NOT LISTED FOR SALE

515 Laurel St Reading, PA 19602

Studio
2 Baths
2,228 Sq Ft
1,307 Sq Ft Lot

Last Sold December 19, 2023

Last sale price $299,900 $135 Per Sq Ft

5 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Property is in very good condition
  • Wood Flooring
  • Electric Baseboard Heater

About This Home

As of December 2023

Welcome to 515 Laurel Street, a remarkable investment opportunity in the heart of Reading, PA. This well-maintained four-unit property, each unit featuring 1 bedroom and 1 bathroom with tenants paying the electric heat, and electric hot water. This is turnkey investment, boasting stability, convenience, and long term tenants in place.

Don't miss out on this exceptional opportunity to add a stable and income-generating property to your investment portfolio. Contact us to schedule your private tour and explore the lucrative potential of 515 Laurel Street in Reading, PA. Act swiftly, as four-unit properties like this rarely linger on the market.

Last Agent to Sell the Property

Scott Gentile

(610) 373-9900 scottgentilerealtor@gmail.com Coldwell Banker Realty License #rs356995 Listed on: 11/14/2023

Coldwell Banker Realty

Co-Listed By

John Salkowski

(610) 709-5147 john@jrsrealtygroup.com Real of Pennsylvania License #AB068093

Last Buyer's Agent

Deja James

(484) 748-4901 dejajames@kw.com EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,679

Year Built

  • Built in 1900

Lot Details

  • 1,307 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Plaster Walls
  • Rubber Roof

Interior Spaces

  • 2,228 Sq Ft Home
  • Double Pane Windows
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Schools

  • Reading Senior High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 4 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 9497
  • Assessor Parcel Number 01-5306-43-77-9497

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,679

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Stove, Refrigerator
  • Flooring Type: Hardwood, Ceramic Tile, Laminated
  • Window Features: Double Pane
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls, Dry Wall
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2228
  • Living Area Sq Ft: 2228
  • Price Per Sq Ft: 134.61
  • Above Grade Finished Sq Ft: 2228
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Rubber
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent
  • High School: READING SENIOR

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1306.80
  • Property Condition: Very Good
  • Zoning: RESI

Rental Info

  • Total Actual Rent: 31500.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 689.00
  • Tax Annual Amount: 1679.00
  • Assessor Parcel Number: 01-5306-43-77-9497
  • Tax Lot: 9497
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: READING

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
12/19/2023 12/19/23 Sold $299,900 0.0% $135 / Sq Ft
11/19/2023 11/19/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $299,900 +76.4% $135 / Sq Ft
03/16/2021 03/16/21 Sold $170,000 0.0% $76 / Sq Ft View Prior Sale
12/22/2020 12/22/20 Pending -- -- --
12/21/2020 12/21/20 Off Market $170,000 -- --
12/03/2020 12/03/20 For Sale $177,900 +475.7% $80 / Sq Ft
07/26/2013 07/26/13 Sold $30,900 -48.4% $14 / Sq Ft View Prior Sale
07/11/2013 07/11/13 Pending -- -- --
12/31/2012 12/31/12 For Sale $59,900 -- $27 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $1,042 $38,400 $6,600 $31,800
2024 $1,705 $38,400 $6,600 $31,800
2023 $1,679 $38,400 $6,600 $31,800
2022 $1,679 $38,400 $6,600 $31,800
2021 $1,679 $38,400 $6,600 $31,800
2020 $1,662 $38,400 $6,600 $31,800
2019 $1,662 $38,400 $6,600 $31,800
2018 $1,662 $38,400 $6,600 $31,800
2017 $1,651 $38,400 $6,600 $31,800
2016 $943 $38,400 $6,600 $31,800
2015 $943 $38,400 $6,600 $31,800
2014 $868 $38,400 $6,600 $31,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2036782

Bright MLS

APN: 5306-43-77-9497