401 Walnut St Reading, PA 19601
Reading City Center NeighborhoodEstimated payment $6,791/month
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
(610) 780-3024 jgantkowski@pagodarpm.com Iron Valley Real Estate of Berks Listed on: 11/25/2024
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Price Changed | $1,150,000 | -8.0% | $105 / Sq Ft |
| 05/30/2025 05/30/25 | For Sale | $1,250,000 | 0.0% | $114 / Sq Ft |
| 05/07/2025 05/07/25 | Pending | -- | -- | -- |
| 11/25/2024 11/25/24 | For Sale | $1,250,000 | -- | $114 / Sq Ft |
Source: Bright MLS
MLS Number: PABK2051414
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