Three-Bedroom End-Unit
For Sale
$459,000
1930 MEADOW LANE, Wyomissing, PA 19610
One-level living includes direct, step-free access from the driveway to the entry and oversized two-car garage.
Property Size1,650 SF
Price / SF$278.18
Days on Market12
Property Features for 1930 MEADOW LANE
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Year Built
1987
Listing Agency:
BHHS Homesale Realty- Reading Berks
Listed By:
Regina A Wheelan · License #RS296966
(610) 372-3200
Source:
Cummingsrealtors
Added: Sep 25
Changed: Oct 6
Last Checked: Oct 5 at 6:05PM
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 BHHS Homesale Realty- Reading Berks
Investment Insights
Based on property information with market context.
Built in 1987, this three-bedroom end-unit residence combines main-level living with additional finished space below. The living room features cathedral ceilings, a wood-burning fireplace, built-in shelving and French doors to a covered composite deck. An eat-in kitchen, dining area, primary suite with remodeled accessible bath, and a second bedroom currently used as a den complete the main floor. The finished lower level adds 534 square feet, including a recreation room, third bedroom and storage room with daylight windows throughout.
The driveway and walkway provide step-free entry, and the home has an oversized two-car garage. Improvements include new windows, Hardy plank siding, a newer furnace and air conditioning system, and a newer water heater. The residence sits at the rear of Wyomissing Meadows on a no-through street, near the Wyomissing Park System, which includes over 350 acres of parkland, trails, a community pool, tennis courts and Wyomissing Creek.
The driveway and walkway provide step-free entry, and the home has an oversized two-car garage. Improvements include new windows, Hardy plank siding, a newer furnace and air conditioning system, and a newer water heater. The residence sits at the rear of Wyomissing Meadows on a no-through street, near the Wyomissing Park System, which includes over 350 acres of parkland, trails, a community pool, tennis courts and Wyomissing Creek.
Key Highlights
- Three‑bedroom end unit with one‑level living and step‑free access from driveway to entry
- Oversized two‑car garage
- Finished lower level adds 534 square feet, including a recreation room and third bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,218
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,360
$284.4K
Cap Rate 7%
$203,114
$203.1K
Cap Rate 9%
$157,978
$158.0K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$26.9K $16.32/SF
− Vacancy
−$1.1K −$0.65/SF
EGI
$25.9K $15.67/SF
− OpEx
−$11.6K −$7.05/SF
NOI
$14.2K $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%
$284,360
Cap Rate 7%
$203,114
Cap Rate 9%
$157,978
Alternative Uses
Best Use
Apartment 5plus
$203.1K
$177.7K – $237.0K
NOI $14,218 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.9K
$237.0K – $316.0K
NOI $18,960 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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Business Placement
Demographics for 19610, PA
16,024
Population
7,327
Households
2.2
Avg Household Size
46
Median Age
54%
College-Educated
98%
High-School Grad
7.1 sq mi
ZIP Area
2,257
Density / Sq Mi
$91,034
Median Household Income
$52,707
Median Earnings
$1,669
Median Rent
$320,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-level living includes direct, step-free access from the driveway to the entry and oversized two-car garage.
Where is this residential income property located?
The property is located at 1930 MEADOW LANE Wyomissing, PA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Three‑bedroom end unit with one‑level living and step‑free access from driveway to entry; Oversized two‑car garage; Finished lower level adds 534 square feet, including a recreation room and third bedroom
