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40-42 Spillway Dr, 
Alloway, NJ 08001

$320,000


4

Beds


2

Baths


1,312

Sq Ft


Single Family

Active

Listed by

Michael Lentz

Keller Williams Realty - Washington Township

Last updated:

November 21, 2025, 03:51 PM

MLS#

NJSA2016852

Source:

BRIGHTMLS

About This Home

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

Home Facts

Single Family

2 Baths

4 Bedrooms

Built in 1934

Price Summary

320,000

$243 per Sq. Ft.

MLS #:

NJSA2016852

Last Updated:

November 21, 2025, 03:51 PM

Added:

23 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,312 Sq. Ft.


Structure

Structure

Architectural Style:

Bungalow, Ranch/Rambler

Building Area:

1,312 Sq. Ft.

Year Built:

1934


Lot

Lot Size (Sq. Ft):

45,738


Finances & Disclosures

Finances

Price:

$320,000

Price per Sq. Ft:

$243 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright Mls All rights reserved.

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