$494,999
 $2,657 est/mo Sourced by Back At You

244 Route 40 E,NEWFIELD, NJ 08344

NEWFIELD, NJ 08344

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Description

GREAT INVESTMENT OPPORTUNITY, IN UPPER PITTSGROVE - EXCELLANT INCOME-PRODUCING Duplex, on 3.9 Acres with Route 40 FrontageWell-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. WELL, MAINTAINED!Unit 1 offers 2 bedrooms and 1 full bath and was updated in 2024. Unit 2 features 3 bedrooms and 1 full bath, and BASEMENT 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. NEW SEPTIC BEING INSTALLED.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.

Details

MLS #NJSA2018678
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1999
Days On Site146
Listing Provided ByWeichert Realtors-Mullica Hill | Warren B COLLINS I

Features

SQ Feet2,234
BasementY
Story(s)2
Units2
ZoningRESIDENTIAL
Acreage3.90

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingCentral

Exterior

RoofArchitectural Shingle, Pitched, Shingle
Construction MaterialsAluminum Siding, Brick, Brick Front, Vinyl Siding
Foundation DetailsBlock

Parking

Garage Yes / NoNo
Parking FeaturesAsphalt Driveway

Utilities

UtilitiesNatural Gas Available, Electric Available, Cable TV

Taxes

Tax Annual Amount7435.2

Area Information

StateNJ
CountySALEM NJ
CityNEWFIELD
Zip Code08344
AreaUpper Pittsgrove Twp (21714)
School DistrictUPPER PITTSGROVE TOWNSHIP PUBLIC
Elementary SchoolUPPER PITTSGROVE
High SchoolWOODSTOWN H.S.
Listing VS Median (in 08344)
Price:
$494,999
low | high
Med:
$399,999
69.191957963551% of Average
sqft:
2,234
low | high
Med:
2,210
51.074306177261% of Average
$ / sqft:
$222
low | high
Med:
$181
68.314404565871% of Average
On site:
146
low | high
Med:
233
62.660944206009% of Average
Sourced by Back At You

Market Activity 08344

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Learn More About This Property

StateNJ
CountySALEM NJ
CityNEWFIELD
Zip Code08344
AreaUpper Pittsgrove Twp (21714)
School DistrictUPPER PITTSGROVE TOWNSHIP PUBLIC
Elementary SchoolUPPER PITTSGROVE
High SchoolWOODSTOWN H.S.
Listing VS Median (in 08344)
Price:
$494,999
low | high
Med:
$399,999
69.191957963551% of Average
sqft:
2,234
low | high
Med:
2,210
51.074306177261% of Average
$ / sqft:
$222
low | high
Med:
$181
68.314404565871% of Average
On site:
146
low | high
Med:
233
62.660944206009% of Average
Sourced by Back At You
Listing Updated: November 5, 2026 at 9:47:56 AM PST