For Multi Family

21 Reservoir Rd,Rockaway Twp., NJ 07866-1606

February 1, 2026

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.

Property ID:PT-26729046-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 779,000 $

Bedrooms:6

Year Built:1955

Listing Details

Status: Active

Location

County: Morris

Lotsize: .319 AC

Lot Identifier: 30

Home Details

Open Parking: 8

Basement: No

Renovated: 2024

Basmnt/Desc: No - Slab

Acreage: 0.32

Total Baths: 4.10

Unit Style: 2-Two Story, Fourplex

Number of Units: 4

Rooms: 15

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: 30-60

Unit 1 Appliances/Equipment: Microwave Oven, Range/Oven - Electric, Refrigerator

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 2

Unit 1 Baths: 2.0

Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Heat, Owner Pays Water

Unit 1 Handicap: No

Unit 1 Lease Expire: 2026-05-31

Unit 1 SqFt: 9999

Unit 1 Rent: 1800

Unit 1 Room Description: Bedrooms, Kitchen, Living Room

Unit 2 Appliances/Equipment: Microwave Oven, Range/Oven - Electric, Refrigerator

Unit 2 Levels: 1

Unit 2 Rooms: 3

Unit 2 Beds: 1

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Heat, Owner Pays Water

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 1500

Unit 2 Room Description: Bedrooms, Kitchen, Living Room

Unit 2 Security Deposit: 2025

Unit 3 Appliances/Equipment: Microwave Oven, Range/Oven - Electric, Refrigerator

Unit 3 Levels: 1

Unit 3 Rooms: 3

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric

Unit 3 Handicap: No

Unit 3 SqFt: 9999

Unit 3 Rent: 1700

Unit 3 Room Description: Bedrooms, Kitchen, Living Room

Unit 3 Security Deposit: 2550

Unit 4 Appliances/Equipment: Microwave Oven, Range/Oven - Electric, Refrigerator

Unit 4 Levels: 1

Unit 4 Rooms: 5

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Heat, Owner Pays Water

Unit 4 Handicap: No

Unit 4 Lease Expire: 2026-09-30

Unit 4 SqFt: 9999

Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Block Identifier: 21801

County Number: 23

Town Number: 2335

YB/Desc: 1955 - Approximate, Renovated

Easement: Unknown

Parking/Driveway Description: Off-Street Parking, Parking Lot-Exclusive

Block Identifier: 21801

County Number: 23

Town Number: 2335

Possession: 30-60

Taxes, Fees & Assessments

Gross Operating Income: 882000

Net Operating Income: 64228

Expense Include: Utilities, Garbage Collection, Heat

Tax ID For Property: 2335-21801-0000-00030-0000-

Tax Amount: $10,955.00

Tax Year: 2024

Tax Rate: 2.564%

Tax Rate Year: 2025

Land Assessment: $224,900.00

Building Assessment: $250,900.00

Total Assessment: $475,800.00

FHA Age Restricted: No

Utilities

Water Heater: Electric

Heat Source: Electric, Gas-Propane Leased, Oil Tank Above Ground - Outside

Heat System: 2 Units, Baseboard - Electric, Baseboard - Hotwater

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Electric

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Listing Details

21 Reservoir Rd,Rockaway Twp., NJ 07866-1606

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