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Two-Unit Duplex with Finished Spaces
For Sale
$570,000

478 Walnut Street, Elizabeth, NJ 07201

Legal duplex with separate entrances, private parking, and distinct finished bonus areas in each residence.

Property SizeContact for details
Days on Market185

Property Features for 478 Walnut Street

General Information

Standard status Active
Property subtype Multi Family / 2-Two Story

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,398

Amenities

Yes
Asphalt Shingle
Finished, Full
Vinyl Siding

Building Details

Year Built 9999
Buildings 1
Listing Agency: DAUNNO REALTY SERVICES LLC
Listed By: JOSEPH SIMONE · License #282988
Source: Compass
Added: Mar 1 Changed: Aug 31 Last Checked: Aug 29 at 5:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DAUNNO REALTY SERVICES LLC

Investment Insights

Based on property information with market context.

This legal duplex contains two independent residences, each arranged with one bedroom and one full bathroom. Separate entrances support distinct household use, while the units include additional finished space in different forms: one has a finished attic and the other offers a finished full basement. The layout provides functional separation within a single residential property.

A driveway provides off-street parking, and the exterior is finished with vinyl siding beneath an asphalt shingle roof. The property is located at 478 Walnut Street in Elizabeth, New Jersey, and is configured for two-family occupancy.

Key Highlights

  • Two legal residential units, each with 1 bedroom and 1 full bathroom
  • Separate entrances provide independent access to each residence
  • Finished attic included with one unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service Tanning Salon Pet Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,748
Businesses Nearby

Demographics for 07201, NJ

29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Legal duplex with separate entrances, private parking, and distinct finished bonus areas in each residence.
Where is this duplex located?
The property is located at 478 Walnut Street Elizabeth, NJ.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Two legal residential units, each with 1 bedroom and 1 full bathroom; Separate entrances provide independent access to each residence; Finished attic included with one unit
More about this property
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