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306 N 13th Street, Reading PA presents a compact yet versatile investment opportunity featuring a single 16x52 unit. Supported by electric utility service, the space includes two garage doors and a flexible layout that caters well to commercial, storage, or automotive use. The unit is currently leased to a long-term tenant, generating $7,099 in annual income with a net operating income (NOI) of $5,561.81, reflecting a 7.9% CAP rate. Pro forma projections show income increasing to $10,000 with a corresponding NOI of $8,000, representing an 11.4% pro forma CAP rate. This low-maintenance property offers stable returns and commercial flexibility, ideal for investors seeking a low-barrier entry into the Reading industrial 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
| DAYS ON MARKET | 2 | LAST UPDATED | 7/27/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Reading City (10201) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | READING |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Reading City (10201) |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | None |
| LOT | 1307 sq ft |
| PARKING | Garage |
| STORIES | 1 |
| TAXES | 493 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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