Two-Unit Residential Income
534 WALNUT Street Reading, PA 19601
New
534 WALNUT Street, Reading, PA, 19601
$200,000
For Sale
$200,000
MULTI_FAMILY - READING, PA
Property Size1,924 SF
Lot Size0.02 Acres
Price / SF$103.95
Days on Market2
Property Features for 534 WALNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Washer, Dryer, Refrigerator
- Standard status
- Active
- Size
- 1,924 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1463
Utilities
- Heating system
- Forced Air, Heat Pump (Heating), Electric (Heating)
- Cooling system
- Central Air, ENERGY STAR Qualified Equipment
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Aluminum Siding, Brick
Listing Agency
Iron Valley Real Estate of Berks
(484) 450-8771
50 Berkshire Court unit: 200, Wyomissing, PA
Listed by
Justina Ott · License #RS343169
(610) 781-5003
Added: Jul 17 Checked: Jul 18 at 3:06 am
MLS# PABK2075276
Listing URL
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 two-unit residential income property is fully occupied and currently configured as a one-bedroom apartment on the first floor and a second unit spanning the second and third floors. The first-floor unit features an updated kitchen and includes in-unit washer and dryer, along with recessed lighting and crown molding. The upper-floor unit offers multiple bedrooms, an updated kitchen with an island, recessed lighting, and a balcony.
The building is described as originally configured with office space on the first floor, but it is now set up for residential use. Both tenants are long-term occupants.
The listing states that tenants pay all utilities except water, supporting lower owner expenses. The property is offered for sale at 534 Walnut Street in Reading, PA 19601.
The building is described as originally configured with office space on the first floor, but it is now set up for residential use. Both tenants are long-term occupants.
The listing states that tenants pay all utilities except water, supporting lower owner expenses. The property is offered for sale at 534 Walnut Street in Reading, PA 19601.
Key Highlights
- Fully occupied two‑unit property with long‑term tenants already in place
- 1st‑floor 1‑bedroom unit rented for $850/month, with updated kitchen, recessed lighting, crown molding, and in‑unit washer/dryer
- 2nd/3rd‑floor unit rented for $1,000/month with 3 bedrooms, updated kitchen with island, recessed lighting, and balcony
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.4k | $16.32 |
| − Vacancy | −$1.3k | −$0.65 |
| EGI | $30.1k | $15.67 |
| − OpEx | −$13.6k | −$7.05 |
| NOI | $16.6k | $8.62 |
1,924 SF · lease $16.32/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.1K – $316.1K
NOI $18,968 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$236.8K
$207.2K – $276.3K
NOI $16,579 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully occupied two-unit building with one-bedroom on the first floor and a multi-bedroom unit on the upper floors.
Where is this duplex located?
The property is located at 534 WALNUT Street Reading, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Fully occupied two‑unit property with long‑term tenants already in place; 1st‑floor 1‑bedroom unit rented for $850/month, with updated kitchen, recessed lighting, crown molding, and in‑unit washer/dryer; 2nd/3rd‑floor unit rented for $1,000/month with 3 bedrooms, updated kitchen with island, recessed lighting, and balcony
