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Updated Two-Unit Duplex Building
For Sale
Contact for pricing
Pending

1012 Penn St, Reading, PA 19602

Two apartments feature spacious layouts, updated flooring, and separate one- and three-bedroom configurations.

Property SizeContact for details
Days on Market145

Property Features for 1012 Penn St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: BHHS Fox & Roach-Allentown
Listed By: Marissa Burkholder · License #PA RS325467
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Allentown

Investment Insights

Based on property information with market context.

This concrete-and-brick duplex at 1012 Penn St includes two spacious apartments with abundant windows, updated flooring, and well-maintained interiors. The first unit has one bedroom, while the second offers three bedrooms. Property improvements include an updated roof, windows, porch, and HVAC unit, along with a rear yard.

Both apartments are occupied. The one-bedroom unit has a lease beginning 3/1/2023, and the three-bedroom apartment has been occupied by the same tenant for nine years on a month-to-month arrangement. Tenants pay their own electric, internet, cable, and, for the three-bedroom unit, gas. The owner currently pays taxes, water, sewer/trash, and hallway electricity. The property is being sold AS IS, with future owners responsible for repairs and city requirements.

Key Highlights

  • Two‑unit duplex with one 1 BR apartment and one 3 BR apartment
  • Concrete‑and‑brick construction with a rear yard
  • Updated roof, windows, porch, HVAC unit, and flooring

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Electrical Service Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,298
Businesses Nearby

Demographics for 19602, PA

19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two apartments feature spacious layouts, updated flooring, and separate one- and three-bedroom configurations.
Where is this duplex located?
The property is located at 1012 Penn St Reading, PA.
What are key features of this property?
This property features: Two‑unit duplex with one 1 BR apartment and one 3 BR apartment; Concrete‑and‑brick construction with a rear yard; Updated roof, windows, porch, HVAC unit, and flooring
More about this property
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