Building Details

Year Built 1842

Stories 2

Construction farmhouse

Listing Agency: Coldwell Banker Realty Show Phone

Listed By: Angela S. Tolosky · License #AB065824 Show Phone

Source: Cummingsrealtors

Added: Oct 29 Changed: Nov 1 Last Checked: Nov 1 at 5:39AM

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Investment Insights

Based on property information with market context.

Dating to 1842, this two-story duplex contains 3,091 square feet across two residences on a 0.096-acre lot. Each unit has an eat-in kitchen, a living room, a full bathroom on the main floor, and three second-floor bedrooms. The right-side residence also features a walk-in fireplace and an unfinished walk-up attic for storage.

Both units have shared access to an enclosed porch at the rear, a root cellar, and a two-story smokehouse. The property also includes off-street parking and a storage garage.

Key Highlights

• Two‑story duplex with two residences
• 3,091 square feet on a 0.096‑acre lot
• Each unit has three second‑floor bedrooms and a full main‑floor bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,473

Cap Rate

9.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,460 $609.5K

Cap Rate 7%

$435,329 $435.3K

Cap Rate 9%

$338,589 $338.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,091 SF

Gross rent

$45.3K $14.64/SF

− Vacancy

−$1.7K −$0.56/SF

EGI

$43.5K $14.08/SF

− OpEx

−$13.1K −$4.23/SF

NOI

$30.5K $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 Rate 5%

$609,460

Cap Rate 7%

$435,329

Cap Rate 9%

$338,589

Alternative Uses

Best Use

Multifamily LT 5

$435.3K

$380.9K – $507.9K (±1% cap)

NOI $30,473 @ 7.0% cap · market cap 9.10%

Second Best

Apartment 5plus

$380.5K

$332.9K – $443.9K (±1% cap)

NOI $26,635 @ 7.0% cap · market cap 7.95%

Theoretical Best

Office A

$507.4K

$444.0K – $592.0K (±1% cap)

NOI $35,519 @ 7.0% cap · market cap 10.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Explore this area Business Placement

Demographics for 19551, PA

5,075

Population

1,882

Households

2.7

Avg Household Size

45

Median Age

25%

College-Educated

90%

High-School Grad

25.3 sq mi

ZIP Area

201

Density / Sq Mi

$87,932

Median Household Income

$51,425

Median Earnings

$1,006

Median Rent

$248,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residences share an enclosed rear porch, root cellar, and a two-story smokehouse.

Where is this duplex located?

The property is located at 604 W PENN AVENUE Robesonia, PA.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: Two‑story duplex with two residences; 3,091 square feet on a 0.096‑acre lot; Each unit has three second‑floor bedrooms and a full main‑floor bathroom