521 S 16th Street Reading, PA 19606 Municipality: Reading City

Other Residence

Beds

Baths

... Bed/Bath

2,100 Sq. Ft.

Property Activity

Time on Site

days

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Last updated on 12/22/2025 3:43 AM

Listing Details

521 S 16th Street, Reading PA features 10 self-storage units and 4 off-street parking spaces, all within a gated, secure facility. The mix includes six 9x17 units along with four larger units, all equipped with roll-up doors. The added parking component provides additional income potential, making t...his a flexible and efficient income-producing asset. Current income is $15,989 with a net operating income (NOI) of $12,602.84, delivering a current CAP rate of 9.3%. Pro forma projections show income at $18,500 and an NOI of $14,800, yielding a pro forma CAP rate of 11%. With minimal maintenance and strong tenant demand, this property offers reliable returns with upside potential. Additional properties in the portfolio include: 826 Hampden – 17 units 824 Ritter – 13 units 511 Birch – 10 units 340 Locust – 18 units 333 Lombard – 34 units 1536 Haak – 36 units 625 N. 13th – 22 units 1128 Pike – 34 units 1200 N 9th Street – 66 units 306 N 13th Street – 1 unit 1541 Fairview – 8 units 635-R Weiser – 1 unit 521 S 16th Street – 10 units 328 Chestnut – 8 units 1214 Weimer – 10 units 741 Church – 12 units 330 Robeson - 1015 Rose – 96 units 364 Blair – 86 units Continue reading

MLS#

PABK2060552

Property Type

Other

Year Built

1967

Square Feet

2,100 sq. ft

Price per Sq. Ft.

$64.29

Lot Size

0.1