244 ROUTE 40 ENEWFIELD, NJ 08344

Multi-Family · 2,234 Sq. ft. | 3.90 Acres
$659,000 ACTIVE

244 ROUTE 40 E Overview

Time on Site:
18 days
Visits:
0

Investment Opportunity in Upper Pittsgrove & 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. 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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

244 ROUTE 40 E Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,234
  • Price/Sq.ft. $295
  • Lot 3.90 Acres

Details

General

School Information

  • Elementary School: UPPER PITTSGROVE
  • Middle Or Junior School: UPPER PITTSGROVE M.S.
  • High School: WOODSTOWN H.S.

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 2234
  • Year Built: 1999

Location/Region

  • Country: US
  • County: SALEM
  • County Or Parish: SALEM
  • MLS Area Major: Upper Pittsgrove Twp (21714)

Parking Information

  • Total Parking Spaces: 5
  • Type of Parking: Off Street,Parking Lot

Tax Information

  • Tax Annual Amount: $7,435.20
  • Tax Assessed Value: 240000.00
  • Tax Year: 2025

General Information

  • Exclusions: TENANTS PERSONAL ITEMS
  • Historic: No
  • Inclusions: 2 STOVES, 2 WASHERS,2 DRYERS, 2 REFRIGERATORS
  • Municipal Trash: No
  • Property Sub Type: Duplex
  • Property Type: Multi-Family
  • Rent Control: No
  • School District Name: UPPER PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: RESIDENTIAL

Interior

Building Information

  • Building Winterized: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Twin/Semi-Detached
  • Wall & Ceiling Types: Dry Wall,Paneled Walls

Building Interior

  • Above Grade Finished Area: 2234
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: 2+ Access Exits
  • Cooling: Central A/C
  • Electric: 120/240V
  • Fireplace: No
  • Flooring: Ceramic Tile, Luxury Vinyl Plank, Partially Carpeted
  • Foundation Details: Block
  • Internet Services: Cable
  • Living Area: 2234
  • Living Area Source: Estimated
  • Spa: No
  • Stories Total: 2
  • Units Furnished: None

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 1
  • Two Bedroom Units Count: 1

Exterior

Parking Information

  • Parking Features: Asphalt Driveway

Lot Information

  • Lot Size Acres: 3.90
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 169884.00
  • Lot Size Units: Square Feet
  • Water Source: Private

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Ranch/Rambler
  • Construction Materials: Aluminum Siding, Brick, Brick Front, Vinyl Siding
  • Roof: Architectural Shingle, Pitched, Shingle

General Information

  • Number Of Units Leased: 3
  • Number Of Units Mo Mo: 0
  • Number Of Units Total: 2
  • Number Of Units Vacant: 0
  • Other Structures: Above Grade
  • Sewer: Cess Pool
  • Utilities: Natural Gas Available,Electric Available,Cable TV
  • Water Access: No

244 ROUTE 40 E Neighborhood

Community

08344 (NEWFIELD) Demographics

47
Median Age
168
Population Density (per sq. mile)
40%
College Educated
$64,306
Estimated Median Income
1,594
Estimated Total Home Owners
167
Estimated Total Renters
91% / 9%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

244 ROUTE 40 E Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

244 ROUTE 40 E Market Data

Based on the last 30 days in this zip code

$453,577
Average List Price
$223
Average Price per Square Foot
7
Properties Sold
66
Average Days on Market
31
Properties for Sale
Calculations provided by Reliance Network

244 ROUTE 40 E History

Date Event Value Agent
6/30/2026Source: BRIGHT MLS Price Reduction
$659,000 -2.4%
6/21/2026Source: BRIGHT MLS Price Reduction
$675,000 -2.9%
6/12/2026Source: BRIGHT MLS Added to Database
June 12, 2026
Listing provided courtesy of Weichert Realtors-Mullica Hill- MLS# NJSA2018678MLS ProviderContact Information: [email protected] - 8562232600