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
Sold for $316,000
$316,000
40 Spillway Dr, Alloway, NJ 08001
4beds
1,312sqft
Single Family Residence
Built in 1934
1.05 Acres Lot
$333,500 Zestimate®
$241/sqft
$2,352 Estimated rent
Home value
$333,500
$213,000 - $520,000
$2,352/mo
Zestimate® history
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$2,427/mo
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List your homeWhat's special
Modern cabinetryEat-in kitchenDecorative brick fireplaceUpdated kitchenExpansive yardFull basementCozy one bedroom bungalow
Zillow last checked:
Listing updated:
Listed by:
Michael Lentz 856-202-3154,
Keller Williams Realty - Washington Township,
Listing Team: The Mike Lentz Team
Bought with:
Wendy Sparks, RS-0037140
EXP Realty, LLC
Source: Bright MLS,MLS#: NJSA2016852
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 4
Rooms
- Room types: Living Room, Bedroom 2, Bedroom 3, Kitchen, Foyer, Bedroom 1, Loft, Office
Bedroom 1
- Features: Flooring - Carpet
- Level: Main
- Area: 99 Square Feet
- Dimensions: 9 X 11
Bedroom 1
- Features: Flooring - Carpet
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9 X 10
Bedroom 2
- Features: Flooring - Carpet
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9 X 10
Bedroom 3
- Features: Flooring - Carpet
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 X 11
Foyer
- Features: Flooring - Laminate Plank
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 X 11
Foyer
- Level: Main
- Area: 112 Square Feet
- Dimensions: 8 X 14
Kitchen
- Features: Flooring - Laminated
- Level: Main
- Area: 126 Square Feet
- Dimensions: 7 X 18
Kitchen
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8 X 10
Living room
- Features: Flooring - Carpet
- Level: Main
- Area: 224 Square Feet
- Dimensions: 14 X 16
Living room
- Features: Flooring - Carpet
- Level: Main
- Area: 117 Square Feet
- Dimensions: 9 X 13
Loft
- Level: Main
- Area: 240 Square Feet
- Dimensions: 10 X 24
Mud room
- Features: Flooring - Laminated
- Level: Main
- Area: 72 Square Feet
- Dimensions: 8 X 9
Office
- Features: Flooring - Carpet
- Level: Main
- Area: 63 Square Feet
- Dimensions: 7 X 9
Heating
- Baseboard, Oil
Cooling
- Window Unit(s), Electric
Appliances
- Included: Water Treat System, Electric Water Heater
- Laundry: Mud Room
Features
- Bathroom - Tub Shower, Built-in Features, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Eat-in Kitchen, Kitchen - Table Space
- Flooring: Carpet
- Basement: Full
- Number of fireplaces: 1
- Fireplace features: Decorative
Interior area
- Total structure area: 1,312
- Total interior livable area: 1,312 sqft
- Finished area above ground: 1,312
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Asphalt, Shared Driveway, Circular Driveway, Driveway
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 1.05 Acres
- Dimensions: 248.00 x 138.00
- Features: Backs to Trees
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 010006600002
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Ranch/Rambler
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Block
Condition
- New construction: No
- Year built: 1934
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Green energy
- Energy generation: PV Solar Array(s) Leased
Community & HOA
Community
- Subdivision: Paradise Lakes
HOA
- Has HOA: No
Location
- Region: Alloway
- Municipality: ALLOWAY TWP
Financial & listing details
- Price per square foot: $241/sqft
- Tax assessed value: $176,000
- Annual tax amount: $6,137
- Date on market: 10/30/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,USDA Loan,VA Loan,FHA
- Inclusions: Refrigerator (1), Microwave (1), Range (2), Washer (1), Dryer (1), Window A / C
- Exclusions: Tenants Possessions
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2026 | Sold | $316,000-1.3%$241/sqft |
Source:  Bright MLS #NJSA2016852 Report a problem | ||
| 12/19/2025 | Pending sale | $320,000$244/sqft |
Source: Bright MLS #NJSA2016852 Report a problem | ||
| 10/30/2025 | Listed for sale | $320,000+6.7%$244/sqft |
Source: Bright MLS #NJSA2016856 Report a problem | ||
| 8/14/2024 | Listing removed | $300,000$229/sqft |
Source: Bright MLS #NJSA2009558 Report a problem | ||
| 12/14/2023 | Listed for sale | $300,000$229/sqft |
Source: Bright MLS #NJSA2009558 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 08001
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Nearby schools
GreatSchools rating
- 6/10Alloway Twp SchoolGrades: PK-8Distance: 2 mi
Schools provided by the listing agent
- Elementary: Alloway Twp. E.s.
- Middle: Alloway Township School
- High: Woodstown H.s.
- District: Alloway Township Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$333,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$333,500
- New Jersey
- Salem County
- Alloway
- 08001
- 40 Spillway Dr
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