306 5Th St Reading, PA 19602
This exceptional 6-unit apartment building, located at 306 S 5th St in Reading, Pennsylvania (zip code 19602), presents a compelling investment opportunity. Built in 1900, the property boasts a total of 4,760 square feet and offers a strong net operating income (NOI) of $54,589. The property's central location in Reading ensures high occupancy rates and ease of tenant acquisition. This makes it an ideal investment for those seeking a stable and profitable multifamily asset. The asking price is $525,000. This property is available for purchase individually, or as part of a larger package deal encompassing either 11 or 20 units. Detailed financial statements and further information are available upon request. This is a rare opportunity to acquire a well-performing multifamily property in a desirable location. The property's strong cash flow and central location make it an attractive investment for both seasoned and new investors. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.