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364 Blair Ave

$2,300,000

364 Blair Ave, Reading, PA 19601

Active
Last Updated: 09/29/2025

9.6

Cap Rate

220,485.54

NOI

Details:
Cap Rate:    9.6%
NOI:    $220,485.54
Building Size:    35,867 sqft
Year Built:    1900
Price Per Sqft:    $64.13
Zoning:    M-C
Highlights:
  • Days on Market: 64
  • Heating: Forced Air
Description:

A high-performing, income-producing flagship property comprising 90 total units: 86 self-storage units, 12 tenant parking spaces, and 4 commercial suites (fully occupied). This 1.5-acre site features designated parking for tenants, full utility access (electric, water, sewer), and a stable tenant base with strong retention. The site is optimized for operational efficiency and long-term upside.

Current Financials
Current Income: $315,897
Current NOI: $220,485.54
Current CAP Rate: 9.6%

Pro Forma Financials
Pro Forma Income: $347,846
Pro Forma NOI: $260,884
Pro Forma CAP Rate: 11.3%

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

Map:
Location
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