1038 Walnut St Reading, PA 19601
Penn's Common NeighborhoodEstimated payment $1,815/month
Highlights
- No HOA
- Forced Air Heating System
- 2-minute walk to City Park
About This Home
Excellent investment opportunity! Multi-Family with three residential units. The property features a tenant-occupied 1-bedroom unit currently rented for $800/month, with the tenant paying electric heat, hot water, and electric stove. The 1st floor rear studio unit is vacant, recently updated, and has a projected rent of approximately $1,100/month. The 2nd floor host a spacious vacant 2-bedroom unit, offers gas boiler heat and electric hot water. The property includes four separate utility meters, providing ease of management and tenant utility responsibility. Each tenant pays their own electric, hot water and heat. Ideal for investors or owner-occupants looking to generate strong rental income. Live in 1 for free, use the other 2 to cover the mortgage. Schedule a showing!
Listing Agent
(484) 273-0056 lighthouserealtylv@gmail.com Light House Realtors, LLC Brokerage Phone: 4842730056 License #RS328499 Listed on: 06/19/2026
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,348
Year Built
- Built in 1900
Lot Details
- 1,306 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 1,355 Sq Ft Home
- Property has 3 Levels
- Basement
Bedrooms and Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Reading Subdivision
Listing and Financial Details
- Tax Lot 9278
- Assessor Parcel Number 08-5317-69-01-9278
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $824 | $29,200 | $8,000 | $21,200 |
| 2025 | $793 | $29,200 | $8,000 | $21,200 |
| 2024 | $1,297 | $29,200 | $8,000 | $21,200 |
| 2023 | $1,277 | $29,200 | $8,000 | $21,200 |
| 2022 | $1,277 | $29,200 | $8,000 | $21,200 |
| 2021 | $1,277 | $29,200 | $8,000 | $21,200 |
| 2020 | $1,264 | $29,200 | $8,000 | $21,200 |
| 2019 | $1,264 | $29,200 | $8,000 | $21,200 |
| 2018 | $1,264 | $29,200 | $8,000 | $21,200 |
| 2017 | $1,255 | $29,200 | $8,000 | $21,200 |
| 2016 | $717 | $29,200 | $8,000 | $21,200 |
| 2015 | $717 | $29,200 | $8,000 | $21,200 |
| 2014 | $660 | $29,200 | $8,000 | $21,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/23/2026 07/23/26 | Price Changed | $309,900 | -1.6% | $229 / Sq Ft |
| 07/07/2026 07/07/26 | Price Changed | $314,900 | -1.6% | $232 / Sq Ft |
| 07/02/2026 07/02/26 | Price Changed | $319,900 | -1.4% | $236 / Sq Ft |
| 06/29/2026 06/29/26 | Price Changed | $324,500 | -0.2% | $239 / Sq Ft |
| 06/19/2026 06/19/26 | For Sale | $325,000 | -- | $240 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $190,000 | Stewart Title | |
| Deed | $15,000 | Conestoga Title | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $249,000 | Construction | |
| Previous Owner | $13,000 | Seller Take Back |
Source: Bright MLS
MLS Number: PABK2073908
APN: 5317-69-01-9278
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Ask me questions while you tour the home.