Two-Unit Residential Income
1319 Perry Street Reading, PA 19604
1319 Perry Street, Reading, PA, 19604
$275,000
For Sale
$275,000
Well-kept two-unit duplex in Northeast Reading with newer heating and both units currently occupied.
Property Size1,816 SF
Price / SF$151.43
Days on Market150
Property Features for 1319 Perry Street
General Information
- Standard status
- Active
- Size
- 1,816 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Realty
(941) 842-6100
Listed by
Ronald A Samsel
(941) 842-6100
Source
Compass
Added: Feb 21 Updated: Jul 20 at 6:00PM Checked: Jul 20 at 6:00PM
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
Investment Insights
Based on property information with market context.
This very nice, well-kept two-unit residential income property offers two separate units within a duplex configuration. The first-floor unit is a one-bedroom that is described as long-term occupied, and the second and third floors comprise a larger four-bedroom layout on a month-to-month basis. A garage is also used as storage by the first-floor tenant. The property includes a newer oil furnace and a newer electric hot water heater.
Located in Northeast Reading in Berks County, the listing notes a bus stop within one mile and an airport less than 10 miles away. Reading Senior (Berks PA) is referenced as the high school, and the property is within the Reading school district.
For showings, the listing states that 24-hour notice is required.
Located in Northeast Reading in Berks County, the listing notes a bus stop within one mile and an airport less than 10 miles away. Reading Senior (Berks PA) is referenced as the high school, and the property is within the Reading school district.
For showings, the listing states that 24-hour notice is required.
Key Highlights
- 2‑unit duplex in Northeast Reading, fully rented (1st‑floor 1BR long‑term tenant; 2nd/3rd‑floor 4BR unit on month to month)
- Monthly rent: 1st‑floor tenant pays $900; 2nd/3rd‑floor unit at $1,050 (per listing, potential to be $1,500)
- Newer oil furnace and newer electric hot water heater
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 | $26.6k | $14.64 |
| − Vacancy | −$1.0k | −$0.56 |
| EGI | $25.6k | $14.08 |
| − OpEx | −$7.7k | −$4.23 |
| NOI | $17.9k | $9.86 |
1,816 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.8K
$223.8K – $298.4K
NOI $17,903 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$223.5K
$195.6K – $260.8K
NOI $15,648 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$298.1K
$260.9K – $347.8K
NOI $20,868 @ 7.0% cap · market cap 7.59%
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 - Well-kept two-unit duplex in Northeast Reading with newer heating and both units currently occupied.
Where is this duplex located?
The property is located at 1319 Perry Street Reading, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2‑unit duplex in Northeast Reading, fully rented (1st‑floor 1BR long‑term tenant; 2nd/3rd‑floor 4BR unit on month to month); Monthly rent: 1st‑floor tenant pays $900; 2nd/3rd‑floor unit at $1,050 (per listing, potential to be $1,500); Newer oil furnace and newer electric hot water heater
