Union
515 Elm St
28
Map
$700,000
●
House -
For Sale
515 Elm St
Cranford Twp., NJ 07016
4 Beds
1 Bath,
1
Half Bath
$4,208
Est. Monthly
About This Property
Only 6.375% financing w a 7 year arm....inquire. Welcome to 515 Elm
Street, a charming Colonial situated in one of Cranford's most
desirable neighborhoods.Offering 4 sun-filled bedrooms and 1.5
baths, this move-in-ready property delivers the perfect blend of
cozy comfort and versatile living spaces. The main level invites
you in with a generous living room, a formal dining room perfect
for hosting, a cozy family room, and a main-floor powder room. Up
on the second level, you'll find four light-filled bedrooms
accompanied by a full bath. Bonus 3rd-floor finished space
offers ideal flexibility for a home office, playroom, or guest
retreat. Dedicated off-street parking for 2 cars completes this
low-maintenance property on a peaceful residential street.
Unbeatable location just moments to downtown Cranford's shops,
dining, award-winning schools, and direct NYC transit.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$771
HOA Dues
-
Year Built
1921
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 days ago (GSMLS #4059853)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2026 | Listed by CORCORAN SAWYER SMITH | $700,000 | |
| Listed by CORCORAN SAWYER SMITH | |||
Property Highlights
Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Dishwasher, Refrigerator, Range/Oven-Gas
Flooring Type: Carpet, Wood
Rooms: 9
Basement: Full, Unfinished
Exterior Details
Architectural Style: Colonial
Year Built: 1921
Construction Materials: Aluminum Siding
Lot Size Area: 4356
Lot Size Units: Square Feet
Lot Size Acres: 0.1
Lot Size Square Feet: 4356
Water Source: Public
Financial Details
Tax Assessed Value: $127,600
Tax Annual Amount: $9,248
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Radiant - Hot Water
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Union
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Last Updated: 10 days ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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