145 Spring Valley Rd Reading, PA 19605
Reading AreaEstimated payment $5,376/month
Highlights
- 3 Car Detached Garage
- Hot Water Heating System
- Carpet
- Instant Hot Water
About This Home
Rare opportunity to acquire a detached 7-unit investment property offering strong cash flow, low expenses, and long-term stability. This well-maintained building features a solid tenant base with mostly long-term occupants, delivering consistent monthly income of $8,970 with minimal annual expenses of just $14,211. Designed for efficiency, each unit is separately metered with tenants paying their own electric and heat, significantly reducing owner overhead. Every unit is equipped with a high-efficiency combi system providing heat and on-demand hot water—eliminating traditional tanks while offering modern, reliable performance. The property also includes three garages, creating additional income potential, along with ample on-site parking for tenants and extra spaces that can be rented for added revenue. As a detached building, it offers privacy, strong curb appeal, and ease of management compared to attached properties. Located in the highly desirable Muhlenberg School District, this property benefits from strong rental demand and convenient access to major routes, shopping, and everyday amenities. A true turnkey, income-producing asset with excellent fundamentals and upside potential—ideal for any investor looking to expand their portfolio.
Listing Agent
(888) 397-7352 pa.broker@exprealty.net EXP Realty, LLC Brokerage Phone: 8883977352 Listed on: 04/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,222
Year Built
- Built in 1900
Lot Details
- 9,147 Sq Ft Lot
- Property is in good condition
Parking
- 3 Car Detached Garage
- 10 Open Parking Spaces
- 10 Off-Street Spaces
- Rear-Facing Garage
- Parking Lot
Home Design
- Flat Roof Shape
- Permanent Foundation
- Frame Construction
- Pitched Roof
- Shingle Roof
Flooring
- Carpet
- Laminate
- Vinyl
Schools
- Muhlenberg Middle School
- Muhlenberg High School
Utilities
- Heating System Uses Natural Gas
- Hot Water Heating System
- 100 Amp Service
- Municipal Trash
Additional Features
- Instant Hot Water
- Basement Fills Entire Space Under The House
Listing and Financial Details
- Tax Lot 3812
- Assessor Parcel Number 66-5318-09-15-3812
Community Details
Overview
- 4 Units
- 2-Story Building
Building Details
- 1 Vacant Unit
- Income includes apartment rentals, parking
- Operating Expense $14,211
- Net Operating Income $14,211
Map
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 |
|---|---|---|---|---|
| 2025 | $5,702 | $79,007 | $8,659 | $70,348 |
| 2024 | $5,702 | $72,284 | $7,922 | $64,362 |
| 2023 | $5,384 | $64,224 | $7,039 | $57,185 |
| 2022 | $4,811 | $58,095 | $6,367 | $51,728 |
| 2021 | $4,535 | $54,259 | $5,947 | $48,312 |
| 2020 | $4,275 | $51,528 | $5,648 | $45,880 |
| 2019 | $4,025 | $47,888 | $5,249 | $42,639 |
| 2018 | $3,686 | $42,993 | $4,722 | $38,271 |
| 2017 | $3,418 | $39,088 | $4,293 | $34,795 |
| 2016 | $3,202 | $35,796 | $3,918 | $31,878 |
| 2015 | $3,003 | $32,700 | $3,700 | $29,000 |
| 2014 | $3,003 | $32,550 | $3,700 | $28,850 |
| 2013 | $3,003 | $34,830 | $4,127 | $30,703 |
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 |
|---|---|---|---|---|
| 06/08/2026 06/08/26 | Price Changed | $899,900 | -4.8% | -- |
| 05/08/2026 05/08/26 | Price Changed | $944,900 | -4.9% | -- |
| 04/15/2026 04/15/26 | For Sale | $994,000 | -- | -- |
Source: Bright MLS
MLS Number: PABK2070798
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