Property
Rockaway Twp., NJ 07866 21 Reservoir Rd # 4
$725,000
OPEN HOUSE Wed, Sep 24 2025 5:00 PM - 7:00 PM
OPEN HOUSE Sat, Sep 27 2025 12:00 PM - 3:00 PM
8 more
Presented By: COLDWELL BANKER REALTY; 973-479-9896
Beds • 6
Full/Half Baths • 4 / 1
Home Details
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 bath, 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. 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.
Presented By: COLDWELL BANKER REALTY; 973-479-9896
Interior Features for 21 Reservoir Rd # 4
Bedrooms
Total Bedrooms6
Unit 1 Beds Total2
Unit 2 Beds Total1
Unit 3 Beds Total1
Unit 4 Beds Total2
Bathrooms
Half Baths1
Unit 1 Baths Total2.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft9999
Unit 2 Sq Ft9999
Unit 3 Sq Ft9999
Unit 4 Sq Ft9999
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
Unit 4 Levels1
UnitType1TotalRent1800
UnitType2TotalRent1500
UnitType3TotalRent1700
Unit 4 Fireplaces0
Unit 4 Appl/EquipMicrowave Oven, Range/Oven - Electric, Refrigerator
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipMicrowave Oven, Range/Oven - Electric, Refrigerator
Unit 2 Appl/EquipMicrowave Oven, Range/Oven - Electric, Refrigerator
Unit 3 Appl/EquipMicrowave Oven, Range/Oven - Electric, Refrigerator
BasementSlab
Fuel TypeElectric, Oil Tank Above Ground - Outside
Other Rooms
Unit 4 Rooms5
Unit 2 Rooms3
Unit 1 Rooms4
Unit 3 Rooms3
Unit 3 Room DescriptionBedrooms, Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Kitchen, Living Room
Unit 4 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
General for 21 Reservoir Rd # 4
Architectural Style2-Two Story, Fourplex
CoolingNone
CountyMorris
DirectionsMt Hope Rd to Reservoir
DriveOff-Street Parking, Parking Lot-Exclusive
EasementUnknown
Full Baths4
Gross Income882000
Heating2 Units, Baseboard - Electric, Baseboard - Hotwater
Net Operating Income64228
Number Of Units Total4
Open Parking Spaces8
Operating Expense23971
Possession30-60
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusComing Soon
StatusComing Soon
Tax Annual Amount10955
Tax Assessed Value475800
Tax Lot30
Tax Year2024
Total Rooms15
Town #2335
TownshipRockaway Twp.
Unit Number4
UtilitiesElectric
Water HeaterElectric
Year Built1955
Exterior for 21 Reservoir Rd # 4
Exterior AmenitiesPatio, Storage Shed
Exterior DescriptionVinyl Siding
Lot Dimensions.319 AC
Lot Size Acres0.32
Water SourcePublic Water
Additional Details
Price History
Jonathan Lockette
Associate