521 S 16TH ST new to site Save Request In-Person Tour Request Virtual Tour
Reading,PA 19606
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $64
MLS Listing ID PABK2060552
Year Built 1967
Available Date 2025-07-28
Annual Tax Amount $924
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
521 S 16th Street, Reading PA features 10 self-storage units and 4 off-street parking spaces, all within a gated, secure facility. The mix includes six 9x17 units along with four larger units, all equipped with roll-up doors. The added parking component provides additional income potential, making this a flexible and efficient income-producing asset.
Current income is $15,989 with a net operating income (NOI) of $12,602.84, delivering a current CAP rate of 9.3%. Pro forma projections show income at $18,500 and an NOI of $14,800, yielding a pro forma CAP rate of 11%. With minimal maintenance and strong tenant demand, this property offers reliable returns with upside potential.
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 Public Sewer,Other
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 16-5316-32-37-9537
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard