474 Walnut St
Elizabeth City, NJ 07201
Price: $625,000
GSMLS: 4064075Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 5
Baths: 3 Full
Garage: 2-Car
Year Built: 1900
Acres: 0.10
Property Tax: $9,734
Description
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.
General Info
Style:
3-Three Story
SqFt Building:
2,300
Total Rooms:
10
Basement:
Yes - Bilco-Style Door, Unfinished
Interior:
Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
40X110
Lot Desc:
Level Lot
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
On-Street Parking, See Remarks
Spaces Available:
1
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
2
Room Description:
Attic, Kitchen, Living/Dining Room, Master Bedroom
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
Elizabeth
Community Information
County:
Union
Town:
Elizabeth City
Neighborhood:
KEIGHRY HEAD / NORTH
Financial Considerations
List Price:
$625,000
Tax Amount:
$9,734
Land Assessment:
$187,200
Build. Assessment:
$295,400
Total Assessment:
$482,600
Tax Rate:
2.02
Tax Year:
2025
Listing Information
MLS ID:
4064075
List Date:
11-11-2026
Days On Market:
1
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Ethan Gorelick
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
