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$779,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 2 days ago
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Rare income generating multifamily opportunity in Rockaway. 4 units at or near market rent with 1 to be occupied soon. Rent roll and expense reports are available. Unit 1 is 2 bed 2 full baths, Units 2 and 3 are each 1 bed 1 bath, and unit 4 is 2 bed, 1 bath. Unit 4 was recently updated with a new kitchen. All utilities are combined, the landlord pays all utilities, except for one unit where the tenant pays electric. Heat is provided by 1 boiler for the building, 2 of the units have propane gas for cooking. The tenants share access to 2 washer and dryer units, the yard and have separate lockable storage in the shed. At least 8 parking spots. This convenient location and highly rated school system make it easy to rent. Rent rolls and expenses are available.

Full Property Details for 21 Reservoir Rd

General

  • Price: $779,000
  • Taxes: $10,955 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4006858
  • Updated: 2/1/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 15

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Patio, Storage Shed

Location

  • County: Morris
  • Driving Directions: Mt Hope Rd to Reservoir

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: 2 Units, Electric Baseboard, Baseboard - Hotwater
  • Heating Fuel: Electric, Gas-Propane Leased, Oil Tank Above Ground - Outside
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric

Structural Information

  • Architectural Style: 2-Two Story, Fourplex
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Slab
  • Roof: Asphalt Shingles
  • Year Built: 1955
  • Remodeled/Updated: 2024

Unit Information

Unit 1

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.32
  • Lot Dimensions: .319 AC
  • Driveway/Sidewalk: Off-Street Parking, Parking Lot-Exclusive

Financial Considerations

  • Expenses: Utilities, Garbage Collection, Heat, See Remarks
  • Operating Expenses: $23,971
  • Assessment Amount: $250,900
  • Land Assmt: $224,900
  • Tax Amount: $10,955
  • Tax Year: 2024

Disclosures and Reports

  • Block: 21801
  • Lot Number: 30
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 21 Reservoir Rd —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 21 Reservoir Rd

School Districts:Morris Hills Regional School District, Rockaway Township School District
NameGradesDistance
Stony Brook Elementary School, Rockaway, NJ
44 Stony Brook Road, Rockaway, NJ 07866
K-50.2 mi
Copeland Middle School
100 Lake Shore Drive, Rockaway, NJ 07866
6-80.4 mi
Morris Knolls High School
50 Knoll Drive, Denville, NJ 07834
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 21 Reservoir Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/01/2026
Listed
$779,000
518.25%
MLS
7/12/2012
Sold
$126,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 21 Reservoir Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,956
9%
$475,800
19%
2022
$10,069
3%
$400,000
8%
2021
$9,768
—
$369,900
7%
2021
$9,768
—
$344,200
1%
2021
$9,768
2%
$342,100
3%
2018
$9,607
1%
$331,400
-1%
2019
$9,526
—
$333,900
9%
2017
$9,528
1%
$305,200
—
2016
$9,406
1%
$305,200
—
2015
$9,339
5%
$305,200
—
2013
$8,887
—
$305,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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21 Reservoir Rd, Rockaway Township, NJ 07866 (MLS# 4006858) is a Multi-Family property with 4 units containing 6 bedrooms, 4 full bathrooms and 1 partial bathroom. 21 Reservoir Rd is currently listed for $779,000 and was received on February 01, 2026. This property is listed by Adam Kamenman from our Livingston Office.Want to learn more about 21 Reservoir Rd? Do you have questions about finding other Multi-Family real estate for sale in Rockaway Township? You can browse all Rockaway Township real estate or contact a Coldwell Banker agent to request more information.

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