11-Unit Multifamily
1220 PERKIOMEN AVENUE Reading, PA 19602
For Sale
$1,100,000
11-unit multifamily property with approximately 5,000 SF of living space and public water and sewer services.
Property Size8,464 SF
Price / SF$129.96
Days on Market26
Property Features for 1220 PERKIOMEN AVENUE
General Information
- Standard status
- Active
- Size
- 8,464 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing Agency:
Bold Realty
(610) 373-8701
Listed By:
Trent Stauffer · License #RM422216
(610) 373-8701
Source:
Xome
Added: Jun 28
Changed: Jul 23
Last Checked: Jul 23 at 3:38AM
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 Bold Realty
Investment Insights
Based on property information with market context.
This 11-unit multifamily investment property offers approximately 5,000 SF of living space. The offering is described as having a strong rental history with consistent occupancy, supported by its current income-producing operation. Public water and sewer are available.
Located in Reading, the property is noted as being convenient to shopping, dining, schools, and public transportation, with easy access to major roadways and downtown Reading.
The asset presents as a straightforward multifamily opportunity for buyers seeking an income-producing property with an established rental performance profile.
Located in Reading, the property is noted as being convenient to shopping, dining, schools, and public transportation, with easy access to major roadways and downtown Reading.
The asset presents as a straightforward multifamily opportunity for buyers seeking an income-producing property with an established rental performance profile.
Key Highlights
- 11‑unit multifamily property with approximately 5,000 SF of living space
- Public water and sewer services
- Corner lot with on‑street parking
Financial Insights For Apartment 5plus
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 | $138.1k | $16.32 |
| − Vacancy | −$5.5k | −$0.65 |
| EGI | $132.6k | $15.67 |
| − OpEx | −$59.7k | −$7.05 |
| NOI | $72.9k | $8.62 |
8,464 SF · lease $16.32/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$911.7K – $1.22M
NOI $72,934 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,262 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 11-unit multifamily property with approximately 5,000 SF of living space and public water and sewer services.
Where is this apartment building located?
The property is located at 1220 PERKIOMEN AVENUE Reading, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 11‑unit multifamily property with approximately 5,000 SF of living space; Public water and sewer services; Corner lot with on‑street parking
