Three-Unit Rowhome with Detached
New
For Sale
$250,000
142 W DOUGLASS STREET, Reading, PA 19601
Three separately metered one-bedroom apartments are fully occupied, with a detached garage behind the building.
Property Size2,435 SF
Price / SF$102.67
Days on Market7
Property Features for 142 W DOUGLASS STREET
General Information
Standard status
Active
Size
2,435 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1900
Listing Agency:
Keller Williams Platinum Realty - Wyomissing
(610) 898-1441
Listed By:
Edward Hollock · License #RS355041
(267) 664-8477
Source:
Cummingsrealtors
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 7 at 1:43PM
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 Keller Williams Platinum Realty - Wyomissing
Investment Insights
Based on property information with market context.
This 2,435-square-foot interior rowhome contains three one-bedroom apartments, each with a bedroom, bathroom, living room, and kitchen. The building dates to 1900. Each apartment has separate electric service, an individual electric water heater, and electric heat. A detached garage is located behind the property.
The property is at 142 W Douglass Street in Reading, near the Reading Historic District, schools, public transportation, restaurants, shopping, and major routes.
The property is at 142 W Douglass Street in Reading, near the Reading Historic District, schools, public transportation, restaurants, shopping, and major routes.
Key Highlights
- Three one‑bedroom apartments, each with a bedroom, bathroom, living room, and kitchen
- 2,435‑square‑foot interior rowhome built in 1900
- Separate electric service, electric water heater, and electric heat for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,982
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,640
$419.6K
Cap Rate 7%
$299,743
$299.7K
Cap Rate 9%
$233,133
$233.1K
Market Conditions
NOI Build-Up for 2,435 SF
Gross rent
$39.7K $16.32/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$38.1K $15.67/SF
− OpEx
−$17.2K −$7.05/SF
NOI
$21.0K $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%
$419,640
Cap Rate 7%
$299,743
Cap Rate 9%
$233,133
Alternative Uses
Best Use
Multifamily LT 5
$342.9K
$300.1K – $400.1K
NOI $24,006 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$299.7K
$262.3K – $349.7K
NOI $20,982 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$399.7K
$349.8K – $466.4K
NOI $27,981 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
775
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered one-bedroom apartments are fully occupied, with a detached garage behind the building.
Where is this triplex located?
The property is located at 142 W DOUGLASS STREET Reading, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three one‑bedroom apartments, each with a bedroom, bathroom, living room, and kitchen; 2,435‑square‑foot interior rowhome built in 1900; Separate electric service, electric water heater, and electric heat for each apartment
