5-Unit Apartment
New
For Sale
$449,999
128-130 ELM STREET, Reading, PA 19601
On-site parking serves the residential property in Reading.
Property Size3,994 SF
Price / SF$112.67
Days on Market4
Property Features for 128-130 ELM STREET
General Information
Standard status
Active
Size
3,994 SF
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Multifamily Units
5
Building Details
Year Built
1892
Year Renovated
2024
Listing Agency:
Coldwell Banker Realty
(610) 373-9900
Listed By:
Mini J Castaneda · License #RS345025
(610) 507-6352
Source:
Cummingsrealtors
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 7:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Reading apartment property contains 5 residential units and parking spaces. The building dates to 1892 and received renovations in 2024. It is located at 128-130 Elm Street.
The property is in a central area of Reading, with access to downtown, public transportation, shopping, restaurants, and everyday amenities.
The property is in a central area of Reading, with access to downtown, public transportation, shopping, restaurants, and everyday amenities.
Key Highlights
- Five residential units at 128‑130 Elm Street
- Renovated in 2024
- Building constructed in 1892
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,416
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,320
$688.3K
Cap Rate 7%
$491,657
$491.7K
Cap Rate 9%
$382,400
$382.4K
Market Conditions
NOI Build-Up for 3,994 SF
Gross rent
$65.2K $16.32/SF
− Vacancy
−$2.6K −$0.65/SF
EGI
$62.6K $15.67/SF
− OpEx
−$28.2K −$7.05/SF
NOI
$34.4K $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%
$688,320
Cap Rate 7%
$491,657
Cap Rate 9%
$382,400
Alternative Uses
Best Use
Apartment 5plus
$491.7K
$430.2K – $573.6K
NOI $34,416 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$655.7K
$573.7K – $764.9K
NOI $45,896 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,296
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - On-site parking serves the residential property in Reading.
Where is this apartment building located?
The property is located at 128-130 ELM STREET Reading, PA.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Five residential units at 128‑130 Elm Street; Renovated in 2024; Building constructed in 1892
