Brick 3-Unit Rental
For Sale
$349,000
1016 N 11TH STREET, Reading, PA 19604
A rear garage is rented separately, and the property also has a porch with city views.
Property Size1,844 SF
Price / SF$189.26
Days on Market10
Property Features for 1016 N 11TH STREET
General Information
Standard status
Active
Size
1,844 SF
Property subtype
Triplex
Building Details
Year Built
1900
Listing Agency:
Destination Realty LLC
Listed By:
Sean H Moretti · License #RM421788
(610) 743-3310
Source:
Cummingsrealtors
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 7 at 1:41PM
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 Destination Realty LLC
Investment Insights
Based on property information with market context.
This 1,844-square-foot triplex was built in 1900 and has brick construction with apartment layouts. Units 1 and 2 have long-term tenants. An attached garage at the rear is rented separately, and a rear porch overlooks the city.
On-street parking is available, with public transportation and shopping accessible nearby.
On-street parking is available, with public transportation and shopping accessible nearby.
Key Highlights
- Three‑unit rental property with 1,844 square feet
- Units 1 and 2 have long‑term tenants
- Attached rear garage rented separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,179
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,580
$363.6K
Cap Rate 7%
$259,700
$259.7K
Cap Rate 9%
$201,989
$202.0K
Market Conditions
NOI Build-Up for 1,844 SF
Gross rent
$27.0K $14.64/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$26.0K $14.08/SF
− OpEx
−$7.8K −$4.23/SF
NOI
$18.2K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,580
Cap Rate 7%
$259,700
Cap Rate 9%
$201,989
Alternative Uses
Best Use
Multifamily LT 5
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$227.0K
$198.6K – $264.8K
NOI $15,890 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 19604, PA
29,347
Population
10,089
Households
2.9
Avg Household Size
29
Median Age
10%
College-Educated
70%
High-School Grad
2.5 sq mi
ZIP Area
11,739
Density / Sq Mi
$52,863
Median Household Income
$30,975
Median Earnings
$1,100
Median Rent
$110,800
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 - A rear garage is rented separately, and the property also has a porch with city views.
Where is this triplex located?
The property is located at 1016 N 11TH STREET Reading, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Three‑unit rental property with 1,844 square feet; Units 1 and 2 have long‑term tenants; Attached rear garage rented separately
