Mixed-Use 5-Unit
For Sale
$470,000
835 WASHINGTON ST, Reading, PA 19601
Five-unit property includes a street storefront, four residential units, and a multi-floor garage.
Property Size4,029 SF
Price / SF$116.65
Days on Market131
Property Features for 835 WASHINGTON ST
General Information
Standard status
Active
Size
4,029 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
Pagoda Realty ERA Powered
(610) 985-7700
Listed By:
Jimmy Thelusca · License #RS333622
(610) 927-7466
Source:
Hostetterrealty
Added: Jun 12
Changed: Oct 16
Last Checked: Oct 19 at 6:27AM
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 Pagoda Realty ERA Powered
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Investment Insights
Based on property information with market context.
This mixed-use building offers five income-generating units, with one street-level storefront plus four residential units. The property also includes a multi-floor garage.
Located at 835 Washington Street in Reading, PA 19601, the storefront is described as benefiting from a high traffic count, and the central location is noted as supporting leasing for the residential units.
According to the current rental/lease income provided, the storefront unit is leased at $750 per month, with residential units at $750, $1,000, $1,000, and the garage at $400 per month. The seller also notes the building may be purchased individually or as part of a package deal with up to 19 total units; contact the listing agent for additional details and to schedule a walkthrough.
Located at 835 Washington Street in Reading, PA 19601, the storefront is described as benefiting from a high traffic count, and the central location is noted as supporting leasing for the residential units.
According to the current rental/lease income provided, the storefront unit is leased at $750 per month, with residential units at $750, $1,000, $1,000, and the garage at $400 per month. The seller also notes the building may be purchased individually or as part of a package deal with up to 19 total units; contact the listing agent for additional details and to schedule a walkthrough.
Key Highlights
- 5‑unit building with a street‑level storefront, four residential units, and a multi‑floor garage
- Current monthly rental/lease income per unit: $750, $750, $1,000, $1,000, $400 (garage/storefront included as listed)
- Street parking available; on‑street parking noted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,852
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,040
$817.0K
Cap Rate 7%
$583,600
$583.6K
Cap Rate 9%
$453,911
$453.9K
Market Conditions
NOI Build-Up for 4,029 SF
Gross rent
$60.9K $15.12/SF
− Vacancy
−$2.6K −$0.64/SF
EGI
$58.4K $14.48/SF
− OpEx
−$17.5K −$4.35/SF
NOI
$40.9K $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%
$817,040
Cap Rate 7%
$583,600
Cap Rate 9%
$453,911
Alternative Uses
Best Use
Retail
$583.6K
$510.7K – $680.9K
NOI $40,852 @ 7.0% cap · market cap 8.69%
Second Best
Multifamily LT 5
$567.4K
$496.5K – $662.0K
NOI $39,720 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$661.4K
$578.7K – $771.6K
NOI $46,298 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
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
Frequently Asked Questions
What type of property is this?
Quadplex - Five-unit property includes a street storefront, four residential units, and a multi-floor garage.
Where is this quadplex located?
The property is located at 835 WASHINGTON ST Reading, PA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 5‑unit building with a street‑level storefront, four residential units, and a multi‑floor garage; Current monthly rental/lease income per unit: $750, $750, $1,000, $1,000, $400 (garage/storefront included as listed); Street parking available; on‑street parking noted
