Ivonn Reyes
Responds Quickly
Iron Valley Real Estate of Berks
(484) 642-1605
141 Total Sales
1 in District 8
$188,000 Price
1361 Perkiomen Ave Reading, PA 19602
District 8 Neighborhood
Studio
4
Baths
4,750
Sq Ft
0.29
Acre Lot
Highlights
- No HOA
- Heating System Uses Natural Gas
- 4-minute walk to 16th & Haak Playground
About This Home
As of February 2026Don’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.
Last Agent to Sell the Property
(717) 819-2825 realtornaomibrown@gmail.com Capstone Commercial Brokerage Phone: 7178192825 License #RM425406 Listed on: 08/19/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,174
Year Built
- Built in 1931
Lot Details
- 0.29
Parking
- Parking Lot
Home Design
- 4,750 Sq Ft Home
- Brick Exterior Construction
Utilities
- No Cooling
- Heating System Uses Natural Gas
Additional Features
- Basement
Listing and Financial Details
- No Smoking Allowed
- 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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in District 8, PA
-
Ivonn Reyes
-
Erica Fair
Erica Fair
Iron Valley Real Estate of Berks
(484) 388-4814
157 Total Sales
1 in District 8
$155,000 Price
-
Jimmy Thelusca
Jimmy Thelusca
Responds QuicklyPagoda Realty ERA Powered
(862) 352-7532
128 Total Sales
1 in District 8
$170,000 Price
-
Marjorie DeJesus
Marjorie DeJesus
Responds QuicklyColdwell Banker Realty
(484) 878-3829
291 Total Sales
3 in District 8
$85K - $190K Price Range
-
Tricia Bubel
Tricia Bubel
Responds QuicklyRE/MAX Of Reading
(484) 755-3788
165 Total Sales
1 in District 8
$151,500 Price
-
Joshua Forry
Joshua Forry
Responds QuicklyRE/MAX Of Reading
(484) 755-3559
149 Total Sales
1 in District 8
$164,000 Price
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $450,000 | Signature Abstract | ||
| Ma Real Estate Investments Llc | $275,000 | Regal Abstract Lancaster |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $360,000 | ||
| Closed | Ma Real Estate Investments Llc | $220,000 |
Source: Public Records
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 | Prior Sale |
|---|---|---|---|---|---|
| 02/23/2026 02/23/26 | Sold | $450,000 | -5.3% | $95 / Sq Ft | |
| 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
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 | $3,241 | $114,800 | $31,500 | $83,300 |
| 2025 | $3,116 | $114,800 | $31,500 | $83,300 |
| 2024 | $5,098 | $114,800 | $31,500 | $83,300 |
| 2023 | $5,019 | $114,800 | $31,500 | $83,300 |
| 2022 | $5,019 | $114,800 | $31,500 | $83,300 |
| 2021 | $5,019 | $114,800 | $31,500 | $83,300 |
| 2020 | $4,968 | $114,800 | $31,500 | $83,300 |
| 2019 | $4,968 | $114,800 | $31,500 | $83,300 |
| 2018 | $4,968 | $114,800 | $31,500 | $83,300 |
| 2017 | $4,935 | $114,800 | $31,500 | $83,300 |
| 2016 | $2,819 | $114,800 | $31,500 | $83,300 |
| 2015 | $2,819 | $114,800 | $31,500 | $83,300 |
| 2014 | $2,594 | $114,800 | $31,500 | $83,300 |
Source: Public Records
Agents Affiliated with this Home
-
Naomi Brown
Seller's Agent in 2026
Naomi Brown
Capstone Commercial
(717) 819-2825
1 in this area
101 Total Sales
-
Angelo Giannotti
Buyer's Agent in 2026
Angelo Giannotti
RE/MAX of Reading
(610) 334-3431
1 in this area
237 Total Sales
-
Anthony Borelli
Seller's Agent in 2020
Anthony Borelli
Century 21 Gold
(610) 507-3520
268 Total Sales
-
Dawn Loken
Buyer's Agent in 2020
Dawn Loken
RE/MAX
(717) 587-2555
42 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2061728
APN: 5316-31-28-8653
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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.
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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.
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Copyright 2026 Bright MLS, Inc.
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