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 and 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. Multi-Family - MLS# NJSA2016856
- MLS# NJSA2016852
- Date Listed10/30/2025
- Days on Realty 10 Days
- Bedrooms 4
- Bathrooms 2 Full baths
- Lot Size 1.05 acres (45,738 sq. ft)
- Sewer Septic Tank
- Subdivision PARADISE LAKES
- Property Type Single Family
- County SALEM
- Year Built 1934
- Water Well
- Square Feet 1,312 sq. ft
- Price Per Sq. Ft $243.9
Interior Features
- Appliances Electric Water Heater, Water Purifier
- Flooring Carpet
- Cooling Ceiling Fan(s), Window Unit(s), Electric
- Heating Oil, Baseboard
Exterior / Lot Features
- Roof -
- Lot Size Acres 1.05
- Lot Size SQFT 45,738.00
- Lot Features -
Directions
Telegraph Road to Spillway Drive
Financial Considerations
- Tax Amount $6,137
- Terms Cash, Conventional, FHA, VA Loan
Nearby Schools
Source: School Digger
Public • PK - 8 • Serves this home
2.83 mi
Distance
ALLOWAY TOWNSHIP SCHOOL
Unknown • 6 - 8 • Serves this home
- mi
Distance
WOODSTOWN H.S.
Unknown • 9 - 12 • Serves this home
- mi
Distance
Public • PK - 8 • Serves this home
2.83 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 126 JEFFERSON ROAD | Listing | 3 | 2 | Nov 07, 2025 | $308,888 | Dec 28, 2020 | $209,000 |
| 6 SICKLER STREET | 5 | 3 | Nov 04, 2025 | $77,500 | Nov 10, 2025 | - |
| 23 FRANKLIN DRIVE | 6 | 5 | Sep 18, 2025 | $375,000 | Nov 10, 2025 | - |
| 1019 S BROADWAY | Listing | 3 | 1 | Oct 13, 2025 | $69,900 | Mar 15, 2024 | $108,700 |
| 46 WALNUT STREET | Listing | 5 | 3 | Oct 31, 2025 | $102,000 | Aug 22, 2023 | $150,043 |
| 143 COOL RUN ROAD | Listing | 3 | 2 | Sep 12, 2025 | $315,000 | Feb 16, 2024 | $186,500 |
| 570 N Burlington Rd Road | Listing | 3 | 3 | Sep 11, 2025 | $299,999 | Jan 12, 2024 | $329,000 |
| 93 7TH STREET | 6 | 3 | Oct 17, 2025 | $179,999 | Nov 10, 2025 | - |
| 106 CENTERTON ROAD | 2 | 1 | Sep 23, 2025 | $278,500 | Nov 10, 2025 | - |
| 15 CATALPA CREST | 4 | 4 | Oct 07, 2025 | $650,000 | Nov 10, 2025 | - |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 868 | 3,531 | 65,079 | 335,858,263 |
| Population Density | 236 | 106 | 196 | 95 |
| People per Household | 2.7 | 2.8 | 2.6 | 2.6 |
| Median Age | 42 | 42 | 42 | 39.1 |
| Median Income | $92,604 | $92,533 | $68,176 | $66,222 |
| Average Income | $45,654 | $46,629 | $34,591 | $35,475 |
| Cost of Living Index | 118 | 122 | 101 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 24.2°F | 24.2°F | 26.12°F | 22.6°F |
| July Avg. High Temp | 85.7°F | 85.7°F | 86.87°F | 86.2°F |
| Annual Precipitation | 44.87" | 44.87" | 41.57" | 38" |
28/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 1/100, Transit Score: 0/100, Bike Score: 28/100.
Property Change History
Points of Interest near 40 SPILLWAY DRIVE 42, ALLOWAY, NJ 08001
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Distance
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Frequently Asked Questions for 40 SPILLWAY DRIVE 42
Source: Realty.com
40 SPILLWAY DRIVE 42, ALLOWAY, NJ 08001 is a Single Family 1,312 sq. ft. home listed for sale. Realty.com has 31 photos available of this 4 bed, 2 bath house, listed at $320,000. View sales and tax history, use our mortgage calculator and more on Realty.com
Realty.com has 31 photos of 40 SPILLWAY DRIVE 42.
Our records indicate that 40 SPILLWAY DRIVE 42 was built in 1934.
The full address for this home is 40 SPILLWAY DRIVE 42, ALLOWAY, NJ 08001.
40 SPILLWAY DRIVE 42 has been listed on Realty.com since Thu October 30, 2025
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 1/100, Transit Score: 0/100, Bike Score: 28/100.
There are 3 schools assigned to this home. Check out the schools near 40 SPILLWAY DRIVE 42. Alloway Township School (Grades: PK - 8), ALLOWAY TOWNSHIP SCHOOL (Grades: 6 - 8), WOODSTOWN H.S. (Grades: 9 - 12)
Listing provided courtesy of:
Keller Williams Realty - Washington Township
(tel: 856-582-1200)
Listing agent:
Michael Lentz
(tel: 856-202-3154)
(#3134422)
This content last refreshed on 2025-11-10 15:11:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 40 SPILLWAY DRIVE 42, ALLOWAY, NJ 08001 : MLS# NJSA2016852