$500,000
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625 N 13th Street Reading, PA 19604 Municipality: Reading City
Other
Residence
Beds
Baths
...
Bed/Bath
6,600
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Excellent mixed-use investment opportunity at 625 N 13th Street, Reading, PA. This property features 22 self-storage units alongside a residential apartment and lower-level commercial space, offering a diversified income stream across asset classes. With electric, water, and sewer utilities in place..., the property provides reliable service and long-term functionality for both storage and residential/commercial use. Current income is $62,522 with a net operating income (NOI) of $46,368.75, producing a healthy 9.3% CAP rate. Pro forma projections show income potential of $70,000 and NOI of $56,000, raising the CAP rate to 11.2% with market adjustments and renewed lease focus. The varied tenant base and income-producing components make this a highly attractive property for investors seeking cash flow with growth potential. This property is part of a larger portfolio of 500+ storage units currently available across the Reading market. 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
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MLS#
PABK2060540
Property Type
Other
Year Built
1920
Square Feet
6,600
sq. ft
Price per Sq. Ft.
$75.76
Lot Size
0.13
Sewer
Public Sewer
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