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244 Route 40 E, Newfield, NJ, 08344

5beds
--baths
2,234sqft
$575,000
$257price/sqft
$4,500/moest. monthly cost
$180,000/yrincome needed

About This Home

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.

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1999

Materials

  • Foundation: Block
  • Roof: Architectural Shingle,Pitched,Shingle
  • Construction materials: Aluminum Siding,Brick,Brick Front,Vinyl Siding

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: MultiFamily
  • Architectural style: Ranch/Rambler
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Connecting Stairway

Bedrooms & Bathrooms

  • Bedrooms: 5

Features

  • Dry Wall,Paneled Walls
  • Flooring: Ceramic Tile,Luxury Vinyl,Carpet

Heating & Cooling

  • Heating features: Central,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,234
  • Total interior livable area: 2,234 sqft

Property

Accessibility

  • Accessibility features: 2+ Access Exits

Details

  • Parcel number: 14000050051
  • Zoning: RESIDENTIAL
  • Special condition: Standard
  • Exclusions: Tenants Personal Items

Features

  • Pool features: None

Lot

  • Lot size: 3.90 Acres

Parking

  • Total spaces: 5
  • Parking features: Asphalt,Off Street,Parking Lot
  • Has uncovered spaces: Yes