Seller's Agent in 2026
John Gantkowski
Iron Valley Real Estate of Berks
(610) 780-3024
7 in this area
261 Total Sales
148 S 9th St Reading, PA 19602
Southeast Reading Neighborhood
Studio
--
Bath
2,668
Sq Ft
1,307
Sq Ft Lot
About This Home
As of March 2026Four unit apartment building located at the end of the row offering additional light, and strong rental appeal. This oversized property features more than 2600 square feet of living space, making it a powerful income producing asset for any portfolio.
Investors seeking immediate cash flow will appreciate the solid rent roll and low expense structure. Tenants pay their own electric, heat, cooking gas, and hot water. Owner expenses are limited to water, sewer, trash, insurance, and taxes, maximizing net income.
For the savvy house hacker, the current owner has intentionally left one unit vacant, creating the perfect opportunity to move in and take advantage of FHA owner occupant financing while the remaining units help cover your mortgage.
Current rent roll:
Two bedroom unit 1300 per month
One bedroom unit 1100 per month
One bedroom unit 1100 per month
Studio unit 950 per month
Strong income, minimal owner expenses, and built in upside make this a standout opportunity for both investors and owner occupants. Properties with this size, layout, and income potential do not come along often. Higher than average CAP rate 11%.
Last Agent to Sell the Property
(484) 450-8771 admin@ironvalleyrealestateofberks.com Iron Valley Real Estate of Berks Brokerage Phone: 4844508771 Listed on: 02/19/2026
Last Buyer's Agent
(610) 373-9900 aortizrealestate@gmail.com Coldwell Banker Realty License #RS307633
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,845
Year Built
- Built in 1900
Lot Details
- 1,307 Sq Ft Lot
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 2,668 Sq Ft Home
- Basement Fills Entire Space Under The House
Schools
- Amanda E. Stout Elementary School
- Southern Middle School
Utilities
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for water, trash collection, real estate taxes, sewer, insurance
- Tax Lot 9150
- Assessor Parcel Number 03-5306-28-99-9150
Community Details
Overview
- 4 Units
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $1,300
- Other Expense $300
- Operating Expense $7,000
- Net Operating Income $46,400
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/13/2026 03/13/26 | Sold | $390,000 | -2.3% | $146 / Sq Ft | |
| 02/25/2026 02/25/26 | Pending | -- | -- | -- | |
| 02/19/2026 02/19/26 | For Sale | $399,000 | +714.3% | $150 / Sq Ft | |
| 05/14/2013 05/14/13 | Sold | $49,000 | -10.9% | $18 / Sq Ft | View Prior Sale |
| 04/23/2013 04/23/13 | Pending | -- | -- | -- | |
| 03/11/2013 03/11/13 | For Sale | $55,000 | -- | $21 / Sq Ft |
Source: Bright MLS
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 | $1,145 | $42,200 | $6,600 | $35,600 |
| 2024 | $1,874 | $42,200 | $6,600 | $35,600 |
| 2023 | $1,845 | $42,200 | $6,600 | $35,600 |
| 2022 | $1,845 | $42,200 | $6,600 | $35,600 |
| 2021 | $1,845 | $42,200 | $6,600 | $35,600 |
| 2020 | $1,826 | $42,200 | $6,600 | $35,600 |
| 2019 | $1,826 | $42,200 | $6,600 | $35,600 |
| 2018 | $1,826 | $42,200 | $6,600 | $35,600 |
| 2017 | $1,814 | $42,200 | $6,600 | $35,600 |
| 2016 | $757 | $42,200 | $6,600 | $35,600 |
| 2015 | $1,036 | $42,200 | $6,600 | $35,600 |
| 2014 | $954 | $42,200 | $6,600 | $35,600 |
Source: Public Records
Agents Affiliated with this Home
-
John Gantkowski
-
AnnaMarie Ortiz
Buyer's Agent in 2026
AnnaMarie Ortiz
Coldwell Banker Realty
(610) 914-4727
2 in this area
24 Total Sales
-
T
Seller's Agent in 2013
Tami Davies-Coleman
Penn Realty Professionals LLC
-
L
Buyer's Agent in 2013
LORI SNYDER
Home Town Realty
Map
Source: Bright MLS
MLS Number: PABK2068274
APN: 5306-28-99-9150
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