Building Details

Building Size 1,072 SF

Year Built 1990

Listing Agency: Keller Williams Realty Group

Listed By: Lisa M Criniti Show Phone

Source: Tylermillerteam.kw

Added: Apr 10 Changed: Oct 16 Last Checked: Oct 16 at 5:48AM

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Investment Insights

Based on property information with market context.

Built in 1990, this two-level residential income property has an open first-floor arrangement linking the living room and kitchen. The main level also includes a half bath, pantry, and laundry closet with a stackable washer and dryer installed in early 2025. Upstairs, the bedroom is paired with a full bathroom and walk-in closet.

The association fee covers snow removal, exterior maintenance, lawn care, water, sewer, and trash. The stove, microwave, and refrigerator were replaced in Dec. 2025, while the HVAC system was updated in 2022. The property is located at 709 Hill Road #3 in Wernersville, PA 19565.

Key Highlights

• Two‑level layout with living room and kitchen on the first floor
• Bedroom, full bathroom, and walk‑in closet located upstairs
• Stackable washer and dryer installed in early 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,237

Cap Rate

6.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$184,740 $184.7K

Cap Rate 7%

$131,957 $132.0K

Cap Rate 9%

$102,633 $102.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,072 SF

Gross rent

$17.5K $16.32/SF

− Vacancy

−$700 −$0.65/SF

EGI

$16.8K $15.67/SF

− OpEx

−$7.6K −$7.05/SF

NOI

$9.2K $8.62/SF

Area

Berks County, PA

Vacancy

4.00%

Lease Rate

$16.32 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$184,740

Cap Rate 7%

$131,957

Cap Rate 9%

$102,633

Alternative Uses

Best Use

Apartment 5plus

$132.0K

$115.5K – $154.0K (±1% cap)

NOI $9,237 @ 7.0% cap · market cap 6.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$176.0K

$154.0K – $205.3K (±1% cap)

NOI $12,319 @ 7.0% cap · market cap 9.09%

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

Property Analytics

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Current Use

Do It All ... Home Help

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

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Demographics for 19565, PA

8,995

Population

3,696

Households

2.4

Avg Household Size

47

Median Age

32%

College-Educated

95%

High-School Grad

18.0 sq mi

ZIP Area

500

Density / Sq Mi

$80,881

Median Household Income

$49,694

Median Earnings

$1,283

Median Rent

$262,900

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - Open main-level living space connects directly with the kitchen and includes a pantry and half bath.

Where is this residential income property located?

The property is located at 709 HILL ROAD #3 Wernersville, PA.

What is the asking price?

The asking price for this property is $135,500.

What are key features of this property?

This property features: Two‑level layout with living room and kitchen on the first floor; Bedroom, full bathroom, and walk‑in closet located upstairs; Stackable washer and dryer installed in early 2025