244 Route 40 East Newfield, NJ 08344

$675,000
3.90
Acres
2,234
SQFT
302
$/SQFT
$675,000
2,234   sf
$302 / sf
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price reduced
1/19
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Investment Opportunity in Upper Pittsgrove – 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.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.

Investment Opportunity in Upper Pittsgrove – 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.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.

  • Neighborhood
  • Type
  • County
    Salem
  • Area
    Upper Pittsgrove Twp
  • Tax Amount
    $7,435
  • Status
    Active
  • Listing #
    NJSA2018678
  • Built
    1999
  • Lot Size
    3.90
  • Listed on site
    11 days
  • Listing Agent Id
    1700004477514

Listed by:
Weichert Realtors-Mullica Hill

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Gas Utilities

Exterior features

  • No Pool
  • Parking Off-Street
  • Basement

Interior Features

  • Carpet Floors
  • Central Air Conditioning

Style

  • Ranch / One Story
  • Two Story
  • Duplex

Property History

DateDays AgoEventNew Price
Jun 21, 20263 days agoPrice decreased20,000 (3%)$675,000
Jun 12, 202612 days agoNew on market$695,000
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