Vacant 4-Unit Multi-Family
316 South 8th Street Reading, PA 19602
For Sale
$299,900
Fully vacant 4-unit residential income property with separate electric heat and tenant-paid utilities.
Property Size2,134 SF
Price / SF$140.53
Days on Market110
Property Features for 316 South 8th Street
General Information
- Standard status
- Active
- Size
- 2,134 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Light House Realtors, LLC
(610) 510-4445
Listed By:
Jose Vazquez · License #RS345181
(610) 510-4445
Source:
Compass
Added: Apr 8
Changed: Jul 23
Last Checked: Jul 26 at 12:29PM
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 Light House Realtors, LLC
Investment Insights
Based on property information with market context.
This fully vacant 4-unit residential income property offers a straightforward configuration for investors looking for immediate occupancy opportunities. The building consists of four separate units, and each unit has its own electric heat system. Utilities are paid by the tenants, supporting a more direct expense allocation by unit.
The property is located at 316 South 8th Street in Reading, Pennsylvania (Berks County), within the Reading school district. It is currently listed as For Sale.
The property is located at 316 South 8th Street in Reading, Pennsylvania (Berks County), within the Reading school district. It is currently listed as For Sale.
Key Highlights
- Fully vacant 4‑unit at 316 S 8th Street in Reading City (10201), ready for new occupants.
- Each unit has separate electric heat, so tenants have their own heating system.
- Tenants pay their own utilities, helping keep operating expenses separate.
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 | $31.2k | $14.64 |
| − Vacancy | −$1.2k | −$0.56 |
| EGI | $30.1k | $14.08 |
| − OpEx | −$9.0k | −$4.23 |
| NOI | $21.0k | $9.86 |
2,134 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.5K
$263.0K – $350.6K
NOI $21,038 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$262.7K
$229.9K – $306.5K
NOI $18,389 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$350.3K
$306.5K – $408.7K
NOI $24,522 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully vacant 4-unit residential income property with separate electric heat and tenant-paid utilities.
Where is this quadplex located?
The property is located at 316 South 8th Street Reading, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully vacant 4‑unit at 316 S 8th Street in Reading City (10201), ready for new occupants.; Each unit has separate electric heat, so tenants have their own heating system.; Tenants pay their own utilities, helping keep operating expenses separate.
