244 Route 40 ENewfield, NJ 08344

Description

GREAT INVESTMENT OPPORTUNITY, IN UPPER PITTSGROVE – EXCELLANT 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. 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.

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

House

Year built

1999

Stories

2

Living area

2,234 Sq Ft

Lot size

3.90 acres

Parking spaces

5

Zoning

RESIDENTIAL

Days on market

140

MLS^® Listing#

NJSA2018678

Property Features

Appliances

Gas Water Heater

Cooling

Central Air · Electric

Heating

Natural Gas · Central

Flooring

Carpet · Ceramic Tile · Vinyl

Pool

None

Parking

Asphalt · Off Street · Parking Lot

Construction

Brick Veneer · Aluminum Siding · Brick · Vinyl Siding

Foundation

Block

Roof

Shingle

Utilities

Cable Available · Natural Gas Available · Electricity Available

Sewer

Cesspool

Water source

Private

Schools

Elementary

UPPER PITTSGROVE

Middle

UPPER PITTSGROVE M.S.

High

WOODSTOWN H.S.

District

UPPER PITTSGROVE TOWNSHIP PUBLIC SCHOOLS

Financial Details

Annual taxes

$7,435Tax year 2025

Assessed value

$240,000

Parcel number

14-00005-0051

Directions

rt 55 south o exit 39B west, property on right# 244