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    5 Penn Ave Wernersville, PA 19565

    Sponsored
    For Sale
    $2,850,000

    Historic 42-Unit Building, High NOI

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 42-unit multi-family property located at 5 E Penn Avenue, Wernersville, PA. The 8,000 square foot building sits on a 0.41-acre lot and is currently generating a projected annual net operating income (NOI) of $430,000. The property boasts a diverse tenant mix, including 38 residential rooming units (17 with private bathrooms) and four thriving commercial spaces. These commercial units comprise a bar, a cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area suitable for events, along with a thrift shop. Adding to the investment potential is an included additional parcel across the street, encompassing a barn with its own parking lot. This secondary parcel, with existing zoning approval, offers significant expansion possibilities, potentially allowing for additional storage, parking, or even further residential units. The property's prime location in a high-traffic area ensures consistent occupancy and income. This historic building offers a blend of stable income and substantial upside potential for a discerning investor. Detailed financial information is available upon request. All offers will be considered.

    Property Features for 5 Penn Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    8,000 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    Penn Werner Hotel Bar Penn Werner Hotel ... Bar BigDaveIsFat Entertainment Agency ATM Atm True's Cuppa Love Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wernersville
    County
    Berks
    State
    Pennsylvania
    Longitude
    -76.07944
    Latitude
    40.32981

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Residential income property - Historic 42-Unit Building, High NOI
    Where is this residential income property located?
    The property is located at 5 Penn Ave Wernersville, PA.
    What is the asking price?
    The asking price for this property is $2,850,000.
    (610) 985-7700
    Request Owner's contact information
    5 Penn Ave Wernersville, PA 19565
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    Wernersville, PA 19565
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Penn Ave Wernersville, PA 19565
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