$320,000
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40 Spillway Drive 42, Alloway, NJ 08001

4 Beds
2 Baths
1,312 Sq Ft

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 -

Financial Considerations

  • Tax Amount $6,137
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in NJ / 08001

Source: Walkscore

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

Agent added 31 new photos to the listing
031 photos

Points of Interest near 40 SPILLWAY DRIVE 42, ALLOWAY, NJ 08001

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