$474,990
PENDING

1361 Perkiomen Ave Reading, PA 19602

District 8 Neighborhood

Estimated payment $2,922/month

Total Views 5,534
-- Bed
-- Bath
4,750 Sq Ft
$100 Price per Sq Ft

Highlights

  • No HOA
  • No Heating
  • 5-minute walk to 16th & Haak Playground

About This Home

Don’t miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area.
This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 1.5 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water.

Listing Agent

Naomi Brown

(717) 819-2825 realtornaomibrown@gmail.com Capstone Commercial License #RM425406 Listed on: 08/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,174

Year Built

  • Built in 1931

Parking

  • Parking Lot

Home Design

  • 4,750 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • No Cooling
  • No Heating

Additional Features

  • Basement

Listing and Financial Details

  • Tax Lot 8653
  • Assessor Parcel Number 16-5316-31-28-8653

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,174

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Habitable Residence: No
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1931
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Buildout Allowance: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Total Sq Ft: 4750
  • Living Area Sq Ft: 4750
  • Price Per Sq Ft: 100.00
  • Above Grade Finished Sq Ft: 4750
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Access To Pool: No
  • Pool Private: No
  • Spa: No
  • View: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No
  • Fencing: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Open Parking: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling: No
  • Electricity On Property: No
  • Heating Fuel: Natural Gas
  • Heating: No
  • Sewer/Septic System: Public Sewer
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Crops Included: No
  • Farm Credit Service Incl: No
  • Irrigation Water Rights: No
  • Land Lease: No
  • Lot Dimensions: 0.00 x 0.00
  • Property Attached Yn: No
  • Zoning: R-3
  • Farmland Preservation: No

Green Features

  • Green Verification: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Pets Allowed: No
  • Rent Control: No
  • Smoking Allowed Yn: No
  • Units Leased Count: 5
  • Vacation Rental: No
  • Property Manager: No
  • Rent Spree Online Application: No

Tax Info

  • School Tax: 2058.00
  • Tax Annual Amount: 5174.00
  • Assessor Parcel Number: 16-5316-31-28-8653
  • Tax Lot: 8653
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2025
  • Tax Opportunity Zone: No

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: READING

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2025 11/07/25 Pending -- -- --
10/03/2025 10/03/25 For Sale $474,990 0.0% $100 / Sq Ft
09/17/2025 09/17/25 Pending -- -- --
08/29/2025 08/29/25 Price Changed $474,990 0.0% $100 / Sq Ft
08/19/2025 08/19/25 For Sale $475,000 +72.7% $100 / Sq Ft
08/17/2020 08/17/20 Sold $275,000 -5.0% $58 / Sq Ft View Prior Sale
07/08/2020 07/08/20 Pending -- -- --
01/17/2020 01/17/20 Price Changed $289,500 -1.7% $61 / Sq Ft
10/29/2019 10/29/19 For Sale $294,500 -- $62 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PABK2061728

Bright MLS

APN: 5316-31-28-8653

Pennsylvania Berks County Reading 19602 District 8

1361 Perkiomen Ave, Reading, PA

Pending

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes
Naomi Brown
Listing Agent
Naomi Brown
Section Image
Capstone Commercial
(484) 897-7821