Property

Reading, PA 19604 625 N 13Th Street

Presented By: KW Commercial
  • MLS# PABK2060540
  • 07/27/2025
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  • SQFT • 6,600

Home Details

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
Presented By: KW Commercial

Interior Features for 625 N 13Th Street

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Number of Elevators
Total Stories3

Other Rooms

Entry Level1

General for 625 N 13Th Street

AccessibilityNone
Association Recreation FeeN
Business TypeStorage
Cap Rate9.30
CityREADING
Construction MaterialsBlock, Brick
Cool FuelElectric
CoolingCentral A/C
CountyBERKS
DirectionsGPS
Gross Income62522.00
HeatingForced Air
Historic Y/NNo
Lot Size Square Feet5663.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
ModificationTimestamp2025-07-28T00:06:43
MunicipalityREADING CITY
Net Operating Income46368.75
New ConstructionNo
Number Of Units Total22
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG75.76
Property SubtypeSpecial Purpose
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount3032.0
Tax Assessed Value85800.0
Tax Lot2785
Tax Year2010
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningR-3

Exterior for 625 N 13Th Street

Building Area Total6600.00
Land Assessed Value15700.00
Land Use Code150
Lot Size Acres0.13
Lot Size SourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

YOLANDA CASSIDY-BOGAN

Associate
Price $500,000
MLS#PABK2060540
List Date 07/27/2025
Property Type Commercial
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