244 ROUTE 40 E, Newfield, NJ 08344
244 ROUTE 40 E, Newfield, NJ 08344
244 ROUTE 40 E, Newfield, NJ 08344
244 ROUTE 40 E, Newfield, NJ 08344
244 ROUTE 40 E, Newfield, NJ 08344
244 ROUTE 40 E, Newfield, NJ 08344
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Listed by Warren COLLINS • Weichert Realtors-Mullica Hill
$ 695,000
Est. payment | /mo

2,234 SqFt


Save
$ 695,000
Est. payment | /mo
Save

2,234 SqFt

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,234 sqft

Price per Sqft $311

MLS Listing ID NJSA2018678

Style Ranch/Rambler

Abv Grd Liv Area 2,234

Year Built 1999

Annual Tax Amount $7,435

Tax Year 2025

Lot Size 3.900 Acres

Acres 3.9

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Investment Opportunity in Upper Pittsgrove – Income-Producing Duplex on 3.9 Acres with Route 40 Frontage
Well-maintained duplex situated on a spacious 3.9-acre lot with excellent frontage along Route 40 in Upper Pittsgrove. This income-producing property features two residential units plus a separately rented 4-car garage, creating multiple revenue streams.
Unit 1 offers 2 bedrooms and 1 full bath and was updated in 2024. Unit 2 features 3 bedrooms and 1 full bath and underwent recent upgrades in 2025. Both units are equipped with central air conditioning and ceiling fans in every room for year-round comfort. Tenants are responsible for their own gas and electric utilities, helping to minimize owner expenses.
The property also includes a detached 4-car garage that is rented separately, providing additional income potential. A new septic system will be installed prior to settlement, offering added value and peace of mind for the new owner.
The expansive 3.9-acre parcel features a blacktop parking area and outstanding visibility along Route 40. With its prime location and road frontage, there may be potential to pursue a variance for commercial use (buyer to perform their own due diligence with local zoning authorities).
Whether you're looking to expand your investment portfolio, generate strong rental income, or explore future development opportunities, this versatile property offers exceptional potential in a highly visible location.

Location

State NJ

County Salem

Area Upper Pittsgrove Twp (21714)

Zoning RESIDENTIAL

Rooms

Basement Connecting Stairway

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Ceramic Tile, Luxury Vinyl Plank, Partially Carpeted

Inclusions 2 STOVES, 2 WASHERS, 2 DRYERS, 2 REFRIGERATORS

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Utilities Available Natural Gas Available, Electric Available, Cable TV

Water Access N

Roof Type Architectural Shingle,Pitched,Shingle

Accessibility 2+ Access Exits

Total Parking Spaces 5

Garage N

Building

Foundation Block

Above Ground Finished SqFt 2234

Sewer Cess Pool

Water Private

Architectural Style Ranch/Rambler

Additional Building Above Grade

Structure Type Dry Wall,Paneled Walls

New Construction N

Schools

Elementary Schools Upper Pittsgrove

Middle Schools Upper Pittsgrove M.S.

High Schools Woodstown H.S.

School District Upper Pittsgrove Township Public Schools

Others

Tax ID 14-00005-0051

Ownership Fee Simple

SqFt Source 2234

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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