Residential Income Multifamily
521 South 19th Street Reading, PA 19606
521 South 19th Street, Reading, PA, 19606
$265,000
For Sale
$265,000
Coming soon multifamily residential income property located in Reading’s READING school district.
Property Size1,520 SF
Price / SF$174.34
Days on Market72
Property Features for 521 South 19th Street
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agency
JM Diamond Realty
(484) 219-9232
Listed by
Jose Manzueta · License #RM426115
(484) 219-9232
Source
Compass
Added: May 12 Updated: Jul 22 at 9:25AM Checked: Jul 22 at 9:25AM
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 JM Diamond Realty
Investment Insights
Based on property information with market context.
Coming soon. This multifamily residential income property is listed for sale in Berks County, Pennsylvania, within the READING School District.
The property is located at 521 South 19th Street in Reading, PA 19606. School district information is sourced from the listing agent.
The property is located at 521 South 19th Street in Reading, PA 19606. School district information is sourced from the listing agent.
Key Highlights
- Coming soon multifamily residential income property in Reading’s READING school district
- Year built 1930
- Interior features include an attic
Local Financial Insights For Apartment 5plus
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 | $24.8k | $16.32 |
| − Vacancy | −$992 | −$0.65 |
| EGI | $23.8k | $15.67 |
| − OpEx | −$10.7k | −$7.05 |
| NOI | $13.1k | $8.62 |
1,520 SF · lease $16.32/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,098 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Coming soon multifamily residential income property located in Reading’s READING school district.
Where is this multifamily property located?
The property is located at 521 South 19th Street Reading, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Coming soon multifamily residential income property in Reading’s READING school district; Year built 1930; Interior features include an attic
