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.
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
244 ROUTE 40 E Monthly Cost
244 ROUTE 40 E Market Data
Based on the last 30 days in this zip code
244 ROUTE 40 E History
| Date | Value | Agent |
|---|---|---|
| 6/30/2026Source: BRIGHT MLS | $659,000 -2.4% |
|
| 6/21/2026Source: BRIGHT MLS | $675,000 -2.9% |
|
| 6/12/2026Source: BRIGHT MLS | June 12, 2026 |
Contact Information: [email protected] - 8562232600

