3-Unit Brick
New
For Sale
$250,000
142 W DOUGLASS Street, Reading, PA 19601
Multi-Family, READING, PA
Property Size2,435 SF
Lot Size0.05 Acres
Price / SF$102.67
Days on Market6
Property Features for 142 W DOUGLASS Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
2
Parking features
Garage - Detached, On Street
Subdivision
NONE AVAILABLE
Elementary school district
READING
Middle school district
READING
High school district
READING
Standard status
Active
Size
2,435 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2224
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Platinum Realty - Wyomissing · Keller Williams Realty
(610) 898-1441
Listed By:
Edward Hollock · License #RS355041
(267) 664-8477
Added: Oct 1
Last Checked: Oct 6 at 1:06PM
MLS# PABK2078848
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick rowhome contains three apartments, each arranged with one bedroom, one bathroom, a living room, and a kitchen. The units are fully rented and have separate electric service, individual electric water heaters, and electric baseboard heat. The building measures 2,435 square feet on a 0.05-acre lot and was built in 1900. A basement and detached garage are also part of the property, with additional on-street parking available.
The property is located in Reading near the city’s Historic District, schools, public transportation, restaurants, shopping, and major routes. Its three-unit configuration and separate electric service are complemented by the detached garage and basement.
The property is located in Reading near the city’s Historic District, schools, public transportation, restaurants, shopping, and major routes. Its three-unit configuration and separate electric service are complemented by the detached garage and basement.
Key Highlights
- Three one‑bedroom, one‑bathroom apartments; all are fully rented
- 2,435‑square‑foot brick rowhome on a 0.05‑acre lot
- Built in 1900; includes a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,982
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,640
$419.6K
Cap Rate 7%
$299,743
$299.7K
Cap Rate 9%
$233,133
$233.1K
Market Conditions
NOI Build-Up for 2,435 SF
Gross rent
$39.7K $16.32/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$38.1K $15.67/SF
− OpEx
−$17.2K −$7.05/SF
NOI
$21.0K $8.62/SF
Area
Berks County, PA
Vacancy
4.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,640
Cap Rate 7%
$299,743
Cap Rate 9%
$233,133
Alternative Uses
Best Use
Multifamily LT 5
$342.9K
$300.1K – $400.1K
NOI $24,006 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$299.7K
$262.3K – $349.7K
NOI $20,982 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$399.7K
$349.8K – $466.4K
NOI $27,981 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences are currently leased, each with its own electric service.
Where is this triplex located?
The property is located at 142 W DOUGLASS Street Reading, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bathroom apartments; all are fully rented; 2,435‑square‑foot brick rowhome on a 0.05‑acre lot; Built in 1900; includes a basement
