S
Seller's Agent in 2025
Shawn Krause
KW Empower
(610) 207-6650
1 in this area
28 Total Sales
1500 Centre Ave Reading, PA 19601
Northwest Reading Neighborhood
--
Bed
--
Bath
3,030
Sq Ft
1,742
Sq Ft Lot
Highlights
- Corner Lot
- Parking Storage or Cabinetry
- Radiator
- 2 Car Attached Garage
About This Home
As of July 2025Investor Special! Welcome to 1500 Centre Ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don’t miss your chance to add this strong performer to your portfolio. Schedule your private tour today!
Last Agent to Sell the Property
(610) 207-6650 shawn.krause@tollrealtygroup.com KW Empower License #RS361795 Listed on: 05/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,452
Year Built
- Built in 1915
Lot Details
- 1,742 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Attached Garage
- Parking Storage or Cabinetry
- Alley Access
- On-Street Parking
Home Design
- 3,030 Sq Ft Home
- Quadruplex
- Bi-Level Home
- Brick Exterior Construction
- Concrete Perimeter Foundation
Unfinished Basement
- Interior Basement Entry
- Garage Access
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Window Unit Cooling System
- Radiator
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for common area maintenance, management, insurance, pest control, repairs, snow removal, personal property taxes, real estate taxes, trash collection, water
- Tax Lot 0416
- Assessor Parcel Number 15-5307-33-68-0416
Community Details
Overview
- 4 Units
- 3-Story Building
Building Details
- Income includes apartment rentals
- Manager Expense $3,423
- Gross Income $48,900
- Net Operating Income $32,549
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
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/25/2025 07/25/25 | Sold | $455,000 | +1.1% | $150 / Sq Ft | |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- | |
| 05/23/2025 05/23/25 | For Sale | $450,000 | +673.2% | $149 / Sq Ft | |
| 11/20/2012 11/20/12 | Sold | $58,200 | -22.3% | $19 / Sq Ft | View Prior Sale |
| 10/31/2012 10/31/12 | Pending | -- | -- | -- | |
| 07/11/2012 07/11/12 | For Sale | $74,900 | -- | $25 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Shawn Krause
-
Felix Munoz
Buyer's Agent in 2025
Felix Munoz
Century 21 Gold
(610) 780-6141
1 in this area
23 Total Sales
-
Alex Betances
Seller's Agent in 2012
Alex Betances
EXP Realty, LLC
(610) 926-8610
2 in this area
17 Total Sales
-
Tricia Bubel
Buyer's Agent in 2012
Tricia Bubel
RE/MAX of Reading
(484) 955-8018
1 in this area
183 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2057698
APN: 5307-33-68-0416
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