Updated Two-Unit Residential
105 Parkview Avenue Reading, PA 19606
105 Parkview Avenue, Reading, PA, 19606
$339,900
For Sale
$339,900
Two updated units feature separate utilities, in-unit laundry, and newer gas forced-air heating systems.
Property Size1,620 SF
Price / SF$209.81
Days on Market115
Property Features for 105 Parkview Avenue
General Information
- Standard status
- Active
- Size
- 1,620 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Of Reading
(484) 256-7956
Listed by
Mark J Shanaman · License #RS182255L
(484) 256-7956
Source
Compass
Added: Mar 30 Updated: Jul 22 at 12:10AM Checked: Jul 22 at 12:10AM
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 RE/MAX Of Reading
Investment Insights
Based on property information with market context.
This updated two-unit residential income property offers a 1st floor and a 2nd floor unit, each with in-unit laundry. The 1st floor includes a living room, two bedrooms, a full eat-in kitchen, an enclosed porch with a laundry area, and a large covered front porch. The 2nd floor unit was recently remodeled with updated kitchen cabinets, new appliances, updated flooring, and fresh paint. The bathroom was also updated with a new sink/vanity and a new toilet, and the unit includes two bedrooms, an eat-in kitchen, and a full laundry room.
Both units have new updated gas forced air heating systems and gas water heaters. The gas and electric are separately metered, with the tenant paying for heat, hot water, and electric, while the owner pays for trash, water, sewer, taxes, and insurance. The exterior was entirely repainted in 2022.
Located at 105 Parkview Avenue in Lower Alsace Township, this well maintained, updated duplex-style building is ready for an in-person appointment.
Both units have new updated gas forced air heating systems and gas water heaters. The gas and electric are separately metered, with the tenant paying for heat, hot water, and electric, while the owner pays for trash, water, sewer, taxes, and insurance. The exterior was entirely repainted in 2022.
Located at 105 Parkview Avenue in Lower Alsace Township, this well maintained, updated duplex-style building is ready for an in-person appointment.
Key Highlights
- Updated 2‑unit building built in 1920
- Each unit includes in‑unit laundry (1st floor has laundry area; 2nd floor has a full laundry room)
- Separate gas and electric metering; tenants pay for heat, hot water, and electric
Local 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 | $23.7k | $14.64 |
| − Vacancy | −$901 | −$0.56 |
| EGI | $22.8k | $14.08 |
| − OpEx | −$6.8k | −$4.23 |
| NOI | $16.0k | $9.86 |
1,620 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$228.2K
$199.6K – $266.2K
NOI $15,971 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$199.4K
$174.5K – $232.7K
NOI $13,959 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units feature separate utilities, in-unit laundry, and newer gas forced-air heating systems.
Where is this duplex located?
The property is located at 105 Parkview Avenue Reading, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Updated 2‑unit building built in 1920; Each unit includes in‑unit laundry (1st floor has laundry area; 2nd floor has a full laundry room); Separate gas and electric metering; tenants pay for heat, hot water, and electric
