Mixed-Use Retail and
929 PIKE STREET Reading, PA 19604
New
929 PIKE STREET, Reading, PA, 19604
$234,900
For Sale
$234,900
Two-unit mixed-use property with a street-level storefront and an upstairs two-bedroom apartment with private entry and balcony.
Property Size1,506 SF
Price / SF$155.98
Days on Market4
Property Features for 929 PIKE STREET
General Information
- Standard status
- Active
- Size
- 1,506 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1935
Listing Agency
Coldwell Banker Realty
(484) 650-6749
Listed by
Joe Colon
(484) 650-6749
Source
Cummingsrealtors
Added: Jul 18 Updated: Jul 20 at 4:55 am Checked: Jul 20 at 4:55 am
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
929 Pike Street is a renovated two-unit mixed-use property on a corner lot in Northeast Reading. The first unit is a commercial storefront with a private entrance. The second unit is a two-bedroom apartment with a private entrance, a balcony, and an attic for additional storage.
Recent updates include brand new flooring, fresh paint throughout, updated light fixtures, renovated bathrooms, new electric baseboard heating, and upgraded electrical panels. Each unit has separate utilities, which can simplify day-to-day property management and tenant responsibility.
The property combines retail storefront space at street level with residential living above, providing flexibility for investors or an owner-occupant seeking rental income from the apartment unit.
Recent updates include brand new flooring, fresh paint throughout, updated light fixtures, renovated bathrooms, new electric baseboard heating, and upgraded electrical panels. Each unit has separate utilities, which can simplify day-to-day property management and tenant responsibility.
The property combines retail storefront space at street level with residential living above, providing flexibility for investors or an owner-occupant seeking rental income from the apartment unit.
Key Highlights
- Renovated two‑unit mixed‑use property on a prominent corner lot in Northeast Reading; built in 1935.
- Street‑level commercial storefront with its own private entrance for flexible business use.
- Upstairs two‑bedroom apartment with a private entrance, balcony, and attic storage.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.8k | $15.12 |
| − Vacancy | −$956 | −$0.64 |
| EGI | $21.8k | $14.48 |
| − OpEx | −$6.5k | −$4.35 |
| NOI | $15.3k | $10.14 |
1,506 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$218.1K
$190.9K – $254.5K
NOI $15,270 @ 7.0% cap · market cap 6.50%
Second Best
Multifamily LT 5
$212.1K
$185.6K – $247.5K
NOI $14,847 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$247.2K
$216.3K – $288.4K
NOI $17,306 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Estetica Y Barberia ...
Hair Salon
Barber Shop Leon
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit mixed-use property with a street-level storefront and an upstairs two-bedroom apartment with private entry and balcony.
Where is this duplex located?
The property is located at 929 PIKE STREET Reading, PA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Renovated two‑unit mixed‑use property on a prominent corner lot in Northeast Reading; built in 1935.; Street‑level commercial storefront with its own private entrance for flexible business use.; Upstairs two‑bedroom apartment with a private entrance, balcony, and attic storage.
