Two-Unit Residential
For Sale
$285,000
Pending
308 N 4TH STREET, Reading, PA 19601
Separate two- and three-bedroom apartments are occupied under month-to-month rental agreements.
Property Size2,062 SF
Days on Market103
Property Features for 308 N 4TH STREET
General Information
Standard status
Pending
Size
2,062 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Building Size
2,062 SF
Year Built
1900
Stories
3
Listing Agency:
Coldwell Banker Realty
Listed By:
Luis Martinez · License #RS348957
(610) 373-9900
Source:
Tylermillerteam.kw
Added: Jul 3
Changed: Oct 6
Last Checked: Oct 12 at 4:45PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This Reading duplex contains two apartments with distinct bedroom layouts. The first-floor residence has two bedrooms and one full bathroom, along with exclusive basement access. Upstairs, the second unit provides three bedrooms and one full bathroom. The building dates to 1900.
Both apartments are tenant-occupied on month-to-month agreements. The property is located near schools, shopping, restaurants, public transportation, and major roadways.
Both apartments are tenant-occupied on month-to-month agreements. The property is located near schools, shopping, restaurants, public transportation, and major roadways.
Key Highlights
- Two apartments: first‑floor unit has 2 bedrooms and 1 full bathroom; second‑floor unit has 3 bedrooms and 1 full bathroom
- First‑floor apartment includes exclusive basement access
- Both units are tenant‑occupied on month‑to‑month agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,328
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,560
$406.6K
Cap Rate 7%
$290,400
$290.4K
Cap Rate 9%
$225,867
$225.9K
Market Conditions
NOI Build-Up for 2,062 SF
Gross rent
$30.2K $14.64/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$29.0K $14.08/SF
− OpEx
−$8.7K −$4.23/SF
NOI
$20.3K $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%
$406,560
Cap Rate 7%
$290,400
Cap Rate 9%
$225,867
Alternative Uses
Best Use
Multifamily LT 5
$290.4K
$254.1K – $338.8K
NOI $20,328 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$253.8K
$222.1K – $296.1K
NOI $17,768 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$338.5K
$296.2K – $394.9K
NOI $23,695 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,718
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate two- and three-bedroom apartments are occupied under month-to-month rental agreements.
Where is this duplex located?
The property is located at 308 N 4TH STREET Reading, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two apartments: first‑floor unit has 2 bedrooms and 1 full bathroom; second‑floor unit has 3 bedrooms and 1 full bathroom; First‑floor apartment includes exclusive basement access; Both units are tenant‑occupied on month‑to‑month agreements
