404 Spring St Reading, PA 19601
Estimated payment $1,530/month
Highlights
- Craftsman Architecture
- 1 Fireplace
- Porch
- Wood Flooring
- Multiple Balconies
- 4-minute walk to Centre Park
About This Home
Welcome to 404 Spring Street, located in the desirable Centre Park Historical District. Two-unit property features a leaded glass entrance opening into a foyer. The main-floor apartment boasts beautiful natural woodwork, beamed ceilings, a corner fireplace, and stained glass windows. It offers large, spacious rooms, a private bedroom, plus a nice eat-in kitchen, and full bath, a bonus is a beautiful private covered rear porch! Direct basement access provides convenient laundry access. This unit has strong rental potential of up $900 mo. Current owner kept rent low due to good long-term tenant.
The upper unit, spanning the second and third floors, includes three large bedrooms, an open-concept kitchen and living area, a full bath, and its own private covered rear porch! This apartment is rented to one person at a lower rate of only $1050 but easily has the potential of $1500 or more due to its sheer size.
The building is well-maintained with newer mechanicals and separate electric meters. This rare investment opportunity in a prime historic district with year round activities. This building in this location won’t last long. Landlord pays Water, Sewer Trash= $1708.82 total
Insurance - $1628
Common Electricity-$619.40
Gas- Heat & Hot Water $1957
Total Expenses : $4,913.05
Current rent role Cap rate 6.3%
Listing Agent
(610) 376-9999 sands@parealestate.com Sands & Company Real Estate Brokerage Phone: 6103769999 License #RM052104A Listed on: 05/08/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,991
Year Built
- Built in 1910
Lot Details
- 1,742 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Duplex
- Craftsman Architecture
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Poured Concrete
- Plaster Walls
- Stone Siding
Interior Spaces
- 2,264 Sq Ft Home
- 1 Fireplace
- Basement
- Interior and Exterior Basement Entry
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Outdoor Features
- Multiple Balconies
- Porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- 100 Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 3685
- Assessor Parcel Number 14-5307-50-75-3685
Community Details
Overview
- 2 Units
- 3-Story Building
- Centre Park Histor Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $1,628
- Net Operating Income $14,587
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,759 | $64,800 | $9,600 | $55,200 |
| 2024 | $2,877 | $64,800 | $9,600 | $55,200 |
| 2023 | $2,833 | $64,800 | $9,600 | $55,200 |
| 2022 | $2,833 | $64,800 | $9,600 | $55,200 |
| 2021 | $2,833 | $64,800 | $9,600 | $55,200 |
| 2020 | $2,804 | $64,800 | $9,600 | $55,200 |
| 2019 | $2,804 | $64,800 | $9,600 | $55,200 |
| 2018 | $2,804 | $64,800 | $9,600 | $55,200 |
| 2017 | $2,786 | $64,800 | $9,600 | $55,200 |
| 2016 | $1,591 | $64,800 | $9,600 | $55,200 |
| 2015 | $1,591 | $64,800 | $9,600 | $55,200 |
| 2014 | $1,464 | $64,800 | $9,600 | $55,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2026 05/08/26 | For Sale | $239,900 | 0.0% | $106 / Sq Ft | |
| 05/04/2026 05/04/26 | Price Changed | $239,900 | +213.5% | $106 / Sq Ft | |
| 01/30/2015 01/30/15 | Sold | $76,530 | -7.8% | $34 / Sq Ft | View Prior Sale |
| 01/05/2015 01/05/15 | Pending | -- | -- | -- | |
| 09/18/2014 09/18/14 | For Sale | $83,000 | -- | $37 / Sq Ft |
Source: Bright MLS
MLS Number: PABK2071514
APN: 5307-50-75-3685
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