357 S 3rd St, Reading, PA 19602
Seven-unit residential building with mix of one- to three-bedroom apartments.
- Added:
- Mar 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 20 at 8:43 pm
Property Features for 357 S 3rd St
General Information
- Standard status
- Active
- Size
- 2,946 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office Century 21 Gold
Listing date Mar 19, 2026
Source Crexi
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 Century 21 Gold
HighLights
- Great return on investment potential.
- Seven units ranging from 1‑3 bedrooms.
- Tenants pay all utilities except water and sewer.
- All units are in great condition.
- Two units are currently vacant and easily rentable.
- Located across the street from a park and baseball field.
Overview
Local Financial Insights For Apartment 5plus
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 | $48.1k | $16.32 |
| − Vacancy | −$1.9k | −$0.65 |
| EGI | $46.2k | $15.67 |
| − OpEx | −$20.8k | −$7.05 |
| NOI | $25.4k | $8.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9317193
- Latitude
- 40.3293708
