$440,000
SOLD NOV 16, 2022
-- Bed
-- Bath
5,000 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

12% Below List Price

71 Days on Market

Highlights

  • Wood Flooring
  • More Than Two Accessible Exits
  • Electric Baseboard Heater

About This Home

As of May 2025

Are you an investor looking for a multi unit building along with a laundromat? Here is 4 residential units and a thriving Laundromat. 3 of the units are 2 bedrooms and the 4th unit is a 1 to 2 bedroom apartment. The 5th unit is a laundromat on the corner of 6th and Buttonwood St; a heavy traffic area, great location for a laundromat owner and landlord. Excellent cash flow! Please call for more details concerning this property and/or a package deal with additional properties. Schedule your private showing today!

Current Rental / Lease Income Per Unit/Per Month: Unit/Apartment 1: $875 Unit/Apartment 2: $950 Unit/Apartment 3: $950 Unit/Apartment 4: $950 Unit 5: Laundromat

Last Agent to Sell the Property

Jimmy Thelusca

Pagoda Realty License #RS333622 Listed on: 02/09/2022

Pagoda Realty

Last Buyer's Agent

SHARMEEN MUSSANI

Keller Williams Realty Devon-Wayne License #RS347236

Keller Williams Realty Devon-Wayne

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,828

Year Built

  • Built in 1920

Lot Details

  • 2,178 Sq Ft Lot
  • Property is in good condition

Home Design

  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 5,000 Sq Ft Home
  • Wood Flooring

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Electric Baseboard Heater
  • 120/240V
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • 3-Story Building

Listing and Financial Details

  • The owner pays for common area maintenance, electricity, gas, management, payroll, repairs, reserves for replacement, sewer, personal property taxes, real estate taxes, trash collection
  • Tax Lot 4494
  • Assessor Parcel Number 07-5307-75-82-4494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,828

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-02-09
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Are you an investor looking for a multi unit building along with a laundromat? Here is 4 residential units and a thriving Laundromat. 3 of the units are 2 bedrooms and the 4th unit is a 1 to 2 bedroom apartment. The 5th unit is a laundromat on the corner of 6th and Buttonwood St; a heavy traffic area, great location for a laundromat owner and landlord. Excellent cash flow! Please call for more details concerning this property and/or a package deal with additional properties. Schedule your private showing today! Current Rental / Lease Income Per Unit/Per Month: Unit/Apartment 1: $875 Unit/Apartment 2: $950 Unit/Apartment 3: $950 Unit/Apartment 4: $950 Unit 5: Laundromat
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 5000
  • Living Area Sq Ft: 5000
  • Price Per Sq Ft: 100.00
  • Above Grade Finished Sq Ft: 5000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 351

Exterior Features

  • Other Structures: Above Grade
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 53700.00
  • Land Assessed Value: 11000.00
  • Land Use Code: 4200
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: COMM.

Rental Info

  • Owner Pays: Common Area Maintenance, Electricity, Gas, Management, Payroll, Repairs, Reserves For Replacement, Sewer, Taxes - Personal Property, Taxes - Real Estate, Trash Collection
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1445351
  • School Tax: 1160.00
  • Tax Annual Amount: 2828.00
  • Assessor Parcel Number: 07-5307-75-82-4494
  • Tax Lot: 4494
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/16/2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: READING

Similar Homes in Reading, PA

  • 405 Walnut St, Reading, PA 19601

    $438,000

    • Studio
    • 3,326 Sq Ft
    • 405 Walnut St
    • Reading, PA

    TURNKEY 3 unit just off Penn Ave. Property consists of 3 residential units (2) 2 Bedroom unit and (1) 3 bedroom units. Electric utility is separately metered and paid for by the tenant on 3rd floor Landlord paid heat for floors 1 and 2. Please note this property can be sold individually or together as a package with any or all of the following properties. 108 S 6th st, 114 S 6th st, 115

    Melinda O'Neill Iron Valley Real Estate of Berks

    Section Image
  • 527 N 11th St, Reading, PA 19604

    $389,000

    • Studio
    • 2,316 Sq Ft
    • 527 N 11th St
    • Reading, PA

    Great opportunity for investor! Three units with two parking space located in the city of Reading. 1st floor is a 3 bedroom but is currently divide into 2 one bedroom both with a full bathroom and a kitchen (one unit is rented at $1,000 a month the over one the owner is living on it). Unit #2 is on the 2nd floor is a 2 bedroom and 1 full bath (is rented at $860 a month). Unit #3 is on the 3rd

    Silvia Hernandez United Real Estate Strive 212

    Section Image
  • 725 N 2nd St, Reading, PA 19601

    $375,000

    • Studio
    • 1,664 Sq Ft
    • 725 N 2nd St
    • Reading, PA

    Three - units with two - car garage apartment building in the center park neighborhood, fully occupied, long term ownership, total actual income $ 33.600.00- Expenses $7400.00-solid 7% cap rate. tremendous upside as tenants are month-month, great investment or owner occupied virtually free, sellers have a large collection of properties of every size throughout the city of Reading for investors

    Reading Realty Group Reading Realty Group

    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
  • 383 Schuylkill Ave, Reading, PA 19601

    $479,900

    • Studio
    • 5,100 Sq Ft
    • 383 Schuylkill Ave
    • Reading, PA

    Prime Investment Opportunity: Mixed-Use Corner Building with Commercial & Residential IncomeDiscover an exceptional investment opportunity with this meticulously maintained, four-unit corner building, boasting over 5,000 square feet of versatile space. Perfectly situated for maximum visibility and accessibility, this property offers a compelling blend of established commercial presence and

    Angela Tolosky Coldwell Banker Realty

    Section Image
  • 204 S 4th St, Reading, PA 19602

    $450,000

    • Studio
    • 3,000 Sq Ft
    • 204 S 4th St
    • Reading, PA

    FOR SALE: Spacious 5-Unit Building in Prime City LocationWelcome to a fantastic investment opportunity! This well-maintained 5-unit building offers spacious layouts in every unit, featuring high ceilings that bring in tons of natural light and an open, airy feel.Each unit is in good condition, all units are tenant occupied. Located just steps from local corner stores, barbershops, and right near

    Jorge Diaz Light House Realtors, LLC

    Section Image
  • 226 S 5th St, Reading, PA 19602

    $395,000

    • Studio
    • 4,210 Sq Ft
    • 226 S 5th St
    • Reading, PA

    Don't miss this rare opportunity to own a grand historic residence in the desirable Callowhill Historic District, built circa 1875. Offering over 4,500 square feet of living space and filled with period charm, this expansive home blends timeless architectural detail with modern versatility. Currently zoned as a 2 unit or a single-family home, the layout allows for a simple conversion to either

    Anthony Borelli Century 21 Gold

    Section Image
  • 1101 Chestnut St, Reading, PA 19602

    $475,000

    • Studio
    • 1101 Chestnut St
    • Reading, PA

    Prime Investment Opportunity – 1101 Chestnut St, Reading, PA 19602. Unlock the potential of this versatile mixed-use commercial property located in the heart of Reading! Positioned on a high-visibility corner lot, 1101 Chestnut Street offers immediate income potential and long-term growth—an ideal opportunity for investors or owner-occupants. First Floor –Commercial Space (Vacant): Spacious and

    Nehemiah Lindo Coldwell Banker Realty

    Section Image
  • 1023 N Front St, Reading, PA 19601

    $360,000

    • Studio
    • 1,642 Sq Ft
    • 1023 N Front St
    • Reading, PA

    Three-unit brick apartment building in the center park neighborhood, fully occupied, long term ownership, total actual income $ 34.200.00 - Expenses $ 7400.00 - solid 7.5 % cape rate, great investment for buyers seeking stable asset with upside, tenants are month-month. sellers have other properties of every size in every neighborhood in the city of Reading for investors seeking multiple

    Reading Realty Group Reading Realty Group

    Section Image

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
05/09/2025 05/09/25 Sold $530,000 -7.8% $106 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
01/20/2025 01/20/25 For Sale $574,900 0.0% $115 / Sq Ft
09/02/2024 09/02/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $574,900 +30.7% $115 / Sq Ft
11/16/2022 11/16/22 Sold $440,000 -12.0% $88 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $500,000 +13.6% $100 / Sq Ft
02/14/2022 02/14/22 Off Market $440,000 -- --
02/09/2022 02/09/22 For Sale $500,000 -- $100 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Bright MLS

MLS Number: PABK2011366

Bright MLS