Skip to content

913 Summit AveUnion City, NJ 07087

Hudson County

$1,295,000List price
9,999Sq Ft
1910Year built
0.06Acre lot
4 weeks agoOn market

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.

Property Information

Property type
Commercial Sale
Sub-type
Mixed Use
Year built
1910
Building area
9,999 Sq Ft
Lot size
0.06 acres
Ownership
Fee Simple
Days on market
34
MLS® Listing#
4049643

Property Features

Cooling
Window Unit(s)
Heating
Electric · Natural Gas · Hot Water · Radiant
Basement
Full · Unfinished
Parking
On Street
Lot features
Level
Construction
Vinyl Siding
Roof
Rubber
Utilities
Natural Gas Available · Underground Utilities
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$14,140Tax year 2025
Assessed value
$794,900
Parcel number
1810-00043-0000-00019-0000-

Directions

Paterson Plank Road to Summit Ave

Listing Courtesy: WEICHERT REALTORS - 2016538488

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. This information is being provided 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. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. Information deemed reliable but not guaranteed. Copyright ©2026 Garden State Multiple Listing Service, L.L.C. All Rights Reserved.

Connect with a Local Real Estate Expert

  • Marcel Okoro

    Sales Representative

    EXIT Realty Lucky Associates

  • Adelana Fawole

    Sales Representative

    EXIT Realty Lucky Associates

  • Luis Nogueira

    Franchisee, Broker of Record

    EXIT Realty Lucky Associates

  • Stephanie Couto

    Sales Representative

    EXIT Realty Lucky Associates

  • Mari Simao

    Sales Representative

    EXIT Realty Lucky Associates