Highest and Best offers are due by Sat 12/7/24 at 11:00 AM. Unlock the potential of this versatile income-generating property! This package includes 8 residential units and a large garage, strategically located on the sought-after top block of Penn St, just steps from City Park. The property offers easy access to all urban conveniences, making it highly attractive for tenants. Built in 1890 and nestled within the historic Penns Common District, this property boasts a unique combination of historic charm and future growth potential. The offering includes: Main Building: 6 well-designed apartments showcasing original wood detailing. Additional Assets: 2 standalone homes and a large garage on Court St, offering flexible revenue streams. Prime Lot: A spacious parcel that spans the length of a full city block, connecting the buildings and providing outdoor potential. Currently, 5 of the 8 units are occupied by long-term tenants, ensuring immediate rental income while leaving room for value-add opportunities. With its blend of historic character and untapped potential, this property is ideal for the savvy investor looking to enhance portfolio performance.
Sold for $576,000
$576,000
1031 Penn St, Reading, PA 19601
13beds
8baths
6,000sqft
Multi Family
Built in 1890
-- sqft lot
$615,200 Zestimate®
$96/sqft
$1,253 Estimated rent
Home value
$615,200
$560,000 - $671,000
$1,253/mo
Zestimate® history
Owner options
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$1,253/mo
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$1,253/mo
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$3,769/mo
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$3,769/mo
Est. payment
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List your homeWhat's special
Spacious parcelWell-designed apartmentsSought-after top blockFull city block
Zillow last checked:
Listing updated:
Listed by:
Cole Golden 610-914-4581,
RE/MAX Of Reading
Bought with:
Rebecca Quell, RS356625
Keller Williams Platinum Realty - Wyomissing
Source: Bright MLS,MLS#: PABK2051270
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 8
Basement
- Area: 0
Heating
- Hot Water, Radiator, Oil
Cooling
- None
Appliances
- Included: Refrigerator, Oven/Range - Gas, Electric Water Heater
Features
- Built-in Features, Ceiling Fan(s), Entry Level Bedroom
- Flooring: Carpet, Hardwood, Vinyl, Tile/Brick
- Has fireplace: No
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Sidewalks, Street Lights
- Pool features: None
- Has view: Yes
- View description: Street
Lot
- Size: 7,840 sqft
- Features: Level, Rear Yard, Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 08531777008378
- Zoning: R3
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Stone, Brick/Mortar
- Roof: Flat,Rubber
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire Escape
Location
- Region: Reading
- Municipality: READING CITY
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals, Other
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/14/2025 | Sold | $576,000+4.7%$96/sqft |
Source:  Bright MLS #PABK2051270 Report a problem | ||
| 12/11/2024 | Pending sale | $550,000$92/sqft |
Source: Bright MLS #PABK2051270 Report a problem | ||
| 12/7/2024 | Listing removed | $550,000$92/sqft |
Source: Bright MLS #PABK2051270 Report a problem | ||
| 11/19/2024 | Listed for sale | $550,000$92/sqft |
Source: Bright MLS #PABK2051270 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 19601
Nearby schools
GreatSchools rating
- 3/10Tenth & Penn El SchoolGrades: PK-4Distance: 0.1 mi
- 3/10Southern Middle SchoolGrades: 5-8Distance: 0.2 mi
- 1/10Reading Senior High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Reading
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$615,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$615,200
- Pennsylvania
- Berks County
- Reading
- 19601
- 1031 Penn St
Nearby cities
Nearby neighborhoods
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Other Reading Topics
