Renovated Duplex with Updated
New
For Sale
$294,900
1027 UNION STREET, Reading, PA 19604
Fully renovated two-unit property with refreshed interiors, separate bedroom layouts, and major building-system upgrades.
Property Size2,400 SF
Price / SF$122.88
Days on Market6
Property Features for 1027 UNION STREET
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Building Details
Year Built
1900
Year Renovated
2025
Tenancy
Multi
Listing Agency:
Realty One Group Alliance
(610) 816-3873
Listed By:
Jose Espinal Gil · License #RS360737
(610) 816-3873
Source:
Cummingsrealtors
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 3 at 4:26AM
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 Realty One Group Alliance
Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex was renovated in 2025 with updated interiors and substantial building improvements. Both residences include luxury vinyl plank flooring, new kitchen cabinetry, quartz countertops, and contemporary finishes. The first unit contains 3 bedrooms and 1 full bathroom, while the second offers 4 bedrooms and 1 full bathroom.
Major work includes replacement windows, electrical systems, plumbing, and gas furnaces. The property was originally built in 1900 and combines a seven-bedroom layout with recently upgraded mechanical and interior components. Its two-unit configuration provides separate residential spaces within one renovated building.
Major work includes replacement windows, electrical systems, plumbing, and gas furnaces. The property was originally built in 1900 and combines a seven-bedroom layout with recently upgraded mechanical and interior components. Its two-unit configuration provides separate residential spaces within one renovated building.
Key Highlights
- 2,400‑square‑foot duplex renovated in 2025
- Unit 1: 3 bedrooms and 1 full bathroom
- Unit 2: 4 bedrooms and 1 full bathroom
Financial Insights For Multifamily LT 5
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 | $35.1k | $14.64 |
| − Vacancy | −$1.3k | −$0.56 |
| EGI | $33.8k | $14.08 |
| − OpEx | −$10.1k | −$4.23 |
| NOI | $23.7k | $9.86 |
2,400 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.0K
$295.8K – $394.4K
NOI $23,661 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$295.4K
$258.5K – $344.7K
NOI $20,681 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$394.0K
$344.7K – $459.7K
NOI $27,579 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
588
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated two-unit property with refreshed interiors, separate bedroom layouts, and major building-system upgrades.
Where is this duplex located?
The property is located at 1027 UNION STREET Reading, PA.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 2,400‑square‑foot duplex renovated in 2025; Unit 1: 3 bedrooms and 1 full bathroom; Unit 2: 4 bedrooms and 1 full bathroom
