40-42 Spillway Dr, ALLOWAY, NJ

$320,000

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4

Beds

2

Baths

1,312

Square feet

1.05

Acres

About 40-42 Spillway Dr

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 you’re 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, it’s 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, you’ll 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. Don’t 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

Features of 40-42 Spillway Dr

MLS® # NJSA2016852
Price $320,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 1,312
Acres 1.05
Year Built 1934
Type Residential
Sub-Type Detached
Style Bungalow, Ranch/Rambler
Status Active

Community Information

Address 40-42 Spillway Dr
Area Alloway Twp
Subdivision PARADISE LAKES
City ALLOWAY
County SALEM-NJ
State NJ
Municipality ALLOWAY TWP
Zip Code 08001

Amenities

Amenities Bathroom - Tub Shower, Built-Ins, Carpet, Ceiling Fan(s), Entry Level Bedroom, Water Treat System
Parking Asphalt Driveway, Shared Driveway, Circular Driveway
Is Waterfront No

Interior

Heating Baseboard - Hot Water
Cooling Window Unit(s)
Has Basement Yes
Basement Full
Fireplace Yes
# of Fireplaces 1
Fireplaces Non-Functioning
Stories 1

Exterior

Exterior Frame
Exterior Features Porch(es)
Lot Description Backs to Trees
Construction Frame
Foundation Block

School Information

District ALLOWAY TOWNSHIP PUBLIC SCHOOLS
Elementary ALLOWAY TWP. E.S.
Middle ALLOWAY TOWNSHIP SCHOOL
High WOODSTOWN H.S.

Additional Information

Date Listed October 30th, 2025
Days on Market 1
Zoning RESIDENTIAL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty - Washington Township
Contact Info(856) 582-1200

Listing Map

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