548 S 7th St Reading, PA 19602
Wyomissing AreaEstimated payment $3,469/month
About This Home
This property offers a solid foundation for generating rental income. It generates rental income from 4 apartments and 7 individually rented rooms. Three of the apartments are one-bedrooms and the other is a 2-bedroom. The average condition of the property presents a canvas for value-add renovations, allowing savvy investors to enhance its appeal and increase rental rates. The unfinished basement provides additional potential for storage or future development, while the single off-street parking option provides added convenience for tenants. Located in a vibrant neighborhood, this property benefits from proximity to local amenities and transportation options, making it attractive to a wide range of potential tenants. Investors will appreciate the potential for cash flow, as the property can be rented out to multiple tenants, diversifying income streams. Don't miss out on the chance to capitalize on this promising investment in Reading!
Listing Agent
(610) 898-1441 frontdesk1110@kw.com Keller Williams Platinum Realty - Wyomissing Brokerage Phone: 6108981441 License #RS337559 Listed on: 09/01/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,096
Year Built
- Built in 1920
Lot Details
- 3,049 Sq Ft Lot
- Property is in average condition
Home Design
- Stone Foundation
- Stucco
Parking
- 1 Parking Space
- 1 Off-Street Space
- On-Street Parking
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- Unfinished Basement
Listing and Financial Details
- Tax Lot 8849
- Assessor Parcel Number 02-5306-44-86-8849
Community Details
Overview
- 4 Units
- Reading Subdivision
Building Details
- 4 Vacant Units
- Income includes apartment rentals
- Operating Expense $15,399
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2026 09/01/26 | For Sale | $599,900 | -- | -- |
Source: Bright MLS
MLS Number: PABK2077392
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