Renovated Two-Unit Duplex
310 North 4th Street Reading, PA 19601
310 North 4th Street, Reading, PA, 19601
$245,000
For Sale
$245,000
Turnkey two-unit duplex with separately metered gas and electric, plus central air and shared basement laundry.
Property Size2,206 SF
Price / SF$111.06
Days on Market12
Property Features for 310 North 4th Street
General Information
- Standard status
- Active
- Size
- 2,206 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Of Reading
(484) 955-1133
Listed by
Denise J Commings · License #AB065030
(484) 955-1133
Source
Compass
Added: Jul 11 Updated: Jul 21 at 6:52AM Checked: Jul 22 at 7:44AM
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 RE/MAX Of Reading
Investment Insights
Based on property information with market context.
This beautifully renovated two-unit duplex offers a one-bedroom unit and a three-bedroom unit. The property was completely rebuilt top to bottom and is presented as turnkey for occupancy or investment. Each unit includes separately metered gas and electric service, with an additional electric meter for common areas. Both units also feature their own central air conditioning systems, and there is a washer and dryer located in the basement.
The property is located in Reading’s downtown Queen Ann historic district. The listing notes it is about half a block from a major grocery store and within walking distance of downtown amenities.
The two-unit configuration and independent utilities are designed to support straightforward day-to-day management, with basement laundry included for tenant convenience. The property is also noted as being under video surveillance.
The property is located in Reading’s downtown Queen Ann historic district. The listing notes it is about half a block from a major grocery store and within walking distance of downtown amenities.
The two-unit configuration and independent utilities are designed to support straightforward day-to-day management, with basement laundry included for tenant convenience. The property is also noted as being under video surveillance.
Key Highlights
- Two‑unit duplex in Reading’s downtown Queen Anne historic district, completely rebuilt top to bottom
- Unit mix includes one‑bedroom unit and a generously sized three‑bedroom unit
- Utilities: separately metered gas and electric for each unit, plus a third electric meter for common areas
Local Financial Insights For Multifamily LT 5
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 | $32.3k | $14.64 |
| − Vacancy | −$1.2k | −$0.56 |
| EGI | $31.1k | $14.08 |
| − OpEx | −$9.3k | −$4.23 |
| NOI | $21.7k | $9.86 |
2,206 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.7K
$271.9K – $362.5K
NOI $21,748 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$271.6K
$237.6K – $316.8K
NOI $19,009 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$362.1K
$316.9K – $422.5K
NOI $25,350 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey two-unit duplex with separately metered gas and electric, plus central air and shared basement laundry.
Where is this duplex located?
The property is located at 310 North 4th Street Reading, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex in Reading’s downtown Queen Anne historic district, completely rebuilt top to bottom; Unit mix includes one‑bedroom unit and a generously sized three‑bedroom unit; Utilities: separately metered gas and electric for each unit, plus a third electric meter for common areas
