




244 Route 40 E, Newfield, NJ, 08344
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
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Strong Wind
- Winter Weather
- Drought
- Hail
- Hurricane
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,907 | $34,884 |
| Home Insurance * | $298 | $3,576 |
| Property Taxes | $1,049 | $12,588 |
| Electricity | $246 | $2,955 |
| Total | $4,500 | $54,000 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-16 | Price change | $565,000 |
| 2026-07-29 | Price change | $575,000 |
| 2026-07-19 | Price change | $599,000 |
| 2026-07-13 | Price change | $649,000 |
| 2026-06-30 | Price change | $659,000 |
| 2026-06-21 | Price change | $675,000 |
| 2026-06-12 | Listed for sale | $695,000 |
