332 Franklin St West Reading, PA 19611
Estimated payment $2,053/month
Highlights
- Hot Property
- Traditional Architecture
- Hot Water Baseboard Heater
- West Reading Elementary Center Rated A-
About This Home
Very rare chance to own a high-yield and multi-unit rental property (9% cap rate) in West Reading Borough (Wyomissing Area School District). Unit One has 1 bedroom, 1 bathroom, a spacious living room and kitchen. Unit Two has 2 bedrooms (second bedroom on the 3rd fl), 1 bathroom, a spacious living room and a large kitchen. The walkout basement has another room for office or storage, a half bath, and laundry room. This property also has its own 1-2 car parking space in the backyard. Well maintained with a lot of renovations, including plumbing and electricity update and replacement windows. Unit 1 was thoroughly renovated 5 years ago. Unit Two was renovated 2 years ago. Roof, siding, and water heaters were replaced just 2 years ago. Whether you're an investor or looking for a multi-family home with income potential, this is a must-see! Schedule today, this one won't last.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,500
Year Built
- Built in 1920 | Remodeled in 2022
Lot Details
- 1,742 Sq Ft Lot
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Finished Basement
- Basement Fills Entire Space Under The House
Parking
- Driveway
- On-Street Parking
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
Community Details
- 2 Units
- Trash Expense $1,200
Listing and Financial Details
- Tax Lot 9696
- Assessor Parcel Number 93-5306-06-29-9696
Map
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 | $1,483 | $65,600 | $15,900 | $49,700 |
| 2024 | $3,626 | $65,600 | $15,900 | $49,700 |
| 2023 | $2,407 | $65,600 | $15,900 | $49,700 |
| 2022 | $3,365 | $65,600 | $15,900 | $49,700 |
| 2021 | $3,307 | $65,600 | $15,900 | $49,700 |
| 2020 | $3,211 | $65,600 | $15,900 | $49,700 |
| 2019 | $3,144 | $65,600 | $15,900 | $49,700 |
| 2018 | $3,055 | $65,600 | $15,900 | $49,700 |
| 2017 | $2,987 | $65,600 | $15,900 | $49,700 |
| 2016 | $963 | $65,600 | $15,900 | $49,700 |
| 2015 | $963 | $65,600 | $15,900 | $49,700 |
| 2014 | $930 | $65,600 | $15,900 | $49,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Sale | $318,800 | +123.3% | $187 / Sq Ft |
| 06/29/2020 06/29/20 | Sold | $142,777 | -4.7% | $84 / Sq Ft |
| 06/02/2020 06/02/20 | Pending | -- | -- | -- |
| 05/29/2020 05/29/20 | For Sale | $149,777 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $142,777 | Edge Abstract | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $83,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $112,000 | New Conventional | |
| Previous Owner | $66,400 | New Conventional |
Source: Bright MLS
MLS Number: PABK2059620
APN: 93-5306-06-29-9696
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