Multifamily Investment
For Sale
$440,000
919 Buttonwood St, Reading, PA 19604
Well-maintained multifamily building with four 1-bedroom units and two 2-bedroom units.
Property Size3,000 SF
Price / SF$146.67
Days on Market109
Property Features for 919 Buttonwood St
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
1900
Listing Agency:
Bold Realty
Listed By:
Trent L Stauffer · License #RM422216
(717) 821-0336
Source:
Kableteam
Added: Jul 4
Changed: Oct 12
Last Checked: Oct 5 at 8:50PM
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 Bold Realty
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Investment Insights
Based on property information with market context.
This well-maintained multifamily property is offered for sale and features a unit mix of four 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The building is positioned as an income-producing asset designed to support rental demand with multiple distinct unit types.
Located in the City of Reading at 919 Buttonwood Street, the property benefits from an established residential setting.
The configuration totals six units, combining smaller 1-bedroom layouts with larger 2-bedroom options within the same building.
Located in the City of Reading at 919 Buttonwood Street, the property benefits from an established residential setting.
The configuration totals six units, combining smaller 1-bedroom layouts with larger 2-bedroom options within the same building.
Key Highlights
- Multifamily property in the City of Reading built in 1900
- Unit mix includes four 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
- On‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,851
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,020
$517.0K
Cap Rate 7%
$369,300
$369.3K
Cap Rate 9%
$287,233
$287.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$49.0K $16.32/SF
− Vacancy
−$2.0K −$0.65/SF
EGI
$47.0K $15.67/SF
− OpEx
−$21.2K −$7.05/SF
NOI
$25.9K $8.62/SF
Area
Berks County, PA
Vacancy
4.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,020
Cap Rate 7%
$369,300
Cap Rate 9%
$287,233
Alternative Uses
Best Use
Apartment 5plus
$369.3K
$323.1K – $430.9K
NOI $25,851 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,589
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily building with four 1-bedroom units and two 2-bedroom units.
Where is this apartment building located?
The property is located at 919 Buttonwood St Reading, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Multifamily property in the City of Reading built in 1900; Unit mix includes four 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; On‑street parking
