$1,250,000

401 Walnut St Reading, PA 19601

Reading City Center Neighborhood

Estimated payment $7,648/month

Total Views 22,472
-- Bed
-- Bath
11,000 Sq Ft
$114 Price per Sq Ft

Highlights

  • 0.11 Acre Lot
  • Traditional Architecture
  • Heating Available

About This Home

Prime Commercial Investment Opportunity in Reading City
This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this
versatile 3-building corner property offers significant potential. The asset includes 12 residential
units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was
previously a Laundromat.
Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage
unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for
water, sewer, property taxes, and trash removal.
While the property requires some TLC, it offers great upside potential for the right investor.
Showings are available to qualified buyers only, ensuring a smooth and efficient transaction.
This property presents a rare combination of residential, commercial, and storage spaces in a
prime location—don’t miss out on this exceptional investment opportunity!

Listing Agent

John Gantkowski

Iron Valley Real Estate of Berks

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,604

Year Built

  • Built in 1880

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 11,000 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating Available
  • Electric Water Heater

Additional Features

  • 4,791 Sq Ft Lot
  • Urban Location

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 3453
  • Assessor Parcel Number 07-5307-74-71-3453

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,604

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • New Construction: No
  • Year Built: 1880
  • Remarks Public: Prime Commercial Investment Opportunity in Reading City This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this versatile 3-building corner property offers significant potential. The asset includes 12 residential units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was previously a Laundromat. Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for water, sewer, property taxes, and trash removal. While the property requires some TLC, it offers great upside potential for the right investor. Showings are available to qualified buyers only, ensuring a smooth and efficient transaction. This property presents a rare combination of residential, commercial, and storage spaces in a prime location—don’t miss out on this exceptional investment opportunity!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 11000
  • Living Area Sq Ft: 11000
  • Price Per Sq Ft: 113.64
  • Above Grade Finished Sq Ft: 11000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 401

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Road Surface Type: Paved
  • 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
  • Heating Fuel: Natural Gas
  • 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: 4124
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4791.00
  • Soil Types: Unknown
  • Year Assessed: 2025
  • Zoning: MIXED

Rental Info

  • Owner Pays: Taxes - Real Estate, Trash Collection, Water
  • Vacation Rental: No

Tax Info

  • School Tax: 3423.00
  • Tax Annual Amount: 8604.00
  • Assessor Parcel Number: 07-5307-74-71-3453
  • Tax Lot: 3453
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2025

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10

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
11/25/2024 11/25/24 For Sale $1,250,000 -- $114 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: PABK2051414

Bright MLS

Pennsylvania Berks County Reading 19601 Reading City Center

401 Walnut St, Reading, PA

Homes for Sale in Reading, PA

This home is located at 401 Walnut St, Reading, PA 19601 and is currently priced at $1,250,000, approximately $113 per square foot. This property was built in 1880. 401 Walnut St is a home located in Berks County with nearby schools including Lauer's Park Elementary School, Southwest Middle School, and Reading Senior High School.

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Copyright 2025 Bright MLS, Inc.

John Gantkowski
Listing Agent
John Gantkowski
Section Image
Iron Valley Real Estate of Berks
(484) 218-2498