City, NJ 07087

Tour the area

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Union City, NJ 07087

This community’s employment is highest in the administrative support and food industries. The area’s overall household expenses are below the national average.

84° July
Hottest Average Month
25° January
Coldest Average Month
23,159 Total Households in Area
-4.7% Increase in population since the year 2010
34.7%
of households
have children
36 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Union City, NJ 07087

Union City, NJ 07087 has a population of 64,909 people in 23,159 households with a median age of 37.8 years old.

-4.7%
Decrease in population
since the year 2010
Population is Trending down
24,299
Total households as of 2010
3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 37.8 years old. The smallest percentage group is 35-44 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Hispanic 82%
Other 46%
White 19%
Asian 4%
Black 3%
Native American 3%
The most prevalent ethnicity is Hispanic at 82%, followed by Other at 46%, White at 19%, and Asian at 4%.

Economics
for Union City, NJ 07087

50,832 /sq mi
Population Density
$52,169 /yr
Median Household Income
$483,900
Median Sales Price
36 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 17.11% of the households.

Transportation to Work

  • Drive 44%
  • Public Transit 39%
  • Walk or Bike 12%
  • Work from Home 5%

Occupancy by Type

Rented 18,557 74%
Owned 4,602 18%
Vacant 1,970 8%

White vs Blue Collar Jobs







White Collar 59%
Blue Collar 41%

Family & Education Facts
for Union City, NJ 07087

37.8 Median Age

Average Household Size

2.8
persons per
household

37.5%

Married Households

Community Population By Education

High School Graduate 32%
Some High School 24%
Bachelors Degree 17%
Some College 13%
Graduate Degree 8%
Associates Degree 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 32.42% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
34.7% of households have children

Weather
for Union City, NJ 07087

The weather for this area ranges from a high of 84° F in July to a low of 25° F in January

84° July
Hottest Average Month
25° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
25°
38°
Feb
26°
40°
Mar
33°
48°
Apr
42°
60°
May
52°
70°
Jun
62°
79°
Jul
67°
84°
Aug
66°
82°
Sep
59°
75°
Oct
48°
65°
Nov
39°
53°
Dec
29°
42°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Union City, NJ 07087!
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Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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