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sales rep | Brivity IDX

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244 Route 40 E , Newfield, NJ 08344
$494,999
Est. Payment: $2,673.00/mo
5 Bed
2234 Sqft
3.9 Acres
Status: active | Days on site: 141
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WEIC-MH - 3382336
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House Description

GREAT INVESTMENT OPPORTUNITY, IN UPPER PITTSGROVE – EXCELLANT 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. WELL, MAINTAINED! Unit 1 offers 2 bedrooms and 1 full bath and was updated in 2024. Unit 2 features 3 bedrooms and 1 full bath, and BASEMENT 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. NEW SEPTIC BEING INSTALLED. 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.

Highlights

Listed by Warren B COLLINS I , 6093643682 Weichert Realtors-Mullica Hill , 8562232600. Bright MLS

Property Type

Multi-Family

Lot/Acreage
3.9

Year Built

1999

County

Salem

Area

Upper Pittsgrove Twp (21714)

School District

Upper Pittsgrove Township Public Schools

Listing ID

NJSA2018678

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
Air Cond:Central A/C
Fireplaces:
Floor:Ceramic Tile,Luxury Vinyl Plank,Partially Carpeted
Above Ground Sq Ft:2234
Basement:Connecting Stairway
Water:Private

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:5
Zoning:RESIDENTIAL
Roof:Architectural Shingle,Pitched,Shingle
Sewer:Cess Pool
Parking Features:Asphalt Driveway,Off Street,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$2,673
Taxes
$620

Home Price

$494,999

Loan Details

30 yrs
7.144%

Down Payment

20%
$99,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,673.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,673.00 $619.60 $0.00 $3,292.60
Yearly $32,076.00 $7,435.20 $0.00 $39,511.20
Total $962,280.09 $223,056.00 $0.00 $1,185,336.09
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Newfield, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T15:13:57.000Z

© 2026 Bright MLS