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464 Walnut St, Elizabeth, NJ, 07201

8beds
5baths
19,998sqft
$959,000
$48price/sqft
$9,071/moest. monthly cost
$362,840/yrincome needed

About This Home

Come and see this beautifully renovated 2-Family home in the heart of Elizabeth City downtown, offering modern finishes, spacious layout and double decks in the rear of the house. Everything in this house is new and perfect for investors or owner occupants looking to generate rental income. This spacious multifamily home features 8 bedrooms, 5 full bathrooms and laundry spaces for tenants in the basement. Inside you will find open concept living/dinning/kitchen, spacious bedrooms, plenty of closets and new hardwood floors throughout.

Getting Around

89
WalkingVery Walkable
60
TransitGood Transit
53
BikeBikeable

Schools

8/10
Elizabeth High SchoolGrades 9-120.6 mi
4/10
T Jefferson Arts AcademyGrades 9-120.6 mi

Construction

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle,Composition Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Walk-In Closet(s),Bedrooms,Dining Room,Eat-in Kitchen,Living/Dining Room,Master Bedroom,Utility Room,Eat-In Kitchen
  • Flooring: Wood

Heating & Cooling

  • Heating features: 3 Units,Forced Air,Natural Gas
  • Cooling features: 3 Units,Central Air

Interior Area

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

Property

Details

  • Parcel number: 2904002560000000130000

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Patio & porch: Deck
  • Exterior features: Sidewalk
  • Fencing: Partial

Lot

  • Lot size: 0.26 Acres
  • Features: Level
  • Lot size dimensions: 42 83 x 135

Parking

  • Total spaces: 7
  • Parking features: 1 Car Width,Dirt,Gravel,Off Street
  • Uncovered spaces: 7

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

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

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

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 $4,849$58,188
Home Insurance *$396$4,752
Property Taxes $1,622$19,464
Electricity $2,204$26,453
Total$9,071$108,852
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$311,005/yr
40% on housing$272,130/yr
45% on housing$241,893/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

$48This listing

vs Other Active Listings

Avg $/sqft

ZIP 07201$318
Union County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 07201$340
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)

Price History

DateEventPrice
2026-04-21Price change$959,000
2026-03-27Listed for sale$869,000

For Sale by Agent

AgentLinus C. Korieocha
BrokerageW. Chery Real Estate, Inc.

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