Mixed-Use Building with
For Sale
$650,000
226 N 10th St, Reading, PA 19601
Well-maintained mixed-use building with a vacant storefront and seven residential units, including one apartment in progress.
Property Size3,000 SF
Price / SF$216.67
Days on Market93
Property Features for 226 N 10th St
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Multifamily Units
7
Building Details
Year Built
1900
Listing Agency:
Iron Valley Real Estate of Berks
Listed By:
Veronica Palmer · License #RS350596
(484) 663-9476
Source:
Premierehomegroup
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 21 at 1:48AM
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 Iron Valley Real Estate of Berks
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Investment Insights
Based on property information with market context.
This mixed-use property includes a vacant commercial storefront and seven residential units, with six units currently occupied. The residential mix consists of six 1-bedroom apartments and one 2-bedroom apartment, and the units have had updates completed during the ownership period. In addition, an apartment is already in progress behind the storefront, creating an expanded residential configuration for a future owner to complete.
The side alley provides private access related to the rear apartment construction, and it also offers separate access to the 2-bedroom unit. The property is managed to support functionality across its mixed-use setup.
For showings, 24-hour notice is required.
The side alley provides private access related to the rear apartment construction, and it also offers separate access to the 2-bedroom unit. The property is managed to support functionality across its mixed-use setup.
For showings, 24-hour notice is required.
Key Highlights
- Mixed‑use building built in 1900 with a vacant commercial storefront and 7 residential units
- 6 of 7 residential units are occupied, including six 1‑bedroom apartments and one 2‑bedroom apartment
- An additional apartment is already in progress behind the commercial storefront
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,418
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,360
$608.4K
Cap Rate 7%
$434,543
$434.5K
Cap Rate 9%
$337,978
$338.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$45.4K $15.12/SF
− Vacancy
−$1.9K −$0.64/SF
EGI
$43.5K $14.48/SF
− OpEx
−$13.0K −$4.35/SF
NOI
$30.4K $10.14/SF
Area
Berks County, PA
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,360
Cap Rate 7%
$434,543
Cap Rate 9%
$337,978
Alternative Uses
Best Use
Retail
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 4.68%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,346
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use building with a vacant storefront and seven residential units, including one apartment in progress.
Where is this mixed-use property located?
The property is located at 226 N 10th St Reading, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Mixed‑use building built in 1900 with a vacant commercial storefront and 7 residential units; 6 of 7 residential units are occupied, including six 1‑bedroom apartments and one 2‑bedroom apartment; An additional apartment is already in progress behind the commercial storefront
