NJ
SALEM
ALLOWAY
08001
40 SPILLWAY DRIVE
40 SPILLWAY DRIVE, ALLOWAY, NJ 08001
Share Listing
Listing Type
Multi Family
Listing Status
active
31
$320,000

Home Details for 40 SPILLWAY DRIVE

Price
$320,000
Type
Residential Income
Bedrooms
3
Bathrooms
Square feet
1312
Year built
1934
Lot size acres
1.05
County
SALEM
Garage
Basement
Full
Days on site
116
MLS Listing#
NJSA2016856
Property Description

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, 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.

Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Window Unit(s)
    • Electric
  • House Interior
    • Eat-in Kitchen
    • Ceiling Fan(s)
    • Built-in Features
  • Parking
    • Asphalt
    • Shared Driveway
    • Driveway
  • Heating Information
    • Oil
    • Baseboard
  • Water Features
    • Well
  • Basement
    • Full
School Information
School Information for 40 SPILLWAY DRIVE, ALLOWAY, NJ 08001
Elementary School
ALLOWAY TWP. E.S.
Middle School
ALLOWAY TOWNSHIP SCHOOL
High School
WOODSTOWN H.S.
Listing Courtesy: Keller Williams Realty - Washington Township - 856-582-1200
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2026 Bright MLS. All rights reserved.
Last Updated: 2025-11-13 18:31:49
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EXIT REALTY JERSEY SHORE
2029 Route 37 East, Toms River, NJ 08753
Rosemarie McGeehan
License #: 0679931
Associate Broker
Office
732 573 1550
Agent
732 740 9519
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