643 Penn Ave Reading, PA 19611
Estimated payment $3,703/month
Total Views
2,255
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Wood Flooring
- Downtown Location
- Hot Water Heating System
- West Reading Elementary Center Rated A-
- Central Heating and Cooling System
About This Home
Located in the vibrant and highly desirable West Reading corridor, this fully leased two-unit mixed-use property offers immediate income and long-term potential. The first floor features a commercial/retail space currently occupied by a stable tenant. With high visibility, excellent foot traffic, and a strong presence on one of the busiest streets in the area, this space is ideal for continued retail or professional use.
The second floor is a well-maintained 2 bedroom residential unit, also tenant-occupied, providing additional steady income. The apartment has a private entrance and offers a comfortable living space with a layout that suits long-term rental demand in this popular neighborhood.
Utilities are separately metered, and the property boasts a solid rental history with reliable tenants in place. Just steps from Penn Avenue’s shops, dining, and entertainment, this property is perfectly positioned for both investor and potential owner-occupant interest.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,672
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Downtown Location
Home Design
- Brick Exterior Construction
- Pitched Roof
- Concrete Perimeter Foundation
Flooring
- Wood
- Tile or Brick
- Vinyl
Utilities
- Central Heating and Cooling System
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 2389
- Assessor Parcel Number 93-5307-17-10-2389
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $3,252 | $143,800 | $56,600 | $87,200 |
| 2024 | $7,948 | $143,800 | $56,600 | $87,200 |
| 2023 | $3,845 | $104,800 | $56,600 | $48,200 |
| 2022 | $5,376 | $104,800 | $56,600 | $48,200 |
| 2021 | $5,283 | $104,800 | $56,600 | $48,200 |
| 2020 | $5,129 | $104,800 | $56,600 | $48,200 |
| 2019 | $5,023 | $104,800 | $56,600 | $48,200 |
| 2018 | $4,881 | $104,800 | $56,600 | $48,200 |
| 2017 | $4,772 | $104,800 | $56,600 | $48,200 |
| 2016 | $1,538 | $104,800 | $56,600 | $48,200 |
| 2015 | $1,538 | $104,800 | $56,600 | $48,200 |
| 2014 | $1,486 | $104,800 | $56,600 | $48,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/22/2025 06/22/25 | For Sale | $550,000 | -- | -- |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $375,000 | None Listed On Document | |
| Special Warranty Deed | $150,000 | None Available | |
| Sheriffs Deed | $2,000 | None Available | |
| Deed | $395,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $281,250 | New Conventional | |
| Previous Owner | $120,000 | FHA | |
| Previous Owner | $20,000 | Unknown | |
| Previous Owner | $550,000 | Unknown | |
| Previous Owner | $134,000 | Unknown |
Source: Public Records
Similar Homes in Reading, PA
Source: Bright MLS
MLS Number: PABK2059058
APN: 93-5307-17-10-2389
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 533A Franklin St
- 531 Franklin St
- 126 S 6th Ave
- 121 Obold St
- 100 S 2nd Ave
- 215 Chestnut St
- 128 S 2nd Ave
- 415 Sunset Rd
- 422 Douglass St
- 1130 Albright Ave
- 334 Windsor St
- 550A Tulpehocken St
- 410 Windsor St
- 518 Gordon St
- 633 Tulpehocken St
- 551 Gordon St
- 324 W Greenwich St
- 317 Schuylkill Ave
- 612 Old Wyomissing Rd
- 610 Old Wyomissing Rd