$290,000
SOLD OCT 17, 2024

738 N 3rd St Reading, PA 19601

-- Bed
-- Bath
3,379 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$86 Per Sq Ft

17% Below List Price

121 Days on Market

Highlights

  • Victorian Architecture
  • Radiant Heating System
  • 1-minute walk to Centre Park

About This Home

As of October 2024

BACK ON THE MARKET DUE TO BUYER'S FINANCING FALLING THROUGH (AFTER INSPECTION AND APPRAISAL CONTINGENCIES HAD ALREADY BEEN MET).....A RARELY OFFERED TRUE-BLUE "QUADRAPLEX" 4-UNIT MULTI-FAMILY BUILDING IN GOOD CONDITION! Building is fully occupied with loyal and mostly long-term tenants who pay their rent on time! Located in the "Centre Park Historic District." Boasting nearly 3,500 sq ft of living space (with large rooms in each unit), this gem offers old world charm with original of woodwork meets modern touches. Such a beautiful community and picturesque block! This building consists of three 1-bedroom apartment units plus one 2-bedroom apartment unit, with a serene backyard in the rear. It features a newer energy efficient heating system and is ripe for owner-occupants who'd like to have the rent-paying tenants help defray the mortgage and expenses. The new owner benefit from the revenue generated by the coin-operated washers and dryers located on-site which helps defray the landlord’s utility cost. Investors will also love this GREAT opportunity in this sought after, historical neighborhood. Must see in person to fully appreciate this one. NOTE: Seller may possibly consider an “assist/concession” for the right, qualified buyer with an attractive offer. Sellers says make ALL written offers known!

Last Agent to Sell the Property

Amber Noble

Keller Williams Main Line

Keller Williams Main Line

Last Buyer's Agent

Ed Stauffer

RE/MAX Of Reading License #RS294153

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 3,379 Sq Ft Home
  • Quadruplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Perimeter Foundation

Utilities

  • Cooling System Utilizes Natural Gas
  • Radiant Heating System
  • Underground Utilities
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • The owner pays for heat, water, common area maintenance, sewer, snow removal, real estate taxes, lawn/shrub care, pest control
  • Tax Lot 6561
  • Assessor Parcel Number 14-5307-58-64-6561

Community Details

Overview

  • 4 Units
  • Centre Park Histor Subdivision

Building Details

  • Income includes apartment rentals, laundry
  • Gross Income $34,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,377

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-05-07
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: BACK ON THE MARKET DUE TO BUYER'S FINANCING FALLING THROUGH (AFTER INSPECTION AND APPRAISAL CONTINGENCIES HAD ALREADY BEEN MET).....A RARELY OFFERED TRUE-BLUE "QUADRAPLEX" 4-UNIT MULTI-FAMILY BUILDING IN GOOD CONDITION! Building is fully occupied with loyal and mostly long-term tenants who pay their rent on time! Located in the "Centre Park Historic District." Boasting nearly 3,500 sq ft of living space (with large rooms in each unit), this gem offers old world charm with original of woodwork meets modern touches. Such a beautiful community and picturesque block! This building consists of three 1-bedroom apartment units plus one 2-bedroom apartment unit, with a serene backyard in the rear. It features a newer energy efficient heating system and is ripe for owner-occupants who'd like to have the rent-paying tenants help defray the mortgage and expenses. The new owner benefit from the revenue generated by the coin-operated washers and dryers located on-site which helps defray the landlord’s utility cost. Investors will also love this GREAT opportunity in this sought after, historical neighborhood. Must see in person to fully appreciate this one. NOTE: Seller may possibly consider an “assist/concession” for the right, qualified buyer with an attractive offer. Sellers says make ALL written offers known!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3379
  • Living Area Sq Ft: 3379
  • Price Per Sq Ft: 103.58
  • Above Grade Finished Sq Ft: 3379
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 738

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: Natural Gas
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 133
  • Lot Size Acres: 0.09
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Year Assessed: 2024
  • Zoning: MULTI

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Heat, Water, Common Area Maintenance, Sewer, Snow Removal, Taxes - Real Estate, Lawn/Shrub Care, Pest Control
  • Rent Control: No
  • Total Actual Rent: 34440.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2377.00
  • Assessor Parcel Number: 14-5307-58-64-6561
  • Tax Lot: 6561
  • Tax Total Finished Sq Ft: 3379
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 10/17/2024

Multi Family

  • Gross Income: 36800.00
  • Gross Scheduled Income: 34440.00
  • Income Includes: Apartment Rentals, Laundry
  • Single Room Units Count: 1

MLS Schools

  • School District Name: READING

Map

Range of Values:

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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 Change Sq Ft Price
10/17/2024 10/17/24 Sold $290,000 -17.1% $86 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/01/2024 08/01/24 Off Market $350,000 -- --
06/17/2024 06/17/24 Off Market $350,000 -- --
06/15/2024 06/15/24 Price Changed $350,000 0.0% $104 / Sq Ft
06/15/2024 06/15/24 For Sale $350,000 -5.4% $104 / Sq Ft
05/07/2024 05/07/24 For Sale $370,000 -- $109 / Sq Ft
Source: Bright MLS

About the Listing Agent

Amber Noble

Keller Williams Main Line

(732) 991-9426

Section Image

I'm an 17-year real estate expert with KW Main Line/Keller Williams, serving Philadelphia, PA and also New Jersey, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.

Amber's Other Listings

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    • 4 Beds
    • 2.5 Baths
    • 2,661 Sq Ft
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    WHEN OPPORTUNITY KNOCKS......Discover this hidden gem in the sought-after Pottsgrove School District, meticulously maintained by the current owners for nearly 25 years. Built in 1990, this spacious 4-bedroom, 2.5-bathroom home, with nearly 2,700 square feet of living space, is ready to welcome its new owners. Perfectly positioned on one of the BEST blocks in the entire Lower Pottsgrove Township

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  • 126 Avondale Dr, North Wales, PA 19454

    $820,000 Sold Apr 10, 2025

    • 4 Beds
    • 2.5 Baths
    • 3,000 Sq Ft
    • 126 Avondale Dr
    • North Wales, PA

    HERE’S YOURCHA NCE TO SECURE THIS MODERN, BEAUTIFUL BRICK-FRONT CENTER HALL COLONIAL IN A SCHOOL DISTRICT RATED AS GOOD AT THIS, IN THIS PRICE-RANGE! 126 Avondale Drive is located in the highly sought after "RESERVE AT KNAPP FARM" development in the heart of Montgomery County’s North Wales community and the academically competitive Noth Penn School District. This charming home 4-bedroom +

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  • 2846 Santee Dr, Bethlehem, PA 18017

    $370,000 Sold Jul 25, 2024

    • 1,950 Sq Ft
    • 2846 Santee Dr
    • Bethlehem, PA

    FABULOUSLY PRICED! Twin home stands as a testament to the thoughtful transformation the seller has reimagined this residence with the current buyer's needs at the forefront. Nestled at the end of a tranquil cul-de-sac, this residence embodies luxury, practicality, and comfort, making it the ultimate haven for modern living. Boasting 3-bdrms + 3.5-baths plus nearly 2,000 sq ft of living space,

    Amber Noble KW Main Line

  • 3243 N Etting St, Philadelphia, PA 19129

    $215,000 Sold Jan 21, 2025

    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • 3243 N Etting St
    • Philadelphia, PA

    FANTASTIC PRICE FOR A HOME THIS BRAND NEW WITH TONS OF UPGRADES!!! LOCATED ONLY A FEW MINUTES FROM BEAUTIFUL KELLY DRIVE AND THE DELL MUSIC CENTER PLUS THIS HOUSE SHARES THE 19129 ZIP CODE WITH THE NEARBY POPULAR EAST FALLS NEIGHBORHOOD. Such a rare opportunity to own a fantastic, brand NEW home on an outstanding block! This nearly 1,200 sq ft, 3-bdrm + 2-full bath rowhome located at 3243 N.

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  • 6318 Everett St, Philadelphia, PA 19149

    $280,000 Sold Aug 29, 2024

    • 3 Beds
    • 2.5 Baths
    • 1,300 Sq Ft
    • 6318 Everett St
    • Philadelphia, PA

    NEWLY LISTED! WHAT A BEAUTY IN DESIRABLE “CASTOR GARDENS”….Why in the world would you rent when YOU could own this VERY special, extra-wide, gorgeous stone front row home featuring 3-bedrooms + 2.5 baths + owner’s suite with private bathroom + central air * finished basement + 1-car garage and driveway + BONUS rear lot and more??? This home offers upgrades galore!!! Reasonably low property

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  • 157 Cedar Ct, Swedesboro, NJ 08085

    $815,000 Sold Nov 27, 2024

    • 5 Beds
    • 6.5 Baths
    • 5,825 Sq Ft
    • 157 Cedar Ct
    • Swedesboro, NJ

    SUCH A RARE OPPORTUNITY IN THE SOUGHT AFTER AND SECLUDED "NATURE'S WALK" COMMUNITY! This spectacular home on a coveted cul de sac, on 3.05 acres sits back off the street a bit for an even great level of privacy and serenity. Spanning nearly 6,000 of square feet of AMAZING living space upon entering this grand home, a few of the first features that immediately grab your attention include the regal

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  • 1419 Ravens Crest Dr, Plainsboro, NJ 08536

    $370,000 Sold Jan 13, 2025

    • 2 Beds
    • 2 Baths
    • 952 Sq Ft
    • 1419 Ravens Crest Dr
    • Plainsboro, NJ

    SHOWINGS BEGIN AT OPEN HOUSE ON SATURDAY, NOVEMBER 16, FROM 1:00pm-2:30pm.….A beautifully maintained, neutrally painted, modern, ground-level, 2-bedroom + 2-bathroom condo unit offering upgraded bathrooms in the sought after “Ravens Crest East” at Princeton Meadows community in the Plainsboro-Princeton 08536 zip code area. This coveted, serene development offers fantastic amenities including

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  • 80 Millhurst Rd, Manalapan, NJ 07726

    $775,000 Sold Jun 20, 2024

    • 5 Beds
    • 3 Baths
    • 2,700 Sq Ft
    • 80 Millhurst Rd
    • Manalapan, NJ

    *Pls Read! THIS HOME COMES WITH A SEPARATE BONUS HOUSE PLUS AN EXTRA LOT ALL ON ONE DEED*Such an incredibly special and rare opportunity! Welcome to this gorgeous enclave of homes surrounded by a private grove and forest, located in the prestigious southern Manalapan community. There are not one but TWO separate homes located on this property, totaling eight (8) bedrooms + three (3)

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  • 2164 Allenwood Rd, Wall Township, NJ 07719

    $700,000 Sold Oct 16, 2024

    • 3 Beds
    • 2.5 Baths
    • 1,800 Sq Ft
    • 2164 Allenwood Rd
    • Wall Township, NJ

    This is a COMING SOON Listing and cannot be shown until 9/8....WOW....Such a unique find and a rare opportunity. This custom-built expansive ranch discreetly nestled on 1.23 acres of lush, private land, offers so much! The formal living room flows nicely into the breakfast room which looks out to the patio and lush green, level backyard. There's an open concept kitchen featuring a cooktop range

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Source: Bright MLS

MLS Number: PABK2042088

Bright MLS

APN: 5307-58-64-6561