3-Unit Brick
For Sale
$349,000
1016 N 11TH Street, Reading, PA 19604
Multi-Family, READING, PA
Property Size1,844 SF
Lot Size0.04 Acres
Price / SF$189.26
Days on Market9
Property Features for 1016 N 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
1
Parking features
On Street, Garage
Appliances
Oven/Range - Gas, Refrigerator
Subdivision
READING
Elementary school
12TH-MARION
Middle school
NORTHEAST
High school
READING SENIOR
Elementary school district
READING
Middle school district
READING
High school district
READING
Standard status
Active
Size
1,844 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1782
Utilities
Heating system
Baseboard, Other (Heating), Electric (Heating)
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Destination Realty LLC
(610) 743-3310
Listed By:
Sean H Moretti · License #RM421788
(484) 769-3209
Added: Sep 28
Last Checked: Oct 6 at 6:06AM
MLS# PABK2078818
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.
Built in 1900, this 1,844-square-foot Victorian triplex has brick construction and three apartment units. A rear garage is rented separately, and a rear porch offers city views. The building also includes a basement, gas range, and refrigerator; electric baseboard and other electric heating are listed.
On-street parking is available. Public transportation, shopping, and neighborhood amenities are accessible nearby. Long-term tenants occupy Units 1 and 2.
On-street parking is available. Public transportation, shopping, and neighborhood amenities are accessible nearby. Long-term tenants occupy Units 1 and 2.
Key Highlights
- Three‑unit Victorian property with 1,844 square feet of building area
- Brick construction and a rear porch with city views
- 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 - Three apartment units are complemented by a separately rented rear garage and a porch overlooking the city.
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 Victorian property with 1,844 square feet of building area; Brick construction and a rear porch with city views; Attached rear garage rented separately
