Brick Victorian
For Sale
$480,000
406 Noble St, Kutztown, PA 19530
Two connected residences offer flexible living arrangements, private access, and a refreshed rental unit near Kutztown University.
Property Size3,294 SF
Lot Size0.50 Acres
Price / SF$145.72
Days on Market32
Property Features for 406 Noble St
General Information
Standard status
Active
Size
3,294 SF
Lot size
0.50 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
some cosmetic updates
Units
Unit Mix
1 x 4BR, 1 x 2BR
Multifamily Units
2
Amenities
deck
enclosed gazebo
koi pond
fireplace
skylights
Building Details
Year Built
1900
Construction
brick Victorian
Listing Agency:
BHHS Homesale Realty- Reading Berks
(484) 663-3332
Listed By:
Carolyn G Ilg · License #RS333156
Source:
Jennysoldmine
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 25 at 4:55AM
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 BHHS Homesale Realty- Reading Berks
Investment Insights
Based on property information with market context.
This brick Victorian duplex combines a substantial primary residence with a semi-detached rental home. The main dwelling includes an expansive kitchen with center island, formal dining room with built-ins and hardwood flooring, study or recreation area, family room with propane fireplace, kitchenette, full bathroom, four bedrooms, laundry room, and a second full bathroom with walk-in shower. The attached rental has its own entrance, laundry hookup, new flooring, fresh paint, a new kitchen without appliances, two bedrooms, and a full bathroom.
The property encompasses 3294 square feet on a beautifully landscaped half-acre lot at 406 Noble St in Kutztown, PA 19530. Outdoor improvements include a large deck, enclosed gazebo, hot tub hookup, koi pond, and off-street parking. New natural gas heating and updated vinyl windows serve both residences. Built in 1900, the property retains original character while offering room for cosmetic personalization. Kutztown University and local Amish markets are located just minutes away.
The property encompasses 3294 square feet on a beautifully landscaped half-acre lot at 406 Noble St in Kutztown, PA 19530. Outdoor improvements include a large deck, enclosed gazebo, hot tub hookup, koi pond, and off-street parking. New natural gas heating and updated vinyl windows serve both residences. Built in 1900, the property retains original character while offering room for cosmetic personalization. Kutztown University and local Amish markets are located just minutes away.
Key Highlights
- Two‑residence duplex with a main home and semi‑detached rental
- 3294 square feet on a landscaped half‑acre lot
- Main residence includes four bedrooms, two full bathrooms, and multiple living areas
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
$32,474
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
6.77%
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%
$649,480
$649.5K
Cap Rate 7%
$463,914
$463.9K
Cap Rate 9%
$360,822
$360.8K
Market Conditions
NOI Build-Up for 3,294 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
$48.2K $14.64/SF
− Vacancy
−$1.8K −$0.56/SF
EGI
$46.4K $14.08/SF
− OpEx
−$13.9K −$4.23/SF
NOI
$32.5K $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 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%
$649,480
Cap Rate 7%
$463,914
Cap Rate 9%
$360,822
Alternative Uses
Best Use
Multifamily LT 5
$463.9K
$405.9K – $541.2K
NOI $32,474 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,384 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$540.7K
$473.2K – $630.9K
NOI $37,852 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 19530, PA
14,830
Population
4,921
Households
3
Avg Household Size
30
Median Age
34%
College-Educated
93%
High-School Grad
54.6 sq mi
ZIP Area
272
Density / Sq Mi
$74,138
Median Household Income
$20,122
Median Earnings
$1,158
Median Rent
$265,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two connected residences offer flexible living arrangements, private access, and a refreshed rental unit near Kutztown University.
Where is this duplex located?
The property is located at 406 Noble St Kutztown, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑residence duplex with a main home and semi‑detached rental; 3294 square feet on a landscaped half‑acre lot; Main residence includes four bedrooms, two full bathrooms, and multiple living areas
