Brick Duplex with Rear
For Sale
$249,900
71 NOBLE STREET, Kutztown, PA 19530
Two one-bedroom units feature gas heat and separate electric metering, with access to Kutztown University and nearby amenities.
Property Size1,734 SF
Price / SF$144.12
Days on Market13
Property Features for 71 NOBLE STREET
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Duplex
Building Details
Year Built
1895
Listing Agency:
Realty One Group Exclusive
(610) 683-5333
Listed By:
Ansa Sama
(610) 442-7979
Source:
Cummingsrealtors
Added: Sep 5
Changed: Sep 17
Last Checked: Sep 16 at 4:53PM
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 Realty One Group Exclusive
Investment Insights
Based on property information with market context.
Built in 1895, this 1,734-square-foot brick duplex contains two residential units, each arranged with one bedroom, a living room, and an eat-in kitchen. Gas heat is installed, and each unit has its own electric meter. The property also includes two rear parking spaces.
Located at 71 Noble Street in Kutztown, the building is near local amenities and offers access to Kutztown University. The existing duplex configuration supports continued rental use, while the property may also be convertible to a single residence; any conversion or occupancy changes should be verified with the borough. The remarks indicate that two students per unit may be permitted, for four total, or the units may be rented as two single-family residences.
Located at 71 Noble Street in Kutztown, the building is near local amenities and offers access to Kutztown University. The existing duplex configuration supports continued rental use, while the property may also be convertible to a single residence; any conversion or occupancy changes should be verified with the borough. The remarks indicate that two students per unit may be permitted, for four total, or the units may be rented as two single-family residences.
Key Highlights
- 1,734‑square‑foot brick duplex built in 1895
- Two units, each with 1 bedroom, living room, and eat‑in kitchen
- Gas heat and separate electric meters for each unit
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
$17,095
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
6.84%
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%
$341,900
$341.9K
Cap Rate 7%
$244,214
$244.2K
Cap Rate 9%
$189,944
$189.9K
Market Conditions
NOI Build-Up for 1,734 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
$25.4K $14.64/SF
− Vacancy
−$965 −$0.56/SF
EGI
$24.4K $14.08/SF
− OpEx
−$7.3K −$4.23/SF
NOI
$17.1K $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%
$341,900
Cap Rate 7%
$244,214
Cap Rate 9%
$189,944
Alternative Uses
Best Use
Multifamily LT 5
$244.2K
$213.7K – $284.9K
NOI $17,095 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$213.5K
$186.8K – $249.0K
NOI $14,942 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$284.7K
$249.1K – $332.1K
NOI $19,926 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
575
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units feature gas heat and separate electric metering, with access to Kutztown University and nearby amenities.
Where is this duplex located?
The property is located at 71 NOBLE STREET Kutztown, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,734‑square‑foot brick duplex built in 1895; Two units, each with 1 bedroom, living room, and eat‑in kitchen; Gas heat and separate electric meters for each unit
