244 Route 40 E Newfield, NJ $ 659,000
244 Route 40 E
$ 659,000
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244 Route 40 E

Newfield, NJ, 08344
$ 659,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 4,161

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Multi-Family Home for sale in Newfield, NJ for $659,000 with 5 bedrooms. This home was built in 1999 on a lot size of 3.9.

Investment Opportunity in Upper Pittsgrove 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. Unit 1 offers 2 bedrooms and 1 full bath and was updated in 2024. Unit 2 features 3 bedrooms and 1 full bath 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. 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.

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Multi-Family Active

Price

$ 659,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 7,435

Style

Ranch/Rambler

Lot Size

3.9

Year Built

1999

Town/City

Newfield

County/Region

SALEM

MLS | Web ID

NJSA2018678

Features
General
Living Area 2234
Sewer Cess Pool
Heating Central
Cooling Central A/C
Utilities Natural Gas Available Electric Available Cable TV
Possession 31-60 Days CD
Roof Architectural Shingle Pitched Shingle
Zoning RESIDENTIAL
Architectural Style Ranch/Rambler
Construction Materials Aluminum Siding Brick Brick Front Vinyl Siding
School District UPPER PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
Exclusions TENANTS PERSONAL ITEMS
Year Built 1999
Electric 120/240V
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality UPPER PITTSGROVE TWP
Accessibility 2+ Access Exits
County SALEM
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE
Directions rt 55 south o exit 39B west property on right# 244
City NEWFIELD
Disclosures House Code - Current License House Code - Inspected Lead Inspection Certificate Available Lead Free Paint
Number Of Units Total 2
MLS Area Upper Pittsgrove Twp (21714)
Lot Size Units Square Feet
Lot Size Square Feet 169884.00
Number of Units Leased 3
Tax Annual Amount 7435.2
Home Warranty Y/N N
Two Bedroom 1
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 294.99
Acceptable Financing Cash Conventional FHA
Historic Y/N N
Rent Control Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 51
Total Actual Rent 56400.00
Association Recreation Fee N
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Interior
Heating Fuel Natural Gas
Basement Connecting Stairway
Flooring Ceramic Tile Luxury Vinyl Plank Partially Carpeted
Hot Water Natural Gas
Total Stories 2
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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Exterior
Pool No Pool
Parking Features Asphalt Driveway
Water Source Private
Inclusions 2 STOVES 2 WASHERS 2 DRYERS 2 REFRIGERATORS
Type of Parking Off Street Parking Lot
Foundation Details Block
Spa N
Water View Y/N N
Lot Size Acres 3.90
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 80100.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 244
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* Excluded Features
List By
Warren Collins

Listing Agent

Weichert Realtors

Broker

Mullica Hill

Office

Affordability Calculator

$4,781
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,161
Monthly Property Taxes
$620
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5448412 Elementary School
4946150 Middle School
Woodstown H.S. High School
Pricing History
DatePricePrice ChangeDescription
6/30/2026$659,000 -2.37% Price Down
6/21/2026$675,000 -2.88% Price Down
6/12/2026$695,000 Listed Price

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244 Route 40 E, Newfield, NJ, 08344 is a Multi-Family Home for sale at $659,000 with a lot size of 3.9. 244 Route 40 E has 5 bedrooms, 0.0 baths, and was built in 1999. The property's zip code is 08344 which is in Newfield, NJ