$650,000

Estimated payment $3,525/month

Studio
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • City View
  • Tile or Brick Flooring
  • Ceiling Fan
  • More Than Two Accessible Exits
  • Downtown Location
  • 5-minute walk to City Park

About This Home

Excellent opportunity to acquire a well-maintained mixed-use property in the city offering immediate cash flow and future upside. The building consists of a vacant commercial storefront, 7 occupied residential units, and an additional apartment already in progress, providing a unique value-add component for the next owner to make it a potential 9 units. The residential units include six 1-bedroom apartments and one 2-bedroom apartment, all of which have seen updates completed throughout the life of ownership. The property spans over a massive amount of square feet and has been thoughtfully managed to maximize functionality and income potential. An additional apartment was being constructed behind the commercial storefront, featuring its own private access from the side alley. The side alley also provides separate access to the 2-bedroom unit, enhancing privacy, layout efficiency, and overall usability of the property. This asset is ideal for investors seeking stable income, owner-operators looking to utilize the commercial space, or buyers interested in completing the additional unit to increase future returns. Multiple access points, mixed-use versatility, and expansion potential make this property a strong addition to any portfolio. 24 hour notice required, schedule your showing today!

Listing Agent

Veronica Palmer

(484) 450-8771 admin@ironvalleyrealestateofberks.com Iron Valley Real Estate of Berks Brokerage Phone: 4844508771 Listed on: 03/02/2026

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,227

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Downtown Location
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Tile or Brick Flooring
  • City Views
  • Stove

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 4574
  • Assessor Parcel Number 09-5317-69-01-4574

Community Details

Overview

  • 4 Units
  • 4-Story Building

Building Details

  • 1 Vacant Unit
  • Operating Expense $340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,227

Year Built

Built in 1900

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: all kitchen appliances
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Stove, Refrigerator
  • Flooring Type: Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Concrete Perimeter, Other
  • Basement: Yes
  • Basement Type: Connecting Stairway, Unfinished, Full
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination, Mixed
  • Roof: Rubber
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Previous Twelve Months Electric Expense: 480.00
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Average
  • Zoning: MIX USE
  • Zoning Description: (8 units) 7 residential units and 1 Commercial

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Owner Pays: Sewer, Water, Taxes - Real Estate, Electricity
  • Rent Control: No
  • Total Actual Rent: 8600.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • School Tax: 886.00
  • Tax Annual Amount: 2227.00
  • Assessor Parcel Number: 09-5317-69-01-4574
  • Tax Lot: 4574
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Number Of Units Vacant: 1
  • Operating Expense: 340.00
  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1

MLS Schools

  • School District Name: READING

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,341 $49,400 $11,000 $38,400
2024 $2,194 $49,400 $11,000 $38,400
2023 $2,160 $49,400 $11,000 $38,400
2022 $2,160 $49,400 $11,000 $38,400
2021 $2,160 $49,400 $11,000 $38,400
2020 $2,138 $49,400 $11,000 $38,400
2019 $2,138 $49,400 $11,000 $38,400
2018 $2,138 $49,400 $11,000 $38,400
2017 $2,124 $49,400 $11,000 $38,400
2016 $1,213 $49,400 $11,000 $38,400
2015 $1,213 $49,400 $11,000 $38,400
2014 $1,116 $49,400 $11,000 $38,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2026 03/02/26 For Sale $650,000 -- --
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $14,800 --
Source: Public Records

Source: Bright MLS

MLS Number: PABK2068850

Bright MLS

APN: 09-5317-69-01-4574

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