Mixed-Use Building with
226 N 10th St Reading, PA 19601
New
226 N 10th St, Reading, PA, 19601
$650,000
For Sale
$650,000
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 Market2
Property Features for 226 N 10th St
General Information
- Standard status
- Active
- Size
- 3,000 SF
Building Details
- Year Built
- 1900
Listing agency
Iron Valley Real Estate of Berks
(484) 663-9476
Listed by
Veronica Palmer · License #RS350596
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 2:52PM Checked: Jul 22 at 2:52PM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.4k | $15.12 |
| − Vacancy | −$1.9k | −$0.64 |
| EGI | $43.5k | $14.48 |
| − OpEx | −$13.0k | −$4.35 |
| NOI | $30.4k | $10.14 |
3,000 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
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
