Two-Unit Duplex with
For Sale
$575,000
10425 Old 22 Rd, Kutztown, PA 19530
Flexible duplex configuration with substantial bedroom capacity, private parking, a trailer home, storage shed, and shared outdoor space.
Property Size5,222 SF
Lot Size3.00 Acres
Price / SF$110.11
Days on Market47
Property Features for 10425 Old 22 Rd
General Information
Standard status
Active
Size
5,222 SF
Lot size
3.00 Acres
Units
Unit Mix
1 x 6BR/3BA, 1 x 5+BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private parking lot
storage shed
shared yard
Building Details
Year Built
1900
Listing Agency:
Century 21 Ramos Realty
(610) 866-4423
Listed By:
Anthony Ramos · License #AB068035
Source:
Jennysoldmine
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 30 at 7:16PM
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 Century 21 Ramos Realty
Investment Insights
Based on property information with market context.
This two-unit duplex includes a total building area reported as 5,222 square feet and sits on 3 acres. The first residence has an open living and dining area, full kitchen, 6 bedrooms, and 3 full bathrooms. The second offers a living room, eat-in kitchen, 5+ bedrooms, and 3 full bathrooms. Both units share access to an outdoor yard intended for tenant use.
The property also includes a trailer home, a large private parking area, a side yard, and a storage shed. Its former hotel configuration has been adapted for two-unit residential use, providing an unusually spacious layout within a single property. Shopping and major highways are located nearby.
The property also includes a trailer home, a large private parking area, a side yard, and a storage shed. Its former hotel configuration has been adapted for two-unit residential use, providing an unusually spacious layout within a single property. Shopping and major highways are located nearby.
Key Highlights
- Two‑unit duplex on 3 acres with 5,222 square feet of building area
- Unit 1 includes 6 bedrooms and 3 full bathrooms
- Unit 2 includes 5+ bedrooms and 3 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,481
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,620
$1.0M
Cap Rate 7%
$735,443
$735.4K
Cap Rate 9%
$572,011
$572.0K
Market Conditions
NOI Build-Up for 5,222 SF
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.
Gross rent
$76.5K $14.64/SF
− Vacancy
−$2.9K −$0.56/SF
EGI
$73.5K $14.08/SF
− OpEx
−$22.1K −$4.23/SF
NOI
$51.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,029,620
Cap Rate 7%
$735,443
Cap Rate 9%
$572,011
Alternative Uses
Best Use
Multifamily LT 5
$735.4K
$643.5K – $858.0K
NOI $51,481 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$642.8K
$562.5K – $750.0K
NOI $44,998 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$857.2K
$750.1K – $1.00M
NOI $60,007 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 19530, PA
14,830
Population
4,921
Households
3
Avg Household Size
30
Median Age
34%
College-Educated
93%
High-School Grad
54.6 sq mi
ZIP Area
272
Density / Sq Mi
$74,138
Median Household Income
$20,122
Median Earnings
$1,158
Median Rent
$265,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Flexible duplex configuration with substantial bedroom capacity, private parking, a trailer home, storage shed, and shared outdoor space.
Where is this duplex located?
The property is located at 10425 Old 22 Rd Kutztown, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex on 3 acres with 5,222 square feet of building area; Unit 1 includes 6 bedrooms and 3 full bathrooms; Unit 2 includes 5+ bedrooms and 3 full bathrooms
