$302,900
PENDING

Estimated payment $1,764/month

Total Views 2,460
-- Bed
-- Bath
2,350 Sq Ft
$129 Price per Sq Ft

About This Home

Remarkable Investment Opportunity! This beautifully remodeled 3-unit multifamily property offers immediate income potential, generating $950, $860, and $1000 per month from each unit, respectively. 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 $309,000, 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

Realty One Group Alliance License #RM426110 Listed on: 08/15/2025

Realty One Group Alliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,403

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,350 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 3209
  • Assessor Parcel Number 06-5307-74-62-3209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,403

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
  • Inclusions: 3 stoves and 3 refrigerators, AS IS Condition
  • 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 $950, $860, and $1000 per month from each unit, respectively. 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 $309,000, 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: 2350
  • Living Area Sq Ft: 2350
  • Price Per Sq Ft: 128.89
  • Above Grade Finished Sq Ft: 2350
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 343

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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

Condo/Co-op/Association

  • Association Recreation Fee: No

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: 567.00
  • Tax Annual Amount: 1403.00
  • Assessor Parcel Number: 06-5307-74-62-3209
  • Tax Lot: 3209
  • 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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 $302,900 +224.0% $129 / Sq Ft
02/05/2021 02/05/21 Sold $93,500 0.0% $40 / Sq Ft
12/11/2020 12/11/20 Off Market $93,500 -- --
12/09/2020 12/09/20 For Sale $109,900 +17.5% $47 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
10/18/2020 10/18/20 Off Market $93,500 -- --
10/17/2020 10/17/20 For Sale $109,900 -- $47 / Sq Ft
Source: Bright MLS

Similar Homes in Reading, PA

  • 341 N 2nd St, Reading, PA 19601

    $294,900

    • Studio
    • 2,034 Sq Ft
    • 341 N 2nd St
    • Reading, PA

    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

    Mr. Nelson Gamez Realty One Group Alliance

    Section Image
  • 267 N Front St, Reading, PA 19601

    $240,000

    • Studio
    • 267 N Front St
    • Reading, PA

    Nice large corner property with first floor laundromat that needs a little upgrading of some machines with potential to create a positive cash flow once fully operational. There is not another laundromat in the immediate area. Or this space can be used as a store front for your business. There are two 3 bedroom apartments on the second level that are currently rented, one at 750/month and the

    Scott Goetz Century 21 Gold

    Section Image
  • 334 Mcknight St, Reading, PA 19601

    $355,000

    • Studio
    • 3,200 Sq Ft
    • 334 Mcknight St
    • Reading, PA

    Do not miss out on this opportunity! Come check out this multi-purpose building. There are two apartments up on the second floor. Both apartments have their own private entrance on the side of the building away from the automotive garage. The first apartment is a 1 bedroom with 1 bathroom and the second apartment is 3 bedrooms with 1.5 bathrooms. There are long-term tenants in both apartments

    Ashlee Perez Keller Williams Platinum Realty - Wyomissing

    Section Image
  • 612 N 3rd St, Reading, PA 19601

    $225,000

    • Studio
    • 2,281 Sq Ft
    • 612 N 3rd St
    • Reading, PA

    Located in Reading’s Queen Anne Historic District—a highly regarded area featuring cohesive late 19th- and early 20th-century architectural character—this brick property offers charm, space, and flexibility. The first level includes a 2-bedroom layout with new vinyl plank flooring, while the upper level features 3 bedrooms, with each unit offering its own kitchen, living room, and full bath. This

    Tyler Miller Keller Williams Platinum Realty - Wyomissing

    Section Image
  • 617 N Front St, Reading, PA 19601

    $259,900

    • Studio
    • 1,821 Sq Ft
    • 617 N Front St
    • Reading, PA

    617 North Front Street – A Two-Unit Gem with Endless PotentialThis property radiates pride of ownership. The sellers have gone above and beyond, meticulously maintaining and upgrading every corner — from major mechanicals and plumbing to electrical and basement work. The result? A home with true turn-key potential that stands out in today’s market.Step inside and you’ll find

    JOSE VAZQUEZ Light House Realtors, LLC

    Section Image
  • 346 N 6th St, Reading, PA 19601

    $335,000

    • Studio
    • 2,900 Sq Ft
    • 346 N 6th St
    • Reading, PA

    Welcome to 346 N 6th St. Looking to expand your portfolio or get started? This property is a great addition. Whether you are a seasoned investor or looking to get started this property is fully occupied and profit generating. On the first floor you will find a commercial space that is currently being utilized as a restaurant. This tenant is on a 10 year lease paying $1500/month and already

    Jose Manzueta JM Diamond Realty

    Section Image
  • 127 N 5th St, Reading, PA 19601

    $259,500

    • Studio
    • 5,502 Sq Ft
    • 127 N 5th St
    • Reading, PA

    This expansive 5,502 sq ft building, formerly the Pollock Furs Company, offers a unique investment opportunity in the heart of Reading City. The property features two 1-bedroom apartments currently on a month-to-month lease, providing steady rental income. Additionally, the building boasts a versatile storefront, perfect for retail or office use, with ample leasable square footage.With its

    Anthony Borelli Century 21 Gold

    Section Image
  • 321 N 6th St, Reading, PA 19601

    $298,900

    • Studio
    • 2,540 Sq Ft
    • 321 N 6th St
    • Reading, PA

    Add this triplex to your portfolio or live for free when you live in one and collect rent from the other two units! Two out of the three units are occupied and tenants wish to stay! Convenient off street parking!

    Colette Stallworth Century 21 Gold

    Section Image
  • 218 W Oley St, Reading, PA 19601

    $264,900

    • Studio
    • 2,200 Sq Ft
    • 218 W Oley St
    • Reading, PA

    Don’t miss this excellent opportunity to own a fully detached 2-unit property in the heart of Reading City. Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers great flexibility and potential.Each unit is separately metered, offering convenience for tenants and landlords alike.Unit 1 (First Floor):Features a

    Aida Sanchez Coldwell Banker Realty

    Section Image

Source: Bright MLS

MLS Number: PABK2061248

Bright MLS

APN: 5307-74-62-3209