Five-Unit Apartment
For Sale
$379,000
1059 Moss St, Reading, PA 19604
Fully occupied five 1-bedroom apartments with tenant-paid electric, heat, and hot water.
Property Size3,200 SF
Price / SF$118.44
Days on Market95
Property Features for 1059 Moss St
General Information
Standard status
Active
Size
3,200 SF
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1900
Listing Agency:
JM Diamond Realty
Listed By:
Lourdes Gonzalez-Nieves
(610) 507-1546
Source:
Kableteam
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 20 at 9:29PM
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 JM Diamond Realty
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Investment Insights
Based on property information with market context.
1059 Moss St is a fully occupied apartment building offering five 1-bedroom units. The property is set up so tenants pay their own electric, heat, and hot water, while the owner is responsible for water, sewer, and trash.
The building is positioned as a long-term rental asset, with all units currently occupied. This configuration can help keep owner expenses limited to water, sewer, and trash.
For sale as an income-producing residential income property with five 1-bedroom apartments in place.
The building is positioned as a long-term rental asset, with all units currently occupied. This configuration can help keep owner expenses limited to water, sewer, and trash.
For sale as an income-producing residential income property with five 1-bedroom apartments in place.
Key Highlights
- Fully occupied income‑producing property with five 1‑bedroom apartments
- Long‑term tenants in place
- Tenants pay their own electric, heat, and hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,574
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,480
$551.5K
Cap Rate 7%
$393,914
$393.9K
Cap Rate 9%
$306,378
$306.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$52.2K $16.32/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$50.1K $15.67/SF
− OpEx
−$22.6K −$7.05/SF
NOI
$27.6K $8.62/SF
Area
Berks County, PA
Vacancy
4.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,480
Cap Rate 7%
$393,914
Cap Rate 9%
$306,378
Alternative Uses
Best Use
Apartment 5plus
$393.9K
$344.7K – $459.6K
NOI $27,574 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.3K
$459.7K – $612.9K
NOI $36,772 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 19604, PA
29,347
Population
10,089
Households
2.9
Avg Household Size
29
Median Age
10%
College-Educated
70%
High-School Grad
2.5 sq mi
ZIP Area
11,739
Density / Sq Mi
$52,863
Median Household Income
$30,975
Median Earnings
$1,100
Median Rent
$110,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied five 1-bedroom apartments with tenant-paid electric, heat, and hot water.
Where is this apartment building located?
The property is located at 1059 Moss St Reading, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Fully occupied income‑producing property with five 1‑bedroom apartments; Long‑term tenants in place; Tenants pay their own electric, heat, and hot water
