Prime investment opportunity in the heart of Elizabeth, NJ! This well-kept two-family home offers comfortable living on both levels, with bright interiors and functional layouts ideal for either owner-occupancy or rental income. The property includes a driveway for convenient off-street parking and a private backyard perfect for outdoor relaxation or entertaining. Centrally located near shopping, restaurants, public transportation, and major highways, this home provides the perfect blend of convenience and strong rental potential. Property is being sold in as-is condition. Buyer is responsible for obtaining the Smoke & CO certificate.
Active
Price cut: $25K (11/11)
$575,000
478 Walnut St, Elizabeth City, NJ 07201
3beds
--sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Bright interiorsFunctional layouts
- 29 days |
- 730 |
- 32 |
Zillow last checked: 8 hours ago
Listing updated: November 19, 2025 at 04:24am
Listed by:
Andrea Alummootil 201-406-8015,
Keller Williams City Views Realty
Source: GSMLS,MLS#: 3997349
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiators - Hot Water, Natural Gas
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: See Remarks
Features
- Bedrooms, Kitchen, Living Room, See Remarks
- Basement: Yes,Finished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 Car Width
- Uncovered spaces: 1
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 32 x 110
Details
- Parcel number: 2904002560000000170000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1900
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
Location
- Region: Elizabeth
Financial & listing details
- Tax assessed value: $416,400
- Annual tax amount: $8,011
- Date on market: 11/11/2025
- Total actual rent: 0
- Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Price change | $575,000-4.2% |
Source:  GSMLS #3997349 Report a problem | ||
| 11/8/2025 | Listed for sale | $600,000+255% |
Source: GSMLS #3982166 Report a problem | ||
| 4/20/2004 | Sold | $169,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,012 | $416,400 +1403.2% |
| 2023 | -- | $27,700 |
| 2022 | $8,470 +104% | $27,700 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,936/mo
Principal & interest
$2753
Property taxes
$982
Home insurance
$201
Climate risks
Neighborhood: Keighry Head
Nearby schools
GreatSchools rating
- 3/10Number 6, Marquis Delafayette Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 8/10Elizabeth High SchoolGrades: 9-12Distance: 0.6 mi
- 4/10T Jefferson Arts AcademyGrades: 9-12Distance: 0.6 mi
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