1049 Penn St Reading, PA 19601
Penn's Common NeighborhoodEstimated payment $5,436/month
Highlights
- Traditional Architecture
- Hot Water Heating System
- 3-minute walk to City Park
- Wood Flooring
About This Home
Prime multi-unit property with high-visibility and corner Location facing City Park. An exceptional opportunity to own a 4-unit mixed-use property in a prime, high-traffic location. This impressive building features one spacious unit per floor, including 1 ground-floor commercial space and 3 large residential apartments, each offering unique charm and character. It features a premium location situated on a high-visibility corner directly across from a park, offering scenic park and city views. Excellent accessibility with easy access to public transportation and foot traffic, ideal for both residential and commercial use. The units are well-maintained with high ceilings, hardwood floors, and abundant natural light. The architectural character amazes with beautiful original architectural features and rear sun porches add elegance and light to each apartment. The long-term commercial tenant, ensures stable income. A versatility for investors seeking strong rental income or owner-occupants looking to live and invest in a vibrant area. This is a rare chance to acquire a corner detached property with high curb appeal and excellent growth potential. Don't miss out on this standout asset in a sought-after neighborhood.
Listing Agent
(484) 769-5873 zrivera@teamriverarealtors.com Keller Williams Platinum Realty - Wyomissing License #RS337559 Listed on: 08/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,552
Year Built
- Built in 1900
Lot Details
- 2,613 Sq Ft Lot
- Property is in average condition
Home Design
- 6,500 Sq Ft Home
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Stone Siding
Flooring
- Wood
- Ceramic Tile
Utilities
- Hot Water Heating System
- Natural Gas Water Heater
Additional Features
- Partially Finished Basement
Listing and Financial Details
- Tax Lot 0269
- Assessor Parcel Number 08-5317-77-10-0269
Community Details
Overview
- 4 Units
Building Details
- 1 Vacant Unit
- Income includes apartment rentals, shop rentals
- Insurance Expense $3,000
- Operating Expense $17,045
- Gross Income $85,000
- Net Operating Income $60,955
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $2,741 | $101,000 | $27,300 | $73,700 |
| 2024 | $4,485 | $101,000 | $27,300 | $73,700 |
| 2023 | $4,415 | $101,000 | $27,300 | $73,700 |
| 2022 | $4,415 | $101,000 | $27,300 | $73,700 |
| 2021 | $4,415 | $101,000 | $27,300 | $73,700 |
| 2020 | $4,371 | $101,000 | $27,300 | $73,700 |
| 2019 | $4,371 | $101,000 | $27,300 | $73,700 |
| 2018 | $4,371 | $101,000 | $27,300 | $73,700 |
| 2017 | $4,342 | $101,000 | $27,300 | $73,700 |
| 2016 | $2,481 | $101,000 | $27,300 | $73,700 |
| 2015 | $2,481 | $101,000 | $27,300 | $73,700 |
| 2014 | $2,283 | $101,000 | $27,300 | $73,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $950,000 | +159.6% | $146 / Sq Ft | |
| 06/06/2022 06/06/22 | Sold | $366,000 | 0.0% | $59 / Sq Ft | View Prior Sale |
| 03/31/2022 03/31/22 | Off Market | $366,000 | -- | -- | |
| 03/28/2022 03/28/22 | Pending | -- | -- | -- | |
| 03/27/2022 03/27/22 | For Sale | $339,900 | +52.8% | $55 / Sq Ft | |
| 07/31/2018 07/31/18 | Sold | $222,500 | 0.0% | -- | View Prior Sale |
| 06/23/2018 06/23/18 | Pending | -- | -- | -- | |
| 05/31/2018 05/31/18 | Off Market | $222,500 | -- | -- | |
| 05/25/2018 05/25/18 | Price Changed | $234,900 | -6.0% | -- | |
| 01/11/2018 01/11/18 | For Sale | $249,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $366,000 | None Listed On Document | |
| Deed | $222,500 | Regal Abstract | |
| Deed | $265,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $107,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $234,603 | Commercial |
Source: Bright MLS
MLS Number: PABK2061466
APN: 08-5317-77-10-0269
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