Updated Side-by-Side
For Sale
$349,900
23-25 North Front Street, Womelsdorf, PA 19567
Two updated residential units include private attic areas, fenced outdoor space, and a newly installed security system.
Property Size2,392 SF
Price / SF$146.28
Days on Market249
Property Features for 23-25 North Front Street
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RES
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,985
Amenities
private fenced-in yard
new security system
No
Refrigerator
No Pool
Above Grade, Below Grade
Sidewalks, Street Lights
Building Details
Year Built
1875
Buildings
1
Listing Agency:
Iron Valley Real Estate of Berks
(610) 781-5003
Listed By:
Justina Ott · License #RS343169
(610) 781-5003
Source:
Compass
Added: Dec 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:16PM
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 side-by-side duplex at 23-25 North Front Street contains two residential units within 2392 square feet. Each side offers 3 bedrooms, 1.5 bathrooms, and bonus attic space suited to storage, a home office, or recreation. Both units have been recently updated, and a new security system has been installed. The property is currently vacant.
Outdoor features include a private fenced yard, sidewalks, and street lights. The property was built in 1875 and carries RES zoning. Located in Womelsdorf, the duplex is within the Conrad Weiser Area School District and served by Conrad Weiser High School.
Outdoor features include a private fenced yard, sidewalks, and street lights. The property was built in 1875 and carries RES zoning. Located in Womelsdorf, the duplex is within the Conrad Weiser Area School District and served by Conrad Weiser High School.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms
- Total building size of 2392 square feet
- Bonus attic space in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,582
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,640
$471.6K
Cap Rate 7%
$336,886
$336.9K
Cap Rate 9%
$262,022
$262.0K
Market Conditions
NOI Build-Up for 2,392 SF
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.
Gross rent
$35.0K $14.64/SF
− Vacancy
−$1.3K −$0.56/SF
EGI
$33.7K $14.08/SF
− OpEx
−$10.1K −$4.23/SF
NOI
$23.6K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,640
Cap Rate 7%
$336,886
Cap Rate 9%
$262,022
Alternative Uses
Best Use
Multifamily LT 5
$336.9K
$294.8K – $393.0K
NOI $23,582 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$294.5K
$257.7K – $343.5K
NOI $20,612 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$392.7K
$343.6K – $458.1K
NOI $27,487 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 19567, PA
5,710
Population
2,151
Households
2.7
Avg Household Size
40
Median Age
17%
College-Educated
84%
High-School Grad
22.7 sq mi
ZIP Area
252
Density / Sq Mi
$86,635
Median Household Income
$44,948
Median Earnings
$1,176
Median Rent
$230,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units include private attic areas, fenced outdoor space, and a newly installed security system.
Where is this duplex located?
The property is located at 23-25 North Front Street Womelsdorf, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms; Total building size of 2392 square feet; Bonus attic space in both units
