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40-42 Spillway Drive

ALLOWAY, NJ 08001
  • $320,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: NJSA2016856
UPDATED: 23 min ago
$320,000
  • 0
    BEDS
  • 1.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,312
    SQFT
  • $244
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1934
County:

School Information

Elementary School:
Middle School:
High School:

Description

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 youre 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, its 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, youll 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, 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. Dont 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.

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Julie Robinson and Mark Smith Associates | RE/MAX Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-11-11T19:52:39.387.
www.julieandmarkhomes.com/homes/169396291
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40-42 Spillway Drive ALLOWAY, NJ 08001

  • Price: $320,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 23 min ago
  • ID#: NJSA2016856
0
Beds
0
Baths
0
½ Baths
1.05
Acres
1,312
SQFT
$244
$/SQFT
1934
Built
Neighborhood:
Paradise Lakes
County:
Salem
Area:
Alloway Twp (21701)
Elementary School:
Alloway Twp. E.S.
Middle School:
Alloway Township School
High School:
Woodstown H.S.
School District:
Alloway Township Public Schools
Property Description
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 youre 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, its 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, youll 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, 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. Dont 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.
Exterior Features

Architectural Style BungalowRanch/Rambler Construction Materials Frame Garage YN No Lot Features Backs to Trees Other Structures Shed Parking Features Asphalt DrivewayShared Driveway Parking Types Driveway Patio And Porch Features Porch(es) Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1312 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Exclusions Tenants possessions Fireplace YN Yes Fireplaces Total 1 Heating Baseboard - Hot Water Heating YN Yes Inclusions Refrigerator (1)Microwave (1)Range (2)Washer (1)Dryer (1)Window A/C Interior Features Bathroom - Tub ShowerBuilt-InsCarpetCeiling Fan(s)Combination Kitchen/DiningEntry Level BedroomKitchen - Eat-InKitchen - Table SpaceWater Treat System Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventionalUSDAVAFHA Accessibility Features None Central Air YN No Cooling Fuel Electric Foundation Details Block Green Energy Generation PV Solar Array(s) Leased Heating Fuel Oil Hot Water Electric Municipality ALLOWAY TWP Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 2 Number Of Units Vacant 1 Original MLSNumber 804277961990 Owner Pays Common Area MaintenanceTaxes - Real Estate Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer On Site Septic Structure Design Type Detached Tax Annual Amount 6137.00 Tax Lot 00002 Vacation Rental YN No Water Source Well Zoning RESIDENTIAL

Listing courtesy of Keller Williams Realty - Washington Township: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Julie Robinson and Mark Smith Associates | RE/MAX Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-11-11T19:52:39.387.
 
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