Building Details

Year built 1955

Number of units 4

Building materials Brick

Architectural style Cape Cod

Buildings 1

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

Listed By: Joshua J Haines · License #RS322462 Show Phone

Added: Aug 3 Changed: Oct 27 Last Checked: Nov 4 at 1:06PM

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MLS# PABK2075468

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.

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Investment Insights

Based on property information with market context.

Built in 1955, this 2,980-square-foot brick quadplex contains four residential units: two with two bedrooms and two with one bedroom. The property includes a detached two-car garage currently assigned to Unit 1, along with a full basement reached from the rear. Basement access is available to all tenants for individual washer and dryer hookups and additional storage.

The building occupies a level 0.47-acre parcel with a paved wrap-around driveway and on-site parking. Separately metered water and sewer services allow tenants to pay their own utilities, while heating costs are also tenant-paid. Zoned C-3 commercial, the property can remain a four-unit residential asset or support a mixed-use approach.

Key Highlights

• Four‑unit brick building with two 2‑bedroom units and two 1‑bedroom units
• 2,980 square feet on a level 0.47‑acre lot
• C‑3 commercial zoning allows residential or mixed‑use configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,379

Cap Rate

4.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$587,580 $587.6K

Cap Rate 7%

$419,700 $419.7K

Cap Rate 9%

$326,433 $326.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,980 SF

Gross rent

$43.6K $14.64/SF

− Vacancy

−$1.7K −$0.56/SF

EGI

$42.0K $14.08/SF

− OpEx

−$12.6K −$4.23/SF

NOI

$29.4K $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%

$587,580

Cap Rate 7%

$419,700

Cap Rate 9%

$326,433

Alternative Uses

Best Use

Multifamily LT 5

$419.7K

$367.2K – $489.7K (±1% cap)

NOI $29,379 @ 7.0% cap · market cap 4.52%

Second Best

Apartment 5plus

$366.8K

$321.0K – $428.0K (±1% cap)

NOI $25,679 @ 7.0% cap · market cap 3.95%

Theoretical Best

Office A

$489.2K

$428.1K – $570.7K (±1% cap)

NOI $34,244 @ 7.0% cap · market cap 5.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

Explore this area Business Placement

Demographics for 19543, PA

6,256

Population

2,075

Households

3

Avg Household Size

38

Median Age

40%

College-Educated

93%

High-School Grad

21.4 sq mi

ZIP Area

292

Density / Sq Mi

$111,917

Median Household Income

$58,231

Median Earnings

$1,273

Median Rent

$335,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - C-3 commercial zoning supports continued residential occupancy or a mixed-use configuration.

Where is this quadplex located?

The property is located at 3808 MAIN Street Morgantown, PA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Four‑unit brick building with two 2‑bedroom units and two 1‑bedroom units; 2,980 square feet on a level 0.47‑acre lot; C‑3 commercial zoning allows residential or mixed‑use configuration