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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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913 Summit Ave , Union City, NJ 07087
$1,295,000
Est. Payment: $6,669.28/mo
4 Bed
5 Bath
4290 Sqft
Status: Active | Days on site: 5
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Susan Maryanski
Operator

House Description

Exceptional value-add mixed-use investment opportunity in the heart of Union City! Ideal for a 1031 exchange or owner-occupant, this income-producing property features 4 one-bedroom residential apartments, 2 street-level commercial storefronts (approximately 700 SF each with basement storage), plus a separate rear auxiliary structure with city-approved approvals already in place for an additional residential unit. The residential apartments are primarily occupied by long-term month-to-month tenants, creating immediate upside through future rent increases. The commercial spaces are occupied by established long-term tenants (CBD store & salon) on annual leases that have consistently renewed, providing stable income while allowing for future rental adjustments. The approved rear auxiliary structure has already been gutted and is ready to be completed into a spacious 2-bedroom residence, with potential for a 3-bedroom layout perfect for an owner to occupy while collecting income from the remaining units, or as an additional rental generating an estimated $2,400-$2,700/month. Once completed, projected NOI is approximately $104,500/year with strong upside as rents are brought to market. Recent capital improvements include upgraded electric and gas meters. Separate gas and electric utilities, public water, public sewer, and natural gas with tenants paying their own utilities keep operating expenses low, making this an outstanding investment just minutes from New York City.

Highlights

Listed by NIREN SAKARIA , MP WEICHERT REALTORS , 201-653-8488. Garden State MLS

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1910

County

Hudson

Listing ID

4049641

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:5
  • Full Bathrooms:4
  • 1/2 Bathrooms:2
Air Cond:See Remarks,Window A/C(s)
Fireplaces:
Basement:Full,Unfinished
Other:
  • Additional:See Remarks
Water:Public Water, See Remarks

Exterior Features

Lot:Level Lot
Lot Dimensions:25X98
Zoning:C
Roof:Rubberized
Others:
  • Additional:See Remarks, Vinyl Siding, On-Street Parking
Sewer:Public Sewer, See Remarks
Principal Interest
$6,669
Taxes
$1,178

Home Price

$1,295,000

Loan Details

30 yrs
6.677%

Down Payment

20%
$259,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,669.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,669.28 $1,178.33 $0.00 $7,847.62
Yearly $80,031.38 $14,140.00 $0.00 $94,171.38
Total $2,400,941.47 $424,200.00 $0.00 $2,825,141.47

Today's Rates

30 Year

6.68%

20 Year

6.59%

15 Year

6.04%

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Market insight data is pulled from the same city as the listing being viewed (Union City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-05T12:59:16.000Z

© 2026 Garden State MLS