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    40-42 Spillway Dr Alloway, NJ 08001

    For Sale
    $320,000

    MULTI_FAMILY - Bungalow, Rambler - ALLOWAY, NJ

    Property size:
    1,312 SF
    Lot size:
    1.05 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 40-42 Spillway Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room, Basement
    Parking
    4
    Parking features
    Driveway
    Interior features
    Bathroom - Tub Shower, Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Kitchen - Eat-In, Kitchen - Table Space, Water Treat System
    Fireplace
    1
    Size
    1,312 SF
    Lot size
    1.05 Acres

    Utilities

    Heating system
    Hot Water(Heating), Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1934
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Rambler, Bungalow

    Keller Williams Realty - Washington Township (856) 582-1200 [email protected]

    Listing agent Michael Lentz (856) 202-3154 License #999901

    Listing date Nov 18, 2025

    MLS# NJSA2016856 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Homes on One Acre

    Located on a one-acre lot with mature trees, the property at 40-42 Spillway Drive features two separate homes. The main house, #42, includes three bedrooms, one full bath, an eat-in kitchen, and a large living room with a decorative brick fireplace. It has been freshly painted and features newer flooring in key areas. The home also includes solar panels and a full basement. Outside, there is an expansive yard and a detached storage shed. Adjacent to the main house, #40 is a one-bedroom bungalow. The bungalow features a living room, an updated kitchen with modern cabinetry, and a full bath. The main-level bedroom provides convenience, while the loft area upstairs offers bonus space. The property is suited for investors looking for multi-unit income or homeowners seeking extra space for guests, hobbies, or short-term rental possibilities. The property has private entrances, separate utilities, and two septic systems with a shared well. The total property size is 1312 square feet. Certificate of Occupancy has been received for both homes.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Department Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alloway
    County
    Salem
    State
    New Jersey
    Longitude
    -75.34365
    Latitude
    39.53513

    Nearby Similar for Sale

    • $625,000
      1.00 Acre

      Alloway Farmhouse with Oversized Garage

      Custom 2022 farmhouse on 1 acre surrounded by preserved farmland.
      17 Aldine Shirley Rd, Alloway, NJ 08318
      View Details

    FAQs

    What type of property is this?
    Duplex - Two separate homes on a one-acre lot with potential.
    Where is this duplex located?
    The property is located at 40-42 Spillway Dr Alloway, NJ.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Two separate homes on one acre lot offer multi-income potential or space for extended family.; - Main house (#42) is move-in ready with fresh paint and newer flooring, providing immediate occupancy.; - Bungalow (#40) features an updated kitchen and flexible loft space, ideal for rental or guest use.
    (856) 202-3154
    Request Owner's contact information
    40-42 Spillway Dr Alloway, NJ 08001
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    Alloway, NJ 08001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40-42 Spillway Dr Alloway, NJ 08001
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