Duplex Rental Property with Shared Backyard
For Sale
$575,000
10425 Old 22 Road, Kutztown, PA 19530
MULTI_FAMILY - Weisenberg Twp, PA
Property Size5,222 SF
Price / SF$110.11
Days on Market222
Property Features for 10425 Old 22 Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Rv
Bedrooms
13
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bedroom 3, Bedroom 9, Bedroom 1, Bedroom 12, Bedroom 7, Bathroom 6, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 10, Bedroom 11, Bedroom 13, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 4
Parking
20
Subdivision
Not in Development
Elementary school district
Northwestern Lehigh
Middle school district
Northwestern Lehigh
High school district
Northwestern Lehigh
Directions
78 W to exit 45 - L on PA 863 - R on Old US 22
Standard status
Active
APN
543600274146 001
Size
5,222 SF
Taxes and HOA fees
Tax Annual Amount
6993
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
1900
Number of units
2
Building materials
VinylSiding
Listing Agency:
Century 21 Ramos Realty · Century 21 Real Estate
(610) 866-4423
Listed By:
Anthony Ramos · License #AB068035
(610) 866-4423
Added: Jan 2
Changed: Aug 5
Last Checked: Aug 12 at 7:06AM
MLS# 769865
Copyright © 2026 Greater Lehigh Valley REALTORS. 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.
This duplex rental property was converted from a previously used hotel into a two-unit setup designed for tenant comfort and flexible occupancy. Unit 1 offers a large open concept living/dining area, kitchen, six generously sized bedrooms, and three full baths. Unit 2 features a huge living room, eat-in kitchen, five comfortably sized bedrooms, and three full baths. The backyard can be accessed from both units, creating shared outdoor convenience for tenants.
The rear trailer home is included and will add income once fixed up. The property is zoned Rv and built in 1900 with vinyl siding. Heating includes baseboard and electric heating, with central air cooling. Water is provided by a well and wastewater is handled by a septic tank.
For location, the property sits at 10425 Old 22 Road in Weisenberg Twp, PA, with easy access to major highways and shopping.
The rear trailer home is included and will add income once fixed up. The property is zoned Rv and built in 1900 with vinyl siding. Heating includes baseboard and electric heating, with central air cooling. Water is provided by a well and wastewater is handled by a septic tank.
For location, the property sits at 10425 Old 22 Road in Weisenberg Twp, PA, with easy access to major highways and shopping.
Key Highlights
- Two rental units in a converted property with shared backyard access
- Unit 1: open concept living/dining, kitchen, six bedrooms, three full baths
- Unit 2: huge living room, eat‑in kitchen, five bedrooms, three full baths
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
Multi-tenant
Tenancy
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 - Two rental units in a converted property with shared backyard access, including a rear trailer home.
Where is this duplex located?
The property is located at 10425 Old 22 Road 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 rental units in a converted property with shared backyard access; Unit 1: open concept living/dining, kitchen, six bedrooms, three full baths; Unit 2: huge living room, eat‑in kitchen, five bedrooms, three full baths
