306 N 13TH ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19604
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2060546
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $493
Tax Year 2024
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
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
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer No Sewer System
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 09-5317-70-21-1949
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard