Multi-Family property for sale in Alloway!

40-42 Spillway Dr, Allloway, NJ

$320,000

4 Beds

2 Baths

2 full

1312 SqFt

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.

Property Details

Property Type Residential
Mls # NJSA2016856
LotSize 45738 sqft
Property Subtype Multi-Family
Year Built 1934

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The Mike Lentz Team
The Mike Lentz Team
Keller Williams Realty
  • Sewell, NJ
  • Phone: 856-202-3154
  • Office : 856-582-1200
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Visit me online at http://www.BuySouthJersey.com

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My husband and I just bought our first home together and we are so happy we chose Mike as our realtor. Mike was so helpful and supportive throughout the entire home-buying process! His knowledge and...

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Mike and his team are absolutely outstanding. From start to finish it was a pleasure dealing with everyone involved. Every call, every question, every concern was answered very quickly. The team’s...

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Mike and Tanya are really awesome to work with. Mike is extremely knowledgeable and detailed. His professionalism and follow through is unmatched. He will fight for his clients and, especially in our...

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We are so thankful for Mike and his amazing team for making our home process so smooth! Mike was incredible to work with—he made everything feel easy and stress-free. Tanya was also such a huge...

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We are so thankful for Mike and his amazing team for making our home process so smooth! Mike was incredible to work with—he made everything feel easy and stress-free. Tanya was also such a huge...

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I had the pleasure of working with Mike Lentz, Tanya, & team on a recent transaction, and it was an absolute success from start to finish. They were professional, communicative, and solution-oriented...

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