137 Elm St Reading, PA 19601
Sixth Ward NeighborhoodEstimated payment $550/month
Total Views
724
5
Beds
2
Baths
2,070
Sq Ft
$39
Price per Sq Ft
About This Home
PROPERTY IS A SHELL. NEEDS COMPLETE REHAB**Welcome to Reading, PA*** INVESTOR SPECIAL *We are delighted to introduce you to Reading P.A, a welcoming and family-oriented neighborhood where many residents have lived for over 15 to 20 years. We would like to highlight a recent real estate opportunity in the area. The property located at 240 N 2nd St, Reading, PA 19601, was successfully sold for $265,000. My colleague served as both the general contractor and realtor for this home. Initially purchased in 2021 for $80,000, it underwent significant renovations that increased its appraised value to $250,000. After being listed on the market, it attracted multiple bids and ultimately sold for $258,000.Currently, this property is available for purchase at the same price of $80,000 just a few doors away. This home requires a conversion to a multi-family unit—a process that is relatively straightforward for an investor who is motivated and can envision the potential of the property. We advise prospective buyers to take caution when viewing the property due to some unsafe spaces; it is recommended to bring a flashlight and watch your step.This presents a fantastic investment opportunity for section 8 buyers, air Bnb purchasers or straight rental units, so please do not hesitate to reach out for more information.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,244
Year Built
- Built in 1900
Home Design
- Semi-Detached or Twin Home
- Brick Exterior Construction
Interior Spaces
- 2,070 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- 2 Full Bathrooms
Additional Features
- 1,742 Sq Ft Lot
- Heating System Uses Oil
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 0010
- Assessor Parcel Number 06-5307-73-62-0010
Map
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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 | $749 | $27,600 | $5,600 | $22,000 |
| 2024 | $1,226 | $27,600 | $5,600 | $22,000 |
| 2023 | $1,207 | $27,600 | $5,600 | $22,000 |
| 2022 | $1,207 | $27,600 | $5,600 | $22,000 |
| 2021 | $1,207 | $27,600 | $5,600 | $22,000 |
| 2020 | $1,194 | $27,600 | $5,600 | $22,000 |
| 2019 | $182 | $27,600 | $5,600 | $22,000 |
| 2018 | $1,194 | $27,600 | $5,600 | $22,000 |
| 2017 | $1,187 | $27,600 | $5,600 | $22,000 |
| 2016 | $495 | $27,600 | $5,600 | $22,000 |
| 2015 | $678 | $27,600 | $5,600 | $22,000 |
| 2014 | $624 | $27,600 | $5,600 | $22,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | Pending | -- | -- | -- |
| 04/21/2025 04/21/25 | For Sale | $80,000 | -- | $39 / Sq Ft |
Source: Bright MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,500 | None Listed On Document | |
| Deed | $19,000 | -- |
Source: Public Records
Similar Homes in Reading, PA
Source: Bright MLS
MLS Number: PABK2056206
APN: 06-5307-73-62-0010
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