Building Details

Year built 1900

Number of units 2

Building materials Brick

Architectural style Other

Listing Agency: Iron Valley Real Estate of Berks c***@ironvalleyrealestateofberks.com Show Phone

Listed By: John H Gantkowski Jr. · License #rs299403 Show Phone

Added: Aug 31 Changed: Oct 13 Last Checked: Oct 18 at 8:06AM

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MLS# PABK2077212

Copyright © 2026 Bright MLS. 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 renovated duplex contains 1,692 square feet within a brick building constructed in 1900. The first-floor residence has two bedrooms, while the second-floor unit offers four bedrooms, creating a two-unit configuration with distinct layouts. Hot-water heating serves the building, and parking is available both off street and on street.

Located at 265 N Front Street in Reading, Pennsylvania, the property occupies a 0.04-acre lot in Berks County. Tenants are responsible for all utilities, and the property is reported at a 9.5% cap rate.

Key Highlights

• Two‑unit duplex with a 2‑bedroom first‑floor residence and 4‑bedroom second‑floor unit
• 1,692 square feet on a 0.04‑acre lot
• Reported 9.5% cap rate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,681

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$333,620 $333.6K

Cap Rate 7%

$238,300 $238.3K

Cap Rate 9%

$185,344 $185.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,692 SF

Gross rent

$24.8K $14.64/SF

− Vacancy

−$941 −$0.56/SF

EGI

$23.8K $14.08/SF

− OpEx

−$7.1K −$4.23/SF

NOI

$16.7K $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 Rate 5%

$333,620

Cap Rate 7%

$238,300

Cap Rate 9%

$185,344

Alternative Uses

Best Use

Multifamily LT 5

$238.3K

$208.5K – $278.0K (±1% cap)

NOI $16,681 @ 7.0% cap · market cap 6.70%

Second Best

Apartment 5plus

$208.3K

$182.3K – $243.0K (±1% cap)

NOI $14,580 @ 7.0% cap · market cap 5.86%

Theoretical Best

Office A

$277.8K

$243.0K – $324.1K (±1% cap)

NOI $19,443 @ 7.0% cap · market cap 7.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Electrical Service Wine and Liquor Store Garden Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,121

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Brick construction, off-street parking, and tenant-paid utilities define the property.

Where is this duplex located?

The property is located at 265 N FRONT Street Reading, PA.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Two‑unit duplex with a 2‑bedroom first‑floor residence and 4‑bedroom second‑floor unit; 1,692 square feet on a 0.04‑acre lot; Reported 9.5% cap rate