1489 MORRIS AVE

Union, NJ

$760,000

Commercial

Property Type

Tax Assessment Analysis

Sale Price

$760,000

Total Assessed

$45,000

Sale vs. Assessed

+$715,000 (+1588.9%)

Land Value

$21,300

Building Value

$23,700

Union Market Overview

$575,000

Median Price

444

Total Sales

+0.0%

Year over Year

Active

Market Type

📊 Investment Analysis

$5,320

Est. Monthly Rent

$5,499

Est. Mortgage

6.76% · 20% down

-$179

Monthly Cash Flow

8.4%

Cap Rate

-1.4%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 6.76% interest rate, 20% down payment. For illustrative purposes only.

🏘 Union Neighborhood Guide

Walk Score

Car-Dependent

Min to NYC

With transfer

Union Station

Train Station

Raritan Valley

Neighborhoods in Union

Connecticut Farms $600,000 to $850,000

Best for: Families, history buffs

Battle Hill $500,000 to $700,000

Best for: University-adjacent living

Vauxhall $375,000 to $500,000

Best for: First-time buyers, investors

Five Points $475,000 to $650,000

Best for: Convenience seekers

Union Township is the largest municipality in Union County by population — nearly 60,000 residents representing one of NJ's most diverse communities. Kean University brings academic energy, while Stuyvesant Avenue and Morris Avenue commercial corridors serve as dining and shopping hubs. NJ Transit's...

Explore Union →