728 FRANKLIN Street, Reading, PA 19602
MULTI_FAMILY - Other - READING, PA
- Added:
- Jun 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 11 at 2:06 pm
Property Features for 728 FRANKLIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Kitchen - Eat-In
- Appliances
- Oven/Range - Electric, Oven/Range - Gas, Refrigerator
- Standard status
- Active
- Size
- 1,456 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1029
Utilities
- Heating system
- Radiant
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Other
Listing agent Juan Cortes-Carreno License #RS335816 (610) 372-3200
Listing office BHHS Homesale Realty- Reading Berks 955 Berkshire Boulevard, Lancaster, PA (610) 372-3200
Listing date Jun 11, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex at 728 Franklin St in Downtown Reading, with both units currently occupied
- First‑floor 1‑bedroom unit includes a living room, private bedroom, eat‑in kitchen, full bathroom, and private rear patio
- Second‑floor 3‑bedroom unit includes a generous kitchen, spacious living room, and three private bedrooms
- Two separate gas heating systems—tenants pay their own heat, hot water, and electric expenses
- Brick construction with radiant heating and window unit cooling
- Appliances include electric and gas oven/range and a refrigerator; parking available on street
Overview
The property is located at 728 Franklin Street in Downtown Reading. Public remarks note it is directly across from the BARTA Transportation Center and within walking distance of Santander Arena, Penn Street, the Schuylkill River Trail, and multiple public parking garages, supporting convenient access to downtown destinations.
For investors or owner-occupants, the configuration supports multiple ways to use the property: renting both units as a long-term income asset, or living in one unit while leasing the other. Because both units are currently occupied, the duplex is positioned for continuity from day one, with tenants in place as reflected in the public remarks.
Local Financial Insights For Multifamily LT 5
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 | $21.3k | $14.64 |
| − Vacancy | −$810 | −$0.56 |
| EGI | $20.5k | $14.08 |
| − OpEx | −$6.2k | −$4.23 |
| NOI | $14.4k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.92293
- Latitude
- 40.33343
