Updated Duplex with Vacant
933 North 12th Street Reading, PA 19604
933 North 12th Street, Reading, PA, 19604
$230,000
Pending
For Sale
$230,000
Pending
Duplex with two updated, currently vacant units, including basement access and a second-story covered porch.
Property Size1,898 SF
Days on Market93
Property Features for 933 North 12th Street
General Information
- Standard status
- Pending
- Size
- 1,898 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing agency
Keller Williams Realty Group
(267) 237-1415
Listed by
Gregory A Hayes Jr. · License #RS331498
(267) 237-1415
Source
Compass
Added: Apr 21 Updated: Jul 20 at 9:11PM Checked: Jul 21 at 8:10AM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This updated duplex at 933 N. 12th Street offers two renovated, currently vacant units ready to rent. Unit 1 is a 2-bedroom, 1-bath layout with basement access through the kitchen and access to the rear of the property. The unit includes a completely renovated kitchen and full bathroom, along with replaced flooring, drywall, and lighting in the dining and living rooms.
Unit 2 is accessed via a rear staircase to a covered second-story porch, and entry is through an updated kitchen with a butcher block countertop. Unit 2 features a full bathroom near the steps to the third floor, where there is a 1-bedroom and a loft area.
The property is presented as a duplex investment with the flexibility for an owner-occupant to live in one unit and rent the other.
Unit 2 is accessed via a rear staircase to a covered second-story porch, and entry is through an updated kitchen with a butcher block countertop. Unit 2 features a full bathroom near the steps to the third floor, where there is a 1-bedroom and a loft area.
The property is presented as a duplex investment with the flexibility for an owner-occupant to live in one unit and rent the other.
Key Highlights
- Duplex built in 1910 with two updated units that are currently vacant and ready to rent
- Unit 1 is a 2 bed/1 bath with basement access and access to the rear of the property
- Unit 1 updates include a completely renovated kitchen and full bathroom plus replaced flooring, drywall, and lighting in the dining and living rooms
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 | $27.8k | $14.64 |
| − Vacancy | −$1.1k | −$0.56 |
| EGI | $26.7k | $14.08 |
| − OpEx | −$8.0k | −$4.23 |
| NOI | $18.7k | $9.86 |
1,898 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.3K
$233.9K – $311.9K
NOI $18,712 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$233.6K
$204.4K – $272.6K
NOI $16,355 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$311.6K
$272.6K – $363.5K
NOI $21,810 @ 7.0% cap · market cap 9.48%
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 - Duplex with two updated, currently vacant units, including basement access and a second-story covered porch.
Where is this duplex located?
The property is located at 933 North 12th Street Reading, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Duplex built in 1910 with two updated units that are currently vacant and ready to rent; Unit 1 is a 2 bed/1 bath with basement access and access to the rear of the property; Unit 1 updates include a completely renovated kitchen and full bathroom plus replaced flooring, drywall, and lighting in the dining and living rooms
