717 16th St Union City, NJ 07087
Estimated payment $6,196/month
About This Home
Fully income-producing three-unit property in the heart of Union City, offering strong rental appeal and excellent long-term value. 717 16th Street is in great condition and features bright, spacious units with large open floor plan living areas that enhance tenant appeal and support strong rental performance. All three units generate steady income, and with one unit currently month-to-month, the property also provides flexibility for an owner-occupant who wants to live in one unit while collecting rent from the others. The kitchens and baths are well kept with clean, neutral updates, and the bedrooms offer comfortable spaces with solid natural light. A private backyard and on-site parking add to the desirability of the building in this high-density market. Conveniently located near major transportation, shopping, dining, and with quick access to Hoboken, Jersey City, and NYC, the property sits in a high-demand tenant corridor known for consistent occupancy and strong returns. This is an ideal opportunity for investors or buyers seeking a stable asset with income potential and occupancy options.
Listing Agent
SIGNATURE REALTY NJ Brokerage Phone: 908-209-4355 Listed on: 12/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,758
Year Built
- Built in 1898
Lot Details
- 2,614 Sq Ft Lot
Parking
- 1 Parking Space
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Cooling System Mounted In Outer Wall Opening
- Standard Electricity
- Gas Water Heater
Community Details
- Net Operating Income $9,999
Listing and Financial Details
- Assessor Parcel Number 1810-00079-0000-00026-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,759 | $705,200 | $307,500 | $397,700 |
| 2024 | $13,446 | $690,400 | $300,000 | $390,400 |
| 2023 | $13,446 | $174,900 | $95,000 | $79,900 |
| 2022 | $12,962 | $174,900 | $95,000 | $79,900 |
| 2021 | $12,916 | $174,900 | $95,000 | $79,900 |
| 2020 | $12,769 | $174,900 | $95,000 | $79,900 |
| 2019 | $12,423 | $174,900 | $95,000 | $79,900 |
| 2018 | $12,191 | $174,900 | $95,000 | $79,900 |
| 2017 | $12,075 | $174,900 | $95,000 | $79,900 |
| 2016 | $12,051 | $174,900 | $95,000 | $79,900 |
| 2015 | $11,146 | $174,900 | $95,000 | $79,900 |
| 2014 | $10,893 | $154,900 | $95,000 | $59,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | For Sale | $974,900 | +39.3% | -- | |
| 01/30/2020 01/30/20 | Sold | $700,000 | 0.0% | -- | View Prior Sale |
| 11/22/2019 11/22/19 | Pending | -- | -- | -- | |
| 11/22/2019 11/22/19 | For Sale | $700,000 | +21.7% | -- | |
| 12/07/2016 12/07/16 | Sold | $575,000 | -8.0% | -- | View Prior Sale |
| 09/20/2016 09/20/16 | Pending | -- | -- | -- | |
| 09/15/2016 09/15/16 | For Sale | $625,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $700,000 | Old Republic Natl Ttl Ins Co | |
| Deed | $575,000 | The Security Title Guarantee | |
| Administrators Deed | $162,500 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $268,000 | New Conventional | |
| Previous Owner | $412,500 | New Conventional |
Source: Garden State MLS
MLS Number: 4000327
APN: 10-00079-0000-00026
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