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.
Active
$779,000
21 Reservoir Rd, Rockaway Twp., NJ 07866
6beds
39,996sqft
Est.:
Multi Family
Built in 1955
-- sqft lot
$745,000 Zestimate®
$19/sqft
$-- HOA
What's special
- 68 days |
- 1,577 |
- 45 |
Zillow last checked: April 03, 2026 at 11:55pm
Listing updated: January 31, 2026 at 07:02pm
Listed by:
Adam Kamenman 973-479-9896,
Coldwell Banker Realty
Source: GSMLS,MLS#: 4006858
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4.1
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- 2 Units, Baseboard - Electric, Baseboard - Hotwater, Electric, Gas-Propane Leased, Oil Tank Above Ground - Outside
Appliances
- Included: Microwave, Range/Oven - Electric, Refrigerator, Microwave Oven, Electric Water Heater
Features
- Bedrooms, Kitchen, Living Room, Eat-In Kitchen
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 39,996
- Total interior livable area: 39,996 sqft
Property
Parking
- Total spaces: 8
- Parking features: Off Street, Parking Lot-Exclusive
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
Lot
- Size: 0.32 Acres
- Dimensions: .319 AC
Details
- Additional structures: Storage Shed
- Parcel number: 2335218010000000300000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt Shingle
Condition
- Year built: 1955
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Rockaway
Financial & listing details
- Price per square foot: $19/sqft
- Tax assessed value: $475,800
- Annual tax amount: $10,955
- Date on market: 2/1/2026
- Total actual rent: 5000
- Tenant pays: Tenant Pays Electric
- Electric utility on property: Yes
Estimated market value
$745,000
$708,000 - $782,000
$3,196/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/1/2026 | Listed for sale | $779,000+7.4%$19/sqft |
Source:  GSMLS #4006858 Report a problem | ||
| 10/24/2025 | Listing removed | $725,000$18/sqft |
Source: GSMLS #3987485 Report a problem | ||
| 9/24/2025 | Listed for sale | $725,000+53603.7%$18/sqft |
Source: GSMLS #3987485 Report a problem | ||
| 11/9/2019 | Sold | $1,350-98.9% |
Source: Agent Provided Report a problem | ||
| 10/7/2013 | Sold | $126,000-57.9%$3/sqft |
Source: Public Record Report a problem | ||
| 7/11/2012 | Listing removed | $299,000$7/sqft |
Source: Re/Max Diamond Properties Report a problem | ||
| 5/23/2012 | Listed for sale | $299,000$7/sqft |
Source: Re/Max Diamond Properties Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,200 +11.4% | $475,800 +11.4% |
| 2024 | $10,956 +4.4% | $427,300 +6.8% |
| 2023 | $10,496 +4.2% | $400,000 +8.1% |
| 2022 | $10,069 +3.1% | $369,900 +7.5% |
| 2021 | $9,768 +2.5% | $344,200 +0.6% |
| 2020 | $9,526 -0.8% | $342,100 +2.5% |
| 2019 | $9,607 +0.8% | $333,900 +0.8% |
| 2018 | $9,528 +1.3% | $331,400 +8.6% |
| 2017 | $9,406 +0.7% | $305,200 |
| 2016 | $9,339 +1.9% | $305,200 |
| 2015 | $9,165 +3.1% | $305,200 |
| 2014 | $8,887 -15.2% | $305,200 |
| 2012 | $10,475 +3.1% | $305,200 +4.8% |
| 2011 | $10,161 +4.6% | $291,300 |
| 2010 | $9,712 +1.7% | $291,300 |
| 2009 | $9,552 | $291,300 |
| 2008 | -- | $291,300 |
| 2007 | -- | $291,300 |
| 2006 | -- | $291,300 |
| 2005 | -- | $291,300 |
| 2004 | -- | $291,300 |
| 2003 | -- | $291,300 |
| 2002 | -- | $291,300 +92.4% |
| 2001 | -- | $151,400 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,971/mo
Principal & interest
$3802
Property taxes
$1169
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Climate risks
Neighborhood: 07866
Nearby schools
GreatSchools rating
- 6/10Stony Brook Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Copeland Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10Morris Knolls High SchoolGrades: 9-12Distance: 2 mi
Local experts in 07866
- New Jersey
- Morris County
- Rockaway
- 07866
- 21 Reservoir Rd
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