Corner-Lot Triplex with
For Sale
$399,900
Pending
402 W 1st St, Birdsboro, PA 19508
Three-unit property with separate heating and hot-water systems, private unit layouts, and convenient off-street parking.
Property Size4,000 SF
Days on Market137
Property Features for 402 W 1st St
General Information
Standard status
Pending
Size
4,000 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR, 2 x 1BR
Multifamily Units
3
Additional Details
Gross Income
$41,820
Taxes and HOA fees
Annual Taxes
$2,187
Listing Agency:
EXP Realty, LLC
(484) 824-8874
Listed By:
David Baez · License #RS291995
(484) 824-8874
Source:
Exprealty
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 30 at 6:06AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 4,000-square-foot triplex includes a 3-bedroom front residence, a 1-bedroom second-floor apartment, and a separate 1-bedroom rear unit. The configuration provides distinct living areas, while each apartment has its own high-efficiency combi heating system with on-demand hot water. An attached garage is assigned to the rear unit, and three additional off-street parking spaces are located behind the property.
Positioned on a corner lot at 402 W 1st St in Birdsboro, the property is near local shops, dining, and commuter access to Route 422. The surrounding access connects with Reading, King of Prussia, and nearby communities. Mostly long-term tenants are already in place, providing an established occupancy profile for the three-unit asset.
Positioned on a corner lot at 402 W 1st St in Birdsboro, the property is near local shops, dining, and commuter access to Route 422. The surrounding access connects with Reading, King of Prussia, and nearby communities. Mostly long-term tenants are already in place, providing an established occupancy profile for the three-unit asset.
Key Highlights
- 3‑unit triplex with 3‑bedroom front unit, 1‑bedroom second‑floor unit, and separate 1‑bedroom rear unit
- 4,000 square feet on a corner lot at 402 W 1st St, Birdsboro, PA
- Each unit has a separate high‑efficiency combi heating system with on‑demand hot water
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,468
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$689,360
$689.4K
Cap Rate 7%
$492,400
$492.4K
Cap Rate 9%
$382,978
$383.0K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$65.3K $16.32/SF
− Vacancy
−$2.6K −$0.65/SF
EGI
$62.7K $15.67/SF
− OpEx
−$28.2K −$7.05/SF
NOI
$34.5K $8.62/SF
Area
Berks County, PA
Vacancy
4.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$689,360
Cap Rate 7%
$492,400
Cap Rate 9%
$382,978
Alternative Uses
Best Use
Multifamily LT 5
$563.3K
$492.9K – $657.2K
NOI $39,434 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$492.4K
$430.9K – $574.5K
NOI $34,468 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 19508, PA
15,855
Population
6,357
Households
2.5
Avg Household Size
42
Median Age
28%
College-Educated
92%
High-School Grad
40.7 sq mi
ZIP Area
390
Density / Sq Mi
$83,409
Median Household Income
$46,255
Median Earnings
$1,108
Median Rent
$242,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with separate heating and hot-water systems, private unit layouts, and convenient off-street parking.
Where is this triplex located?
The property is located at 402 W 1st St Birdsboro, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3‑unit triplex with 3‑bedroom front unit, 1‑bedroom second‑floor unit, and separate 1‑bedroom rear unit; 4,000 square feet on a corner lot at 402 W 1st St, Birdsboro, PA; Each unit has a separate high‑efficiency combi heating system with on‑demand hot water
