Brick Duplex with Separate
New
For Sale
$265,000
1542 Mineral Spring Road, Reading, PA 19602
Residential, Reading City, PA
Property Size2,539 SF
Lot Size0.07 Acres
Price / SF$104.37
Days on Market2
Property Features for 1542 Mineral Spring Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bathroom 2, Bedroom 4, Laundry Room, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 1, Laundry Room
Parking features
On Street
Interior features
DiningArea
Appliances
Dryer, ElectricOven, ElectricRange, GasWaterHeater, Microwave, Refrigerator, Washer
Subdivision
Not in Development
Elementary school district
Reading
Middle school district
Reading
High school district
Reading
Directions
Mineral Spring Road between South 15th Street and South 16th Street in Reading City. Property located at 1542 Mineral Spring Rd.
Standard status
Active
APN
16-5316-06-38-5864
Size
2,539 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
2400
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
elevated rear deck
laundry facilities
Building Details
Year built
1900
Floors in Building
3
Building materials
Brick
Roof type
Asphalt, Fiberglass
Architectural style
Victorian
Listing Agency:
Realty One Group Supreme
(610) 321-3730
Listed By:
Daniel Dayoub
(484) 560-6245
Added: Oct 31
Last Checked: Nov 1 at 1:06PM
MLS# 787275
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,539-square-foot brick duplex, built in 1900, contains two apartments. The first-floor unit has a kitchen, full bathroom, living and dining areas, and finished basement space. The upper apartment occupies two floors and includes three bedrooms, a kitchen, a full bathroom, and a living area. Each unit has its own laundry facilities and separate electric service; both are occupied under month-to-month leases.
The property includes a covered front porch and elevated rear deck on a 0.07-acre lot. Central air and forced-air heating serve the building. Public water and public sewer are available, and parking is on street.
The property includes a covered front porch and elevated rear deck on a 0.07-acre lot. Central air and forced-air heating serve the building. Public water and public sewer are available, and parking is on street.
Key Highlights
- Two apartments in a 2,539‑square‑foot brick building
- Upper unit spans two floors and has three bedrooms
- First‑floor unit includes finished basement space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,878
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,560
$437.6K
Cap Rate 7%
$312,543
$312.5K
Cap Rate 9%
$243,089
$243.1K
Market Conditions
NOI Build-Up for 2,539 SF
Gross rent
$41.4K $16.32/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$39.8K $15.67/SF
− OpEx
−$17.9K −$7.05/SF
NOI
$21.9K $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%
$437,560
Cap Rate 7%
$312,543
Cap Rate 9%
$243,089
Alternative Uses
Best Use
Multifamily LT 5
$357.6K
$312.9K – $417.2K
NOI $25,031 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$312.5K
$273.5K – $364.6K
NOI $21,878 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$416.8K
$364.7K – $486.3K
NOI $29,176 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
456
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied apartments have individual electric service and month-to-month leases.
Where is this duplex located?
The property is located at 1542 Mineral Spring Road Reading, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two apartments in a 2,539‑square‑foot brick building; Upper unit spans two floors and has three bedrooms; First‑floor unit includes finished basement space
