Duplex with Rear
New
For Sale
$249,900
732 N 10th St, Reading, PA 19604
Two apartments combine a renovated upper unit with a lower residence retaining original hardwood flooring.
Property Size2,064 SF
Price / SF$121.08
Days on Market2
Property Features for 732 N 10th St
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Mini J Castaneda · License #RS345025
(610) 373-9900
Source:
Jennysoldmine
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 5:14PM
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.
Built in 1900, this two-unit interior row townhouse contains approximately 2,064 square feet of living space. The apartments offer three and two bedrooms, respectively, with living rooms and eat-in kitchens. The upper apartment was renovated in 2023 with updated cabinetry, granite countertops, stainless-steel appliances, recessed lighting, luxury vinyl flooring, and a rear balcony. The lower unit retains original hardwood floors. A full basement provides storage and utility space.
A rear driveway was recently resurfaced and provides off-street parking. Front and rear entrances serve the property. Each apartment has its own gas boiler, electric meter, and water heater. Exterior cameras, carbon monoxide detectors, and motion detectors are also installed.
A rear driveway was recently resurfaced and provides off-street parking. Front and rear entrances serve the property. Each apartment has its own gas boiler, electric meter, and water heater. Exterior cameras, carbon monoxide detectors, and motion detectors are also installed.
Key Highlights
- Two‑unit duplex with approximately 2,064 square feet of living space
- Apartment mix includes one 3‑bedroom unit and one 2‑bedroom unit
- Upper apartment renovated in 2023 with updated kitchen finishes and a rear balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,348
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,960
$407.0K
Cap Rate 7%
$290,686
$290.7K
Cap Rate 9%
$226,089
$226.1K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$30.2K $14.64/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$29.1K $14.08/SF
− OpEx
−$8.7K −$4.23/SF
NOI
$20.3K $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 Rate 5%
$406,960
Cap Rate 7%
$290,686
Cap Rate 9%
$226,089
Alternative Uses
Best Use
Multifamily LT 5
$290.7K
$254.4K – $339.1K
NOI $20,348 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$254.1K
$222.3K – $296.4K
NOI $17,785 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$338.8K
$296.5K – $395.3K
NOI $23,718 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
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Business Placement
Demographics for 19604, PA
29,347
Population
10,089
Households
2.9
Avg Household Size
29
Median Age
10%
College-Educated
70%
High-School Grad
2.5 sq mi
ZIP Area
11,739
Density / Sq Mi
$52,863
Median Household Income
$30,975
Median Earnings
$1,100
Median Rent
$110,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments combine a renovated upper unit with a lower residence retaining original hardwood flooring.
Where is this duplex located?
The property is located at 732 N 10th St Reading, 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: Two‑unit duplex with approximately 2,064 square feet of living space; Apartment mix includes one 3‑bedroom unit and one 2‑bedroom unit; Upper apartment renovated in 2023 with updated kitchen finishes and a rear balcony
