478 Walnut St, Elizabeth, NJ, 07201
About This Home
Discover this well-maintained legal two-family home offering excellent income potential and versatile living space. Each unit features one bedroom, one full bath, and an additional finished bonus area?one with a thoughtfully finished attic providing extra usable square footage, and the other with a finished basement for added convenience and flexibility. Both units boast separate entrances and layouts designed for comfortable, independent living. The property includes a practical off-street driveway for convenient parking. With its solid construction, functional design, and dual-unit configuration, this home presents a tremendous opportunity for owner-occupancy or investment. Don't miss this appealing multi-family schedule a appointment today.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: See Remarks
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Bedrooms,Family Room,Kitchen,Attic,Living Room
Heating & Cooling
- Heating features: 2 Units,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 2904002560000000170000
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 3,484 sqft
- Lot size dimensions: 32 x 110
Parking
- Total spaces: 1
- Parking features: 1 Car Width,Off Street,On Street
- Uncovered spaces: 1
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
- Strong Wind
- Winter Weather
- Cold Wave
- Heat Wave
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,882 | $34,584 |
| Home Insurance * | $235 | $2,820 |
| Property Taxes | $703 | $8,436 |
| Electricity | $193 | $2,318 |
| Total | $4,013 | $48,156 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-06 | Listed for sale | $570,000 |
| 2026-01-08 | Listing removed | $575,000 |
| 2025-11-11 | Price change | $575,000 |
| 2025-11-08 | Listed for sale | $600,000 |
| 2004-04-20 | Sold | $169,000 |
For Sale by Agent
View on Zillow