Mixed-Use Property
For Sale
$500,000
828 BINGAMAN STREET, Reading, PA 19602
Three buildings combine apartment units, a leased storefront, and rental garages under one deed.
Property Size4,000 SF
Price / SF$125
Days on Market8
Property Features for 828 BINGAMAN STREET
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
RE/MAX Of Reading
(610) 670-2770
Listed By:
Collier Golden · License #RS320941
(610) 914-4581
Source:
Cummingsrealtors
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 7:10PM
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 RE/MAX Of Reading
Investment Insights
Based on property information with market context.
The offering comprises three properties conveyed together, with residential, storefront, and garage components. At 828 Bingaman Street, the building includes a storefront with a recent lease, a large garage, and a second-floor two-bedroom apartment. The 826-A Bingaman Street property contains two apartments: one with one bedroom and one with two bedrooms.
At 311 Spring Garden Street, seven garages are rented to four individuals. Together, the properties provide a mix of apartment, retail, and garage rental uses across separate buildings.
At 311 Spring Garden Street, seven garages are rented to four individuals. Together, the properties provide a mix of apartment, retail, and garage rental uses across separate buildings.
Key Highlights
- Three properties conveyed together under one deed
- 828 Bingaman Street includes a leased storefront, large garage, and second‑floor two‑bedroom apartment
- 826‑A Bingaman Street has two apartments: one 1‑bedroom and one 2‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,558
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,160
$811.2K
Cap Rate 7%
$579,400
$579.4K
Cap Rate 9%
$450,644
$450.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$60.5K $15.12/SF
− Vacancy
−$2.5K −$0.64/SF
EGI
$57.9K $14.48/SF
− OpEx
−$17.4K −$4.35/SF
NOI
$40.6K $10.14/SF
Area
Berks County, PA
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,160
Cap Rate 7%
$579,400
Cap Rate 9%
$450,644
Alternative Uses
Best Use
Retail
$579.4K
$507.0K – $676.0K
NOI $40,558 @ 7.0% cap · market cap 8.11%
Second Best
Mixed Use
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 9.19%
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
2,377
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Three buildings combine apartment units, a leased storefront, and rental garages under one deed.
Where is this mixed-use property located?
The property is located at 828 BINGAMAN STREET Reading, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three properties conveyed together under one deed; 828 Bingaman Street includes a leased storefront, large garage, and second‑floor two‑bedroom apartment; 826‑A Bingaman Street has two apartments: one 1‑bedroom and one 2‑bedroom unit
