Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1890
Sq.Footage
10,350
Now offered at $895,000, Walnut St Commons presents an exceptional opportunity to acquire a stabilized 9-unit multifamily investment in the heart of Reading, Pennsylvania. Following a strategic price adjustment, the property now delivers one of the most compelling combinations of cash flow, operational efficiency, and value currently available in the market. With strong in-place income, a diversified unit mix, and continued rental upside, Walnut St Commons is well positioned for seasoned investors, portfolio expansion, or a 1031 exchange. The property currently generates approximately $78,529 in Net Operating Income, producing an impressive 8.8% capitalization rate at the new asking price. Through continued rent optimization and natural lease turnover, projected Net Operating Income increases to approximately $87,454, resulting in an outstanding 9.77% pro forma capitalization rate. These performance metrics position the asset among the stronger stabilized multifamily investment opportunities currently available in the region. The building consists of three studio apartments, five one-bedroom apartments, and one two-bedroom apartment, providing diversified rental income and reducing reliance on any single unit type. Current average rents remain below market in several apartments, offering investors a clear and achievable value-add opportunity without significant capital improvements. Combined with historically strong occupancy, efficient operating expenses, and consistent cash flow, Walnut St Commons offers immediate returns while preserving meaningful upside for future ownership. Whether you're seeking dependable passive income, expanding an existing multifamily portfolio, or completing a 1031 exchange, Walnut St Commons delivers an attractive balance of stability, cash flow, and long-term appreciation potential at a price point that is difficult to replicate in today's market
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
None, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1
-
Lot Size(square feet)
4,356
-
Property Type
Commercial Sale
Price
-
Sales Price
$895,000
-
Tax Amount
$2,689
-
Financing Options
Cash, Conventional
-
Sq. Footage
10,350
-
Price/SqFt
$86
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
4427
-
Water Source
Public
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Location
County
BERKS
Elementary School
Middle School
High School
Listing Courtesy of Frank J Renaldi, The Real Estate Firm & Property Management
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Branch Manager- Bedford
Betty Everly
Call Betty today to schedule a private showing.
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