Residential Income
New
For Sale
$284,900
116 W WINDSOR STREET, Reading, PA 19601
Built in 1905, the property has oil-fired hot-water heat and electric window units.
Property Size2,084 SF
Price / SF$136.71
Days on Market3
Property Features for 116 W WINDSOR STREET
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Residential Income
Zoning
MULTI
Taxes and HOA fees
Annual Taxes
$2,661
Amenities
Window Unit(s), Electric
Oil, Hot Water
Unfinished
Gas Water Heater
On Street
Colonial, Contemporary
Building Details
Building Size
2,084 SF
Year Built
1905
Listed By:
Mr. Nehemiah J Lindo
(484) 784-8113
Source:
Evrealestate
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 5:22PM
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 Mr. Nehemiah J Lindo
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Investment Insights
Based on property information with market context.
This residential income property was built in 1905. Interior features include electric window units, oil-fired hot-water heating, and a gas water heater. The property also includes an unfinished area and on-street parking. Its zoning designation is MULTI.
Key Highlights
- 1905 construction
- Oil‑fired hot‑water heating
- Electric window units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,958
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,160
$359.2K
Cap Rate 7%
$256,543
$256.5K
Cap Rate 9%
$199,533
$199.5K
Market Conditions
NOI Build-Up for 2,084 SF
Gross rent
$34.0K $16.32/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$32.7K $15.67/SF
− OpEx
−$14.7K −$7.05/SF
NOI
$18.0K $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%
$359,160
Cap Rate 7%
$256,543
Cap Rate 9%
$199,533
Alternative Uses
Best Use
Apartment 5plus
$256.5K
$224.5K – $299.3K
NOI $17,958 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.1K
$299.4K – $399.1K
NOI $23,948 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1905, the property has oil-fired hot-water heat and electric window units.
Where is this residential income property located?
The property is located at 116 W WINDSOR STREET Reading, PA.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: 1905 construction; Oil‑fired hot‑water heating; Electric window units
