Five-Unit Apartment
For Sale
$379,000
1059 Moss St, Reading, PA 19604
Fully occupied five 1-bedroom apartments with tenant-paid electric, heat, and hot water.
Property Size3,200 SF
Price / SF$118.44
Days on Market49
Property Features for 1059 Moss St
General Information
Standard status
Active
Size
3,200 SF
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1900
Listing Agency:
JM Diamond Realty
Listed By:
Lourdes Gonzalez-Nieves
(610) 507-1546
Source:
Kandorre
Added: Jul 21
Changed: Sep 6
Last Checked: Sep 7 at 11:40AM
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 JM Diamond Realty
Investment Insights
Based on property information with market context.
1059 Moss St is a fully occupied apartment building offering five 1-bedroom units. The property is set up so tenants pay their own electric, heat, and hot water, while the owner is responsible for water, sewer, and trash.
The building is positioned as a long-term rental asset, with all units currently occupied. This configuration can help keep owner expenses limited to water, sewer, and trash.
For sale as an income-producing residential income property with five 1-bedroom apartments in place.
The building is positioned as a long-term rental asset, with all units currently occupied. This configuration can help keep owner expenses limited to water, sewer, and trash.
For sale as an income-producing residential income property with five 1-bedroom apartments in place.
Key Highlights
- Fully occupied income‑producing property with five 1‑bedroom apartments
- Long‑term tenants in place
- Tenants pay their own electric, heat, and hot water
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,574
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,480
$551.5K
Cap Rate 7%
$393,914
$393.9K
Cap Rate 9%
$306,378
$306.4K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$52.2K $16.32/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$50.1K $15.67/SF
− OpEx
−$22.6K −$7.05/SF
NOI
$27.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,480
Cap Rate 7%
$393,914
Cap Rate 9%
$306,378
Alternative Uses
Best Use
Apartment 5plus
$393.9K
$344.7K – $459.6K
NOI $27,574 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.3K
$459.7K – $612.9K
NOI $36,772 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 19604, PA
29,347
Population
10,089
Households
2.9
Avg Household Size
29
Median Age
10%
College-Educated
70%
High-School Grad
2.5 sq mi
ZIP Area
11,739
Density / Sq Mi
$52,863
Median Household Income
$30,975
Median Earnings
$1,100
Median Rent
$110,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied five 1-bedroom apartments with tenant-paid electric, heat, and hot water.
Where is this apartment building located?
The property is located at 1059 Moss St Reading, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Fully occupied income‑producing property with five 1‑bedroom apartments; Long‑term tenants in place; Tenants pay their own electric, heat, and hot water
