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689 Gates Ter, Union, NJ, 07083

7beds
3baths
19,998sqft
$975,000
$49price/sqft
$9,031/moest. monthly cost
$361,240/yrincome needed

About This Home

Exceptional Two-Family Home in Prime Union Township Location! The first unit combine ground floor and first floor featuring 2 Living rooms, open concept dining room 2 brand new kitchens, plus total of 4 bedrooms, 2 full baths, laundry, hardwood floor, Windows AC. On Second floor a spacious living room, formal dining room, stunning open concept kitchen plus 3 bedrooms, 1 full bath, hardwood floors, laundry and central HVAC. Numerous updates throughout make this an excellent opportunity for both owner-occupants and investors seeking a move-in-ready multi-family property in a highly desirable location. New Roof 2025. Experience A rare opportunity to own multi floors home in an unbeatable location. Beautifully maintained and ideally situated quick access to GS Parkway, Route 22, 5 min from Kean University. Excellent commute to NYC, bus, train, and or quick access to major highways, shopping, restaurants, and great schools. This property has a lot to offer. It is must see. Potential great income producer due to the property conditions and location.MULTIPLE OFFERS HIGH AND BEST OFFERS DUE TUESDAY 08/04/2026 AT 5 PM

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

5/10
7/10
Kawameeh Middle SchoolGrades 5-81.2 mi
3/10
Union Senior High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1959

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range/Oven - Gas,Refrigerator,Dryer,Microwave Oven,Washer,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Walk-In Closet(s),Bedrooms,Dining Room,Eat-in Kitchen,Living Room,Rec Room,Eat-In Kitchen,Ceiling Fan(s)
  • Flooring: Tile,Wood

Heating

  • Heating features: 1 Unit,Baseboard - Hotwater,Electric,Natural Gas

Interior Area

  • Total structure area: 19,998
  • Total interior livable area: 19,998 sqft

Property

Details

  • Parcel number: 2919004050000000330000
  • Exclusions: All personal property

Features

  • Levels: Two,3-Three Story
  • Stories: 2

Lot

  • Lot size: 6,534 sqft
  • Features: Level
  • Lot size dimensions: 64.09 x 100

Parking

  • Total spaces: 4
  • Parking features: Asphalt,Built-In Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Earthquake
Heat Wave
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,930$59,160
Home Insurance *$248$2,976
Property Taxes $1,649$19,788
Electricity $2,204$26,453
Total$9,031$108,372
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$309,634/yr
40% on housing$270,930/yr
45% on housing$240,826/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$49This listing

vs Other Active Listings

Avg $/sqft

ZIP 07083$332
Union County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 07083$397
Union County$416

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-14Pending sale$975,000
2026-07-23Listed for sale$975,000
2014-09-21Listing removed$1,600
2014-09-10Listed for rent$1,600
2009-03-05Sold$420,000
2009-01-04Listed for sale$450,000
2008-10-27Sold$333,000
2008-10-23Listed for sale$469,000

For Sale by Agent

AgentAna De Figueiredo
BrokerageSignature Realty Nj

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