NOT LISTED FOR SALE

Estimated Value: $519,000 - $595,039

Studio
-- Bath
4,500 Sq Ft
$124/Sq Ft Est. Value

Sale Details

Date Sold: January 23, 2026

Last sale price $575,000 $128 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,619 / mo

72 Days on Market

Highlights

  • Traditional Architecture
  • Exterior Cameras
  • Central Air
  • Porch
  • Luxury Vinyl Plank Tile Flooring
  • Property is in very good condition

About This Home

As of January 2026

This investment opportunity is turn key and ready for you. A 5-unit ready to go that has only one vacancy currently. This property has been completely rehabbed with new kitchens and bathrooms, windows, paint, flooring, security door and cameras, updated electric with separate meters, and one roof has a brand new rubber roof on it. Best of all, each unit the tenants pay for their own heat and air conditioning with new mini split systems. The total rents are $73,500 per year. Expenses are roughly as follows. Insurance $1,900, repairs/maintenance $500, Sewer & Water $4,800, licenses and permits $250, electric $300, and real estate taxes. The cap rate is just under 10%, and the debt coverage ratio is 1.46% with the typical 25% down.

Last Agent to Sell the Property

Jon Gordon

(717) 290-8182 homes@manorwestrealty.com Manor West Realty Brokerage Phone: 7172908182 License #AB067402 Listed on: 09/26/2025

Co-Listed By

Valerie Garcia

(717) 290-8182 homes@manorwestrealty.com Manor West Realty Brokerage Phone: 7172908182 License #5016344

Last Buyer's Agent

Elisa Rodriguez

(717) 769-2986 contracts@ironvalleyrealestate.com Iron Valley Real Estate License #RS360715

Iron Valley Real Estate
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,349

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Rubber Roof

Interior Spaces

  • 4,500 Sq Ft Home
  • Luxury Vinyl Plank Tile Flooring
  • Basement
  • Side Basement Entry
  • Oven

Home Security

  • Exterior Cameras
  • Fire Escape

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Radiant Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for miscellaneous, water, sewer, insurance, real estate taxes
  • Tax Lot 4292
  • Assessor Parcel Number 04-5306-27-89-4292

Community Details

Overview

  • 4 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,900
  • Maintenance Expense $500
  • Other Expense $400
  • Trash Expense $4,800
  • Operating Expense $11,749
  • Gross Income $73,500
  • Net Operating Income $61,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,349

Year Built

Built in 1900

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Other Expense: 400.00
  • Expected On Market: 9/27/2025 12:00:00 AM
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven - Single, Refrigerator
  • Flooring Type: Luxury Vinyl Plank
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Side Entrance
  • Total Sq Ft: 4500
  • Living Area Sq Ft: 4500
  • Price Per Sq Ft: 133.31
  • Above Grade Finished Sq Ft: 4500
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Fire Escape
  • Roof: Asphalt, Rubber
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Exterior Cameras, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Zoning: COMMERCIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Miscellaneous, Water, Sewer, Insurance, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 73500.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 1332.00
  • Tax Annual Amount: 3349.00
  • Assessor Parcel Number: 04-5306-27-89-4292
  • Tax Lot: 4292
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 73500.00
  • Gross Scheduled Income: 73500.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 11749.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: READING

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Reading, PA

See All Agents

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
01/23/2026 01/23/26 Sold $575,000 -4.2% $128 / Sq Ft
12/08/2025 12/08/25 Pending -- -- --
11/24/2025 11/24/25 For Sale $599,900 0.0% $133 / Sq Ft
10/07/2025 10/07/25 Pending -- -- --
09/26/2025 09/26/25 For Sale $599,900 -- $133 / Sq Ft
Source: Bright MLS

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2063510

Bright MLS

APN: 04-5306-27-89-4292

Your Personal Tour Guide

Ask me questions while you tour the home.