$294,900
PENDING

Estimated payment $1,643/month

Total Views 2,283
-- Bed
-- Bath
2,034 Sq Ft
$145 Price per Sq Ft

About This Home

Remarkable Investment Opportunity! This beautifully remodeled 3-unit multifamily property offers immediate income potential, generating $1000, $800, and $750 per month from each unit with a lot of potential for rent increase. Each unit features separate heat and electric meters, allowing tenants to manage their own utilities. Conveniently located near the heart of Reading, this property is perfectly situated for easy access to local amenities and transportation. With strong rental income and a desirable location, this property is priced to sell and ready to produce income from day one. Don't miss out on this fantastic investment!

property was previously appraised for a private loan back in November 2024 and it appraised $304,000, so it is appraised to sell.

this property is part of a 4 property package ( 425 n 5th st Reading PA 19601. .... 1122 spring St Reading PA 19604 ..... 343 N 2nd st Reading PA Reading PA 19601 ...... and 341 N 2nd st Reading PA 19601 )

Listing Agent

Mr. Nelson Gamez

(484) 345-9135 nelsongamezrealtor@gmail.com Realty One Group Alliance License #RM426110 Listed on: 08/15/2025

Realty One Group Alliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $959

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,034 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 3208
  • Assessor Parcel Number 06-5307-74-62-3208

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$959

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 8/15/2025 12:00:00 AM
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Remarkable Investment Opportunity! This beautifully remodeled 3-unit multifamily property offers immediate income potential, generating $1000, $800, and $750 per month from each unit with a lot of potential for rent increase. Each unit features separate heat and electric meters, allowing tenants to manage their own utilities. Conveniently located near the heart of Reading, this property is perfectly situated for easy access to local amenities and transportation. With strong rental income and a desirable location, this property is priced to sell and ready to produce income from day one. Don't miss out on this fantastic investment! property was previously appraised for a private loan back in November 2024 and it appraised $304,000, so it is appraised to sell. this property is part of a 4 property package ( 425 n 5th st Reading PA 19601. .... 1122 spring St Reading PA 19604 ..... 343 N 2nd st Reading PA Reading PA 19601 ...... and 341 N 2nd st Reading PA 19601 )
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2034
  • Living Area Sq Ft: 2034
  • Price Per Sq Ft: 144.99
  • Above Grade Finished Sq Ft: 2034
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 341

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • 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
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 138R
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Year Assessed: 2024
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 387.00
  • Tax Annual Amount: 959.00
  • Assessor Parcel Number: 06-5307-74-62-3208
  • Tax Lot: 3208
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Pending -- -- --
08/15/2025 08/15/25 For Sale $294,900 +215.4% $145 / Sq Ft
02/05/2021 02/05/21 Sold $93,500 0.0% $50 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
12/11/2020 12/11/20 Off Market $93,500 -- --
12/09/2020 12/09/20 For Sale $104,900 +12.2% $56 / Sq Ft
10/18/2020 10/18/20 Off Market $93,500 -- --
10/17/2020 10/17/20 For Sale $104,900 -- $56 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PABK2061244

Bright MLS

APN: 5307-74-62-3208