313 18TH ST new Save Request In-Person Tour Request Virtual Tour
Union City,NJ 07087
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250023582
Bedrooms 8
Full Baths 3
HOA Fees $3/mo
Annual Tax Amount $11,562
Property Sub-Type 3 Family
Property Description
Investors, your search is over for your next turnkey property. 313 18th st in Union City is a fully occupied, rent-controlled 3-family property offering a stable and turnkey investment opportunity. Unit 1 is a 2 bed/1 bath and units 2 & 3 are 3 bed/1 bath each. Located in Union City, near the Weehawken border and just off Palisade Avenue, the property provides convenient access to Hoboken, the Lincoln Tunnel, and nearby shops and retail. The building generates $7,850 per month in fully registered rental income, with all tenants paying rent on time via ACH. Each unit features in-unit laundry, modern upgrades, and efficient systems. Recent capital improvements totaling over $100,000 include a full basement remodel with new floors, insulation, and a redesigned backyard with drip irrigation, plus a new roof, high-efficiency boiler, and tankless water heater. All three leases are active through mid-2026 to 2027, offering immediate, reliable cash flow with minimal maintenance. With a 7% cap rate, this one won't last.
Location
State NJ
County Hudson
Area Union City
Rooms
Basement Partial Finish
Interior
Heating Hot Air,A/C Wall,Gas
Cooling Hot Air,A/C Wall,Gas
Exterior
Exterior Feature Brick
Parking Features None