2-Unit
New
For Sale
$250,000
838 N 12TH STREET, Reading, PA 19604
Both residences are occupied, with separate boilers, natural-gas heat, and individual electric service.
Property Size1,822 SF
Price / SF$137.21
Days on Market6
Property Features for 838 N 12TH STREET
General Information
Standard status
Active
Size
1,822 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$26,400
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Prime Home Real Estate, LLC
(717) 735-2204
Listed By:
Jeffrey L Zimmerman · License #AB069598
(717) 405-5748
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:34PM
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 Prime Home Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 1910, this Reading duplex contains two residences across 1,822 square feet. Each unit has its own boiler, natural-gas heat, and separate electric service. Both units are occupied by long-term tenants who would like to remain.
Key Highlights
- Two‑unit duplex with 1,822 square feet
- Both residences are occupied by long‑term tenants who would like to stay
- Separate boilers and natural‑gas heat for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,962
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,240
$359.2K
Cap Rate 7%
$256,600
$256.6K
Cap Rate 9%
$199,578
$199.6K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$26.7K $14.64/SF
− Vacancy
−$1.0K −$0.56/SF
EGI
$25.7K $14.08/SF
− OpEx
−$7.7K −$4.23/SF
NOI
$18.0K $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%
$359,240
Cap Rate 7%
$256,600
Cap Rate 9%
$199,578
Alternative Uses
Best Use
Multifamily LT 5
$256.6K
$224.5K – $299.4K
NOI $17,962 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,700 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$299.1K
$261.7K – $349.0K
NOI $20,937 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
678
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
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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?
Duplex - Both residences are occupied, with separate boilers, natural-gas heat, and individual electric service.
Where is this duplex located?
The property is located at 838 N 12TH 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 with 1,822 square feet; Both residences are occupied by long‑term tenants who would like to stay; Separate boilers and natural‑gas heat for each unit
