Building Details

Year built 1991

Number of units 2

Building materials Vinyl Siding

Architectural style Other

Listing Agency: Century 21 Gold · Century 21 Real Estate j***@c21gold.com Show Phone

Listed By: Paul W Ernst · License #RM052092A Show Phone

Added: Sep 30 Last Checked: Oct 6 at 10:06AM

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MLS# PABK2078982

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.

Investment Insights

Based on property information with market context.

This 1,650-square-foot duplex, built in 1991, sits on a 0.14-acre lot. The home includes a basement, ceiling fans, electric baseboard heat, and washer/dryer hookups. The kitchen has a built-in range, microwave, and refrigerator. Vinyl siding finishes the exterior.

Parking options include a parking lot, off-street parking, and on-street parking. Shopping, family restaurants, major highways, and public transportation are nearby. The property is in Laureldale, within Reading, Pennsylvania.

Key Highlights

• 1,650‑square‑foot duplex on a 0.14‑acre lot
• Built in 1991
• Basement and ceiling fans

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,267

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,340 $325.3K

Cap Rate 7%

$232,386 $232.4K

Cap Rate 9%

$180,744 $180.7K

Market Conditions

NOI Build-Up for 1,650 SF

Gross rent

$24.2K $14.64/SF

− Vacancy

−$918 −$0.56/SF

EGI

$23.2K $14.08/SF

− OpEx

−$7.0K −$4.23/SF

NOI

$16.3K $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%

$325,340

Cap Rate 7%

$232,386

Cap Rate 9%

$180,744

Alternative Uses

Best Use

Multifamily LT 5

$232.4K

$203.3K – $271.1K (±1% cap)

NOI $16,267 @ 7.0% cap · market cap 5.46%

Second Best

Apartment 5plus

$203.1K

$177.7K – $237.0K (±1% cap)

NOI $14,218 @ 7.0% cap · market cap 4.77%

Theoretical Best

Office A

$270.9K

$237.0K – $316.0K (±1% cap)

NOI $18,960 @ 7.0% cap · market cap 6.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Electrical Service Law Firm Bakery

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

218

Businesses Nearby

Explore this area Business Placement

Demographics for 19605, PA

21,356

Population

8,100

Households

2.6

Avg Household Size

43

Median Age

27%

College-Educated

90%

High-School Grad

17.6 sq mi

ZIP Area

1,213

Density / Sq Mi

$85,775

Median Household Income

$45,578

Median Earnings

$1,310

Median Rent

$218,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Electric baseboard heat and washer/dryer hookups serve a residential property with a basement.

Where is this duplex located?

The property is located at 3425 MARION Street Reading, PA.

What is the asking price?

The asking price for this property is $298,000.

What are key features of this property?

This property features: 1,650‑square‑foot duplex on a 0.14‑acre lot; Built in 1991; Basement and ceiling fans