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Description

This 100% free-market investment opportunity is ideally positioned at the intersection of Union Avenue and Jackson Street. The property has recently undergone a comprehensive gut renovation, delivering high-end, condo-quality finishes throughout. Each residence is thoughtfully outfitted with modern amenities, including in-unit washer and dryer, dishwasher, split-system heating and cooling, flat-screen televisions, and fully electric systems with individual water heaters—there is no gas service in the building. Major capital improvements completed approximately 1.5 years ago include a new roof, waterproofing, and brick repointing. The building consists of five units, featuring a spacious five-bedroom duplex on the first floor with exclusive access to a private backyard, along with four well-designed two-bedroom apartments on the upper floors. Conveniently located within walking distance to the G and L subway lines, this turnkey asset offers strong rental appeal and long-term income potential.

Listing Details

  • Cap Rate

    6.3%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Sale Type

    Investment Sale

  • Date Listed

    2/23/2026

Property Specifics

  • Property Name

    520 Union Ave

  • Property Class

    C

  • No of Buildings

    1

  • No of Stories

    3

  • No of Units

    5

  • Year Built

    1928

  • Building Size

    4,500 SF

  • Lot Size

    0.04 Ac

  • Year Renovated

    2012

  • APN

    02741-0001

  • Zoning

    M1-2/R6A MX-8

  • Occupancy

    100%

Property Amenities

Unit Amenities

Kitchen
Microwave
Refrigerator
Washer/Dryer or Laundry Services

Location Amenities

Airport
Commuter Rail
Metro/Subway
Public Transportation