Two-Unit Rental
For Sale
$575,000
10425 Old 22 Road, Kutztown, PA 19530
CommercialSale, Weisenberg Twp, PA
Property Size5,222 SF
Lot Size3.00 Acres
Price / SF$110.11
Days on Market232
Property Features for 10425 Old 22 Road
General Information
Property type
Commercial Sale
Property subtype
Apartment
Parking
20
Parking features
Off Street
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
Subdivision
Weisenberg
Standard status
Active
APN
543600274146 001
Size
5,222 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Annual Amount
6993
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Well
Amenities
private parking lot
storage shed
shared yard
Building Details
Year built
1900
Building materials
VinylSiding
Listing Agency:
Century 21 Ramos Realty · Century 21 Real Estate
(610) 866-4423
Listed By:
Anthony Ramos · License #AB068035
(484) 695-4887
Added: Jan 2
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# 769867
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 two-unit residential property includes distinct living spaces and kitchens, with substantial bedroom and bathroom capacity across both residences. The first unit has an open living and dining area, a full kitchen, 6 bedrooms, and 3 full bathrooms. The second includes a living room, eat-in kitchen, 5+ bedrooms, and 3 full bathrooms.
The 3-acre property also includes a trailer home, a private off-street parking area, a storage shed, and a shared yard serving both units. Central air conditioning, electric heat, well water, and a septic tank are in place. The property was built in 1900 and is located near major highways and shopping.
The 3-acre property also includes a trailer home, a private off-street parking area, a storage shed, and a shared yard serving both units. Central air conditioning, electric heat, well water, and a septic tank are in place. The property was built in 1900 and is located near major highways and shopping.
Key Highlights
- Two residential units on 3 acres
- 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 - Two residential units provide separate kitchens, living areas, and full bathrooms within a flexible layout.
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 residential units on 3 acres; Unit 1 includes 6 bedrooms and 3 full bathrooms; Unit 2 includes 5+ bedrooms and 3 full bathrooms
