Duplex with Detached
For Sale
$245,000
112 N 4TH STREET, Reading, PA 19601
The two apartments offer a two-bedroom layout downstairs and a five-bedroom arrangement on the upper level.
Property Size1,926 SF
Price / SF$127.21
Days on Market9
Property Features for 112 N 4TH STREET
General Information
Standard status
Active
Size
1,926 SF
Property subtype
Duplex
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(610) 373-9900
Listed By:
Thomas Degler · License #RB289951
(610) 207-9631
Source:
Cummingsrealtors
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 5 at 6:57PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,926-square-foot duplex in Reading contains two apartments: a first-floor unit with 2 bedrooms and 1 full bath, and an upper-floor unit with 5 bedrooms and 1 full bath. Wood flooring runs throughout, and the property also includes a fenced backyard and detached garage. Built in 1900, the building has a month-to-month tenancy in the first-floor unit; the upper-floor lease runs through December 31. Tenants pay their own electric and heat costs. The buyer is responsible for repairs identified through the municipal inspection.
Key Highlights
- Two‑unit building totaling 1,926 square feet
- First‑floor apartment has 2 bedrooms and 1 full bath
- Upper‑floor apartment has 5 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,988
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,760
$379.8K
Cap Rate 7%
$271,257
$271.3K
Cap Rate 9%
$210,978
$211.0K
Market Conditions
NOI Build-Up for 1,926 SF
Gross rent
$28.2K $14.64/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$27.1K $14.08/SF
− OpEx
−$8.1K −$4.23/SF
NOI
$19.0K $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 Rate 5%
$379,760
Cap Rate 7%
$271,257
Cap Rate 9%
$210,978
Alternative Uses
Best Use
Multifamily LT 5
$271.3K
$237.4K – $316.5K
NOI $18,988 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$237.1K
$207.5K – $276.6K
NOI $16,596 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$316.2K
$276.7K – $368.9K
NOI $22,132 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,763
Businesses Nearby
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two apartments offer a two-bedroom layout downstairs and a five-bedroom arrangement on the upper level.
Where is this duplex located?
The property is located at 112 N 4TH STREET Reading, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit building totaling 1,926 square feet; First‑floor apartment has 2 bedrooms and 1 full bath; Upper‑floor apartment has 5 bedrooms and 1 full bath
