Brick Victorian
For Sale
$480,000
406 NOBLE Street, Kutztown, PA 19530
Multi-Family, KUTZTOWN, PA
Property Size3,294 SF
Lot Size0.49 Acres
Price / SF$145.72
Days on Market130
Property Features for 406 NOBLE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement, Dining Room
Parking features
Parking Lot, Off Street
Interior features
Breakfast Area, Built-Ins, Dining Area, Floor Plan - Traditional, Kitchen - Country, Kitchen - Island, Wood Floors
Fireplace
1
Subdivision
NONE AVAILABLE
Elementary school district
KUTZTOWN AREA
Middle school district
KUTZTOWN AREA
High school district
KUTZTOWN AREA
Standard status
Active
Size
3,294 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Annual Amount
4372
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
large deck
enclosed gazebo
koi pond
hot tub hookup
off-street parking
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
National
Listing Agency:
BHHS Homesale Realty- Reading Berks · Berkshire Hathaway HomeServices
(610) 372-3200
Listed By:
Carolyn G Ilg · License #RS333156
(484) 663-3332
Added: Apr 29
Changed: Aug 31
Last Checked: Sep 5 at 4:06AM
MLS# PABK2071188
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.
Investment Insights
Based on property information with market context.
Built in 1900, this brick duplex combines a four-bedroom main residence with a semi-detached two-bedroom rental home. The primary residence includes a country-style kitchen with island, formal dining room with built-ins and wood flooring, study or recreation room, family room with propane fireplace, kitchenette, full bathroom, and second-floor laundry. The rental unit has a private entrance, laundry hookup, new flooring, fresh paint, and a new kitchen; appliances are not included.
The property occupies a 0.49-acre landscaped lot at 406 Noble Street in Kutztown, near Kutztown University and local Amish markets. Outdoor features include a large deck, enclosed gazebo, hot tub hookup, koi pond, and off-street parking. Natural gas heating and updated vinyl windows serve both residences, with central air also provided.
The property occupies a 0.49-acre landscaped lot at 406 Noble Street in Kutztown, near Kutztown University and local Amish markets. Outdoor features include a large deck, enclosed gazebo, hot tub hookup, koi pond, and off-street parking. Natural gas heating and updated vinyl windows serve both residences, with central air also provided.
Key Highlights
- 3294 square feet across a brick duplex built in 1900
- Four‑bedroom main residence with country kitchen, island, built‑ins, wood floors, and propane fireplace
- Semi‑detached two‑bedroom rental home with private entrance and laundry hookup
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide a four-bedroom primary home and a separate two-bedroom rental dwelling.
Where is this duplex located?
The property is located at 406 NOBLE Street 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: 3294 square feet across a brick duplex built in 1900; Four‑bedroom main residence with country kitchen, island, built‑ins, wood floors, and propane fireplace; Semi‑detached two‑bedroom rental home with private entrance and laundry hookup
