Triplex with Two-Car
For Sale
$279,000
Pending
529 Windsor Street, Reading, PA 19601
Residential income property with three units, a two-car garage, porch(es), and refrigerator appliances.
Property Size2,181 SF
Days on Market162
Property Features for 529 Windsor Street
General Information
Standard status
Pending
Size
2,181 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
R3
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,543
Amenities
No
Refrigerator
No Pool
Above Grade, Below Grade
Porch(es)
Building Details
Year Built
1880
Listing Agency:
Century 21 Gold
(610) 507-3520
Listed By:
Anthony Borelli · License #RS227951L
(610) 507-3520
Source:
Compass
Added: Mar 23
Changed: Aug 30
Last Checked: Aug 30 at 6:57PM
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 Century 21 Gold
Investment Insights
Based on property information with market context.
Located at 529 Windsor Street in Reading, this residential triplex dates to 1880 and includes three separate units. The property has above-grade and below-grade areas, porch(es), and refrigerator appliances. A two-car garage provides enclosed vehicle storage, while the R3 zoning designation supports the property's multifamily classification.
The property is within Reading's Centre Park Historic District and is served by the Reading School District. Its location in Berks County places the building within an established urban residential setting, with historic homes surrounding the property. The configuration may accommodate rental housing or owner occupancy with additional residential units, subject to applicable requirements.
The property is within Reading's Centre Park Historic District and is served by the Reading School District. Its location in Berks County places the building within an established urban residential setting, with historic homes surrounding the property. The configuration may accommodate rental housing or owner occupancy with additional residential units, subject to applicable requirements.
Key Highlights
- Three‑unit residential property
- Two‑car garage included
- Built in 1880
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
$21,502
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
7.71%
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%
$430,040
$430.0K
Cap Rate 7%
$307,171
$307.2K
Cap Rate 9%
$238,911
$238.9K
Market Conditions
NOI Build-Up for 2,181 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
$31.9K $14.64/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$30.7K $14.08/SF
− OpEx
−$9.2K −$4.23/SF
NOI
$21.5K $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%
$430,040
Cap Rate 7%
$307,171
Cap Rate 9%
$238,911
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$268.5K
$234.9K – $313.2K
NOI $18,794 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$358.0K
$313.3K – $417.7K
NOI $25,062 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
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 - Residential income property with three units, a two-car garage, porch(es), and refrigerator appliances.
Where is this triplex located?
The property is located at 529 Windsor Street Reading, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Three‑unit residential property; Two‑car garage included; Built in 1880
