1. Pennsylvania
2. Reading
3. 328 CHESTNUT ST

328 CHESTNUT ST, Reading, PA 19602

Property Description

328 Chestnut Street, Reading PA offers 8 self-storage units, each sized at 9x20 with one double unit, providing tenants with generous and functional space. The property benefits from newer doors and a recently updated roof, reducing near-term capital expenditure and appealing to long-term renters seeking secure, well-maintained storage solutions. Current income stands at $13,912 with a net operating income (NOI) of $10,592.74, reflecting a current CAP rate of 7%. Under pro forma projections, income reaches $17,000 and NOI improves to $13,600, yielding a pro forma CAP rate of 9%. This low-maintenance asset presents an ideal opportunity for investors targeting strong cash flow and stable occupancy. 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

Listing Status:

Active

Date Added:

July 28, 2025 at 05:00AM

Listing Office:

KW Commercial : 2156641091

Listing Agent:

Beau McGettigan : 2153603540

MLS ID:

PABK2060554

Interior

• A/C: None
• Heating: None
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Beau McGettigan, KW Commercial