Two-Unit Mixed-Use
726 FRANKLIN STREET Reading, PA 19602
For Sale
$219,000
Recently fully renovated two-unit property with first-floor commercial space and a second-floor apartment.
Property Size1,468 SF
Price / SF$149.18
Days on Market87
Property Features for 726 FRANKLIN STREET
General Information
- Standard status
- Active
- Size
- 1,468 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Realty
(610) 373-9900
Listed By:
Mini Castaneda · License #RS345025
(610) 373-9900
Source:
Xome
Added: May 1
Changed: Jul 24
Last Checked: Jul 26 at 3:34AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This recently fully renovated two-unit mixed-use property is configured with a first-floor commercial space and a spacious second-floor apartment. The building is described as move-in-ready, offering an owner-occupant option for operating a business downstairs while living upstairs, or an investor option to rent the apartment.
The property is located directly across from a BARTA bus station. It is also just minutes from Santander Arena and the DoubleTree by Hilton Hotel Reading, placing it within a high-activity area.
The layout supports dual use within the same building, with commercial space on the street level and residential space above, providing flexibility for how the property can be occupied or leased.
The property is located directly across from a BARTA bus station. It is also just minutes from Santander Arena and the DoubleTree by Hilton Hotel Reading, placing it within a high-activity area.
The layout supports dual use within the same building, with commercial space on the street level and residential space above, providing flexibility for how the property can be occupied or leased.
Key Highlights
- Two‑unit property with first‑floor commercial space and a second‑floor apartment
- Recently fully renovated throughout
- Directly across from a BARTA bus station
Financial Insights For Specialty Retail
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 | $20.6k | $14.04 |
| − Vacancy | −$1.1k | −$0.77 |
| EGI | $19.5k | $13.27 |
| − OpEx | −$4.9k | −$3.32 |
| NOI | $14.6k | $9.95 |
1,468 SF · lease $14.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$208.7K
$182.6K – $243.5K
NOI $14,608 @ 7.0% cap · market cap 6.67%
Second Best
Mixed Use
$207.6K
$181.7K – $242.2K
NOI $14,533 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$241.0K
$210.9K – $281.2K
NOI $16,869 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Mixed-use property - Recently fully renovated two-unit property with first-floor commercial space and a second-floor apartment.
Where is this mixed-use property located?
The property is located at 726 FRANKLIN STREET Reading, PA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two‑unit property with first‑floor commercial space and a second‑floor apartment; Recently fully renovated throughout; Directly across from a BARTA bus station
