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About this home
Excellent opportunity to own a well-maintained two-family home in Elizabeth, perfect for an owner-occupant or investor! Each unit offers its own private entrance, providing added privacy and flexibility for multi-generational living or rental income. The home also features a finished basement and finished attic, offering valuable additional living and storage space. A major bonus is the private driveway with off-street parking a highly desirable feature in this area. Conveniently located in a very walkable neighborhood close to shopping, restaurants, schools, public transportation and Elizabeth NJ Transit station, with easy access to major highways and Newark Liberty International Airport. Whether you're looking to live in one unit and rent the other or add a solid multi-family property to your portfolio, 478 Walnut Street offers tremendous potential in a convenient Elizabeth location. Don't miss this opportunity!
Multi-familyProperty Type
1900Year Built
3,484 sq ftLot Size
1 spaceParking
Listed by THOMAS BOROWSKI• HOWARD HANNA RAND REALTY
Keighry Head, located between the Elizabeth River waterfront and the Midtown/Uptown core, is a residential and industrial Elizabeth neighborhood with working piers and low-rise blocks. The neighborhood’s character concentrates around the Port Newark–Elizabeth Marine Terminal gates along Kapkowski Road, where container yards, truck traffic, and harbor infrastructure set the daily rhythm. Building stock leans utilitarian—warehouses, logistics facilities, and older service buildings—punctuated by small pockets of housing on quieter side streets. The landscape reads flat and coastal, with broad roadways and long sightlines toward cranes and stacks. Transit and driving patterns orbit the Turnpike and port approaches, shaping a practical, on-the-move feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Living
Interior features
Finished (partially) basement
8 total rooms
Bedrooms
Unit 1: 1 bedroom
Unit 2: 1 bedroom
Bathrooms
2 full bathrooms (total)
Unit 1: 1 bathroom
Unit 2: 1 bathroom
Kitchen
Eat-in kitchens in each unit
Laundry & utility
Owner pays water for each unit
Tenants pay electric and gas for each unit
Heating & cooling
One heating unit with hot water radiators
Natural gas heating
Exterior features
Vinyl siding
Asphalt shingle roof
Lot size approximately 32,110
Home design
Two-story unit style
Year built listed as approximate
Parking
1 parking space
Driveway one car width
Construction
Vinyl siding construction
Asphalt shingle roof
Utilities
Electric service available
Natural gas service available
Public sewer
Public water
Financial info
Two total units
Net operating income reported as 0
Gross operating income reported as 0
Total operating expenses reported as 0
Other
Assessment building value $259,200
Assessment land value $157,200
Total assessed value $416,400
Tax amount $8,398 (tax year 2025)
Electricity and solar
View estimated energy costs and solar savings for this home