Well-Maintained Duplex Rental
1278 READING RD Denver, PA 17517
1278 READING RD, Denver, PA, 17517
$257,900
For Sale
Under Contract
$257,900
MULTI_FAMILY - Other - DENVER, PA
Property Size2,218 SF
Lot Size0.08 Acres
Price / SF$116.28
Days on Market47
Property Features for 1278 READING RD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Driveway, Offsite
- Standard status
- Active Under Contract
- Size
- 2,218 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2478
Utilities
- Heating system
- Baseboard, Forced Air, Electric (Heating)
Building Details
- Year built
- 1850
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Other
Listing Agency
Keller Williams Real Estate-Montgomeryville
(215) 631-1900
601 Bethlehem Pike unit: 100, Montgomeryville, PA
Listed by
Mariel A Gniewoz · License #AB069162
(610) 310-6408
Added: Jun 4 Updated: Jul 13 at 11:11 am Checked: Jul 20 at 7:06 pm
MLS# PALA2089144
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two occupied rental units, each with 2 bedrooms and 1 full bath, along with in-unit laundry for added convenience. The units have separate electric and heating systems, which can help simplify utility responsibility for tenants. The first-floor unit includes a recently updated bathroom with a handicap-accessible shower and new carpeting.
The property is located in Brecknock Township in Denver, Pennsylvania, at 1278 Reading Rd. It is a compact parcel with a total building size of 2,218 square feet.
The owner has already completed several major improvements, including sewer pipe improvements in 2025, a newer rubber roof with a 20-year warranty installed in 2024, and a new HVAC system also installed in 2024. Additional updates include updated water heaters and a new pressure-treated deck. Current tenancy is long-term, with the upper unit renting for $900 per month and the lower unit renting for $950 per month. For buyers seeking an income-producing residential duplex with meaningful capital work completed, this property provides a straightforward two-unit configuration supported by recent system updates. It may also appeal to buyers considering future flexibility, subject to applicable requirements and approvals.
The property is located in Brecknock Township in Denver, Pennsylvania, at 1278 Reading Rd. It is a compact parcel with a total building size of 2,218 square feet.
The owner has already completed several major improvements, including sewer pipe improvements in 2025, a newer rubber roof with a 20-year warranty installed in 2024, and a new HVAC system also installed in 2024. Additional updates include updated water heaters and a new pressure-treated deck. Current tenancy is long-term, with the upper unit renting for $900 per month and the lower unit renting for $950 per month. For buyers seeking an income-producing residential duplex with meaningful capital work completed, this property provides a straightforward two-unit configuration supported by recent system updates. It may also appeal to buyers considering future flexibility, subject to applicable requirements and approvals.
Key Highlights
- Duplex with 2 occupied long‑term rental units (each unit: 2 bedrooms, 1 full bath).
- In‑unit laundry for both units.
- Upper unit rents for $900/month; lower unit rents for $950/month.
Local 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 | $39.9k | $18.00 |
| − Vacancy | −$200 | −$0.09 |
| EGI | $39.7k | $17.91 |
| − OpEx | −$17.9k | −$8.06 |
| NOI | $21.8k | $9.85 |
2,218 SF · lease $18.00/SF/yr · vacancy 0.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.9K
$309.7K – $412.9K
NOI $24,775 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$312.1K
$273.1K – $364.1K
NOI $21,848 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,029 @ 7.0% cap · market cap 20.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two occupied 2-bedroom units, in-unit laundry, and separate utilities, with multiple recent system upgrades.
Where is this duplex located?
The property is located at 1278 READING RD Denver, PA.
What is the asking price?
The asking price for this property is $257,900.
What are key features of this property?
This property features: Duplex with 2 occupied long‑term rental units (each unit: 2 bedrooms, 1 full bath).; In‑unit laundry for both units.; Upper unit rents for $900/month; lower unit rents for $950/month.
