40-42 Spillway Dr, Alloway, NJ 08001
Local realty services provided by:Better Homes and Gardens Real Estate Premier
40-42 Spillway Dr,Alloway, NJ 08001
$320,000
- 4 Beds
- 2 Baths
- 1,312 sq. ft.
- Single family
- Active
Listed by:michael lentz
Office:keller williams realty - washington township
MLS#:NJSA2016852
Source:BRIGHTMLS
Price summary
- Price:$320,000
- Price per sq. ft.:$243.9
About this home
Discover the potential of 40-42 Spillway Drive - two separate homes set on a beautiful one-acre lot with mature trees and room to expand. Whether you’re an investor, flipper, or buyer looking for multi-income potential, this property offers an incredible opportunity. The main house (#42) features three bedrooms, one full bath, eat-in kitchen, and a large living room anchored by a decorative brick fireplace. Freshly painted with newer flooring in key areas, it’s clean and move-in ready while leaving plenty of room for value-adding improvements. The home also includes solar panels for energy savings and a full basement that could be finished for additional living. Outside, you’ll find an expansive yard, private setting, and detached storage shed - perfect for tools, equipment, or future projects. Tucked beside the main home, (#40) is a cozy one bedroom bungalow offering a world of opportunity. Whether used as a rental unit, guest house, or extended-family suite, it delivers flexibility and strong income potential. Inside, the home features a comfortable living room, updated kitchen with modern cabinetry, and a full bath. The main-level bedroom provides easy convenience, while the loft area upstairs offers bonus space - perfect for a second bedroom, home office, or studio. With private entrances, separate utilities and two septic systems (shared well), and a quiet setting, this opportunity is ideal for investors looking for multi-unit income or homeowners seeking extra space for guests, hobbies, or short-term rental possibilities. Don’t delay, schedule you private tour of this unique property today! Being Sold STRICTLY as-is, where is- Buyer is responsible for ANY/ALL inspections and certificates for the property. Certificate of Occupancy has been received for both homes-see Bright documents. Multi-Family - MLS# NJSA2016856
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Home facts
- Year built:1934
- Listing ID #:NJSA2016852
- Added:1 day(s) ago
- Updated:October 31, 2025 at 01:44 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,312 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Baseboard - Hot Water, Oil
Structure and exterior
- Year built:1934
- Building area:1,312 sq. ft.
- Lot area:1.05 Acres
Schools
- High school:WOODSTOWN H.S.
- Middle school:ALLOWAY TOWNSHIP SCHOOL
- Elementary school:ALLOWAY TWP. E.S.
Utilities
- Water:Well
- Sewer:On Site Septic
Finances and disclosures
- Price:$320,000
- Price per sq. ft.:$243.9
- Tax amount:$6,137 (2024)
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