Under contract

$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

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.

81 days

963

25

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

Date	Event	Price
4/8/2026	Pending sale	$779,000$19/sqft
Source: GSMLS #4006858 Report a problem
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

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