Active

$625,000

474 Walnut St, Elizabeth City, NJ 07201

5beds

2,300sqft

$4,162/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$272/sqft

$-- HOA

What's special

Discover this legal 3-family property offering excellent potential for both investors and owner-occupants. Conveniently located in Elizabeth's sought-after North End, this property features separate utilities for all three units, providing added convenience and flexibility. The third-floor studio apartment has been recently updated, while the spacious basement offers generous ceiling height, a separate entrance, and excellent storage potential for the basement. Additional highlights include a detached 2-car garage and parking for 3"4 vehicles, a valuable feature in this area. Can use for rental potential. Ideally situated near NJ Transit, major highways, shopping, dining, and local amenities, with convenient access to New York City. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this property presents an outstanding opportunity in a prime location.

14 hours
167
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

3 Units, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Gas, Gas Water Heater

Features

Bedrooms, Eat-in Kitchen, Living/Dining Room, Eat-In Kitchen, Attic, Kitchen, Master Bedroom
Flooring: Carpet, Vinyl-Linoleum Floors, Wood
Basement: Yes,Bilco-Style Door,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,300
Total interior livable area: 2,300 sqft

Property

Parking

Total spaces: 2
Parking features: On Street, See Remarks, Detached Garage
Garage spaces: 2
Uncovered spaces: 1

Features

Levels: 3-Three Story
Stories: 3
Exterior features: Curbs, Sidewalk
Fencing: Metal Fence,Wood

Lot

Size: 4,356 Square Feet
Dimensions: 40 x 110
Features: Level

Details

Parcel number: 2904002560000000160000
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1900

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
Subdivision: Keighry Head / North End

Location

Region: Elizabeth

Financial & listing details

Price per square foot: $272/sqft
Tax assessed value: $482,600
Annual tax amount: $9,734
Date on market: 11/11/2026
Exclusions: Owners personal items
Total actual rent: 1200
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
11/11/2026	Listed for sale	$625,000-0.6%$272/sqft
Source: GSMLS #4064075 Report a problem
4/4/2026	Listing removed	$629,000$273/sqft
Source: GSMLS #3953820 Report a problem
10/10/2025	Pending sale	$629,000$273/sqft
Source: GSMLS #3953820 Report a problem
3/31/2025	Listed for sale	$629,000-3.2%$273/sqft
Source: GSMLS #3953820 Report a problem
3/20/2025	Listing removed	$650,000$283/sqft
Source: GSMLS #3942614 Report a problem
3/19/2025	Listed for sale	$650,000$283/sqft
Source: GSMLS #3942614 Report a problem
2/20/2025	Listing removed	$650,000$283/sqft
Source: GSMLS #3942614 Report a problem
1/23/2025	Listed for sale	$650,000$283/sqft
Source: GSMLS #3942614 Report a problem