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    5 Penn Ave Wernersville, PA 19565

    For Sale
    $2,850,000

    43 Units, High NOI, 15% Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional mixed-use property in Wernersville, Pennsylvania presents a compelling investment opportunity. The property comprises two buildings, totaling 43 units: 38 residential units (17 with private baths) and 5 commercial units. The commercial space includes a thriving bar, cafe, fully equipped kitchen, and a large restaurant/ballroom area suitable for events, along with a thrift shop. The property boasts a strong net operating income (NOI) of $430,000, resulting in a 15.09% capitalization rate. The buildings are four stories and offer 36 parking spaces. Located at 5 E Penn Ave and 25 Stitzer Ave, Wernersville, PA 19565, the property also includes an additional parcel across the street containing a barn with its own parking lot. This offers significant potential for expansion, subject to zoning approval. The asking price is $2,850,000, representing a price per unit of $66,279.07. This profitable property offers stable income and significant upside potential for the discerning investor. Detailed financial information is available upon request. This is a rare opportunity to acquire a historically significant property with a diverse tenant mix and substantial future growth potential.

    Property Features for 5 Penn Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Buildings
    2
    Stories
    4
    Units
    43

    HighLights

    • $430,000 projected annual net operating income (NOI).
    • 42‑unit historic building in a prime, high‑traffic location with 38 residential units (17 with private baths) and 4 commercial spaces (bar, cafe, kitchen, restaurant/ballroom).
    • Includes adjacent parcel with barn and parking lot, offering expansion potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Penn Werner Hotel Bar Penn Werner Hotel ... Bar BigDaveIsFat Entertainment Agency ATM Atm True's Cuppa Love Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wernersville
    County
    Berks
    State
    Pennsylvania
    Longitude
    -76.0794369
    Latitude
    40.3297888

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    Nearby Similar for Sale

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      Wernersville Multi-Family Investment

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    FAQs

    What type of property is this?
    Multifamily property - 43 Units, High NOI, 15% Cap Rate
    Where is this multifamily property located?
    The property is located at 5 Penn Ave Wernersville, PA.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: $430,000 projected annual net operating income (NOI).; 42-unit historic building in a prime, high-traffic location with 38 residential units (17 with private baths) and 4 commercial spaces (bar, cafe, kitchen, restaurant/ballroom).; Includes adjacent parcel with barn and parking lot, offering expansion potential.
    Request Owner's contact information
    5 Penn Ave Wernersville, PA 19565
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    Wernersville, PA 19565
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Penn Ave Wernersville, PA 19565
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