357 S 3RD Street, Reading, PA 19602
MULTI_FAMILY - Other - READING, PA
- Added:
- Mar 19, 2026
- Days on Market:
- 86
- Last Refresh:
- Jun 12 at 2:06 pm
Property Features for 357 S 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,946 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2026
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Stucco
- Architectural style
- Other
Listing agent F. Scott Goetz License #RS110187a (610) 621-8342
Listing office Century 21 Gold 1125 Berkshire Boulevard unit: 200, Wyomissing, PA (610) 779-2500
Listing date Mar 19, 2026
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.
HighLights
- 5‑unit multifamily property with 1–3 bedroom units
- Tenants pay all utilities except water and sewer
- Two units currently vacant, described as easily rentable
- Year built 1900
- Stucco construction with electric heating and baseboard heat
- On‑street parking
Overview
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 | $43.1k | $14.64 |
| − Vacancy | −$1.6k | −$0.56 |
| EGI | $41.5k | $14.08 |
| − OpEx | −$12.4k | −$4.23 |
| NOI | $29.0k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.93172
- Latitude
- 40.32937