5-Unit Apartment
For Sale
$470,000
1330 Perkiomen Ave, Reading, PA 19602
Multifamily property with current rental leases on Perkiomen Ave.
Property Size4,418 SF
Price / SF$106.38
Days on Market71
Property Features for 1330 Perkiomen Ave
General Information
Standard status
Active
Size
4,418 SF
Additional Details
Multifamily Units
5
Building Details
Year Built
1898
Listing Agency:
Pagoda Realty ERA Powered
Listed By:
Jimmy Thelusca · License #RS333622
(862) 352-7532
Source:
Lgagne
Added: Aug 8
Changed: Oct 12
Last Checked: Oct 7 at 3:23PM
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 Pagoda Realty ERA Powered
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Investment Insights
Based on property information with market context.
This apartment property contains 5 residential units within a 4,418-square-foot building constructed in 1898. Current rental leases are in place across the units, providing an existing multifamily configuration for an investor or owner-operator.
The property is located at 1330 Perkiomen Ave in Reading, Pennsylvania. The five units may be acquired individually or as part of a package containing up to 19 total units.
The property is located at 1330 Perkiomen Ave in Reading, Pennsylvania. The five units may be acquired individually or as part of a package containing up to 19 total units.
Key Highlights
- Five residential units in one apartment property
- 4,418‑square‑foot building constructed in 1898
- Current rental leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,070
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,400
$761.4K
Cap Rate 7%
$543,857
$543.9K
Cap Rate 9%
$423,000
$423.0K
Market Conditions
NOI Build-Up for 4,418 SF
Gross rent
$72.1K $16.32/SF
− Vacancy
−$2.9K −$0.65/SF
EGI
$69.2K $15.67/SF
− OpEx
−$31.1K −$7.05/SF
NOI
$38.1K $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%
$761,400
Cap Rate 7%
$543,857
Cap Rate 9%
$423,000
Alternative Uses
Best Use
Apartment 5plus
$543.9K
$475.9K – $634.5K
NOI $38,070 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$725.3K
$634.6K – $846.1K
NOI $50,768 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 19602, PA
19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with current rental leases on Perkiomen Ave.
Where is this apartment building located?
The property is located at 1330 Perkiomen Ave Reading, PA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Five residential units in one apartment property; 4,418‑square‑foot building constructed in 1898; Current rental leases in place
