Two-Unit Mixed-Use
For Sale
$219,000
726 Franklin St, Reading, PA 19602
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 Market98
Property Features for 726 Franklin St
General Information
Standard status
Active
Size
1,468 SF
Additional Details
Multifamily Units
1
Building Details
Year Built
1900
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Mini J Castaneda · License #RS345025
(610) 507-6352
Source:
Kathywolfgang
Added: Jul 23
Changed: Oct 26
Last Checked: Oct 7 at 2:42PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$14,608
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,160
$292.2K
Cap Rate 7%
$208,686
$208.7K
Cap Rate 9%
$162,311
$162.3K
Market Conditions
NOI Build-Up for 1,468 SF
Gross rent
$20.6K $14.04/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$19.5K $13.27/SF
− OpEx
−$4.9K −$3.32/SF
NOI
$14.6K $9.95/SF
Area
Berks County, PA
Vacancy
5.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,160
Cap Rate 7%
$208,686
Cap Rate 9%
$162,311
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 authorities.
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,104
Businesses Nearby
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Business Placement
Demographics for 19602, PA
19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 St 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
