Two-Unit Duplex Near High
New
For Sale
$250,000
752 N 13TH STREET, Reading, PA 19604
Two residential units provide flexible occupancy options near shopping, public transportation, and major roadways.
Property Size1,638 SF
Days on Market4
Property Features for 752 N 13TH STREET
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Building Size
1,638 SF
Year Built
1920
Listing Agency:
Daryl Tillman Realty Group
Listed By:
Yohanny Baret
(610) 985-0224
Source:
Tylermillerteam.kw
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 3:50AM
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 Daryl Tillman Realty Group
Investment Insights
Based on property information with market context.
Built in 1920, this two-unit duplex offers a residential income property with flexible occupancy potential. The configuration can support an owner-occupant arrangement or operation as a two-unit rental property, subject to the buyer’s intended use and applicable requirements.
The property is located in Reading, directly opposite Reading High School. Shopping, public transportation, and major roadways are also nearby, providing convenient access to everyday services and regional travel routes.
The property is located in Reading, directly opposite Reading High School. Shopping, public transportation, and major roadways are also nearby, providing convenient access to everyday services and regional travel routes.
Key Highlights
- Two‑unit duplex configuration
- Built in 1920
- Directly across from Reading High School
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
$16,148
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
6.46%
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%
$322,960
$323.0K
Cap Rate 7%
$230,686
$230.7K
Cap Rate 9%
$179,422
$179.4K
Market Conditions
NOI Build-Up for 1,638 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
$24.0K $14.64/SF
− Vacancy
−$911 −$0.56/SF
EGI
$23.1K $14.08/SF
− OpEx
−$6.9K −$4.23/SF
NOI
$16.1K $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%
$322,960
Cap Rate 7%
$230,686
Cap Rate 9%
$179,422
Alternative Uses
Best Use
Multifamily LT 5
$230.7K
$201.9K – $269.1K
NOI $16,148 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$201.6K
$176.4K – $235.3K
NOI $14,115 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$268.9K
$235.3K – $313.7K
NOI $18,823 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide flexible occupancy options near shopping, public transportation, and major roadways.
Where is this duplex located?
The property is located at 752 N 13TH STREET Reading, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Built in 1920; Directly across from Reading High School
