Excellent investment opportunity! Multi-Family with three residential units. The property features a tenant-occupied 1-bedroom unit currently rented for $800/month, with the tenant paying electric heat, hot water, and electric stove. The rear studio unit is vacant, recently updated, and has a projected rent of approximately $1,100/month. The spacious vacant 2-bedroom second-floor unit offers gas boiler heat and electric hot water. The property includes four separate utility meters, providing ease of management and tenant utility responsibility. Ideal for investors or owner-occupants looking to generate strong rental income. Schedule a showing!
For sale
$325,000
1038 Walnut St, Reading, PA 19601
4beds
1,355sqft
Townhouse
Built in 1900
1,306 Square Feet Lot
$-- Zestimate®
$240/sqft
$-- HOA
What's special
Gas boiler heat
- 3 days |
- 143 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Jorge Diaz 610-507-4933,
Light House Realtors, LLC (484) 273-0056
Source: Bright MLS,MLS#: PABK2073908
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Other
- Has fireplace: No
Interior area
- Total structure area: 1,355
- Total interior livable area: 1,355 sqft
- Finished area above ground: 1,355
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 1,306 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 08531769019278
- Zoning: MULT FAMILY
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Vinyl Siding, Aluminum Siding
- Foundation: Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Reading
HOA
- Has HOA: No
Location
- Region: Reading
- Municipality: READING CITY
Financial & listing details
- Price per square foot: $240/sqft
- Tax assessed value: $29,200
- Annual tax amount: $1,348
- Date on market: 6/19/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,223/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Listed for sale | $325,000+71.1%$240/sqft |
Source:  Bright MLS #PABK2073908 Report a problem | ||
| 1/16/2026 | Sold | $190,000+388.4%$140/sqft |
Source: Public Record Report a problem | ||
| 7/10/2012 | Listing removed | $38,900$29/sqft |
Source: Prudential Landis Homesale Services #5982380 Report a problem | ||
| 6/7/2012 | Price change | $38,900-2.5%$29/sqft |
Source: Prudential Landis Homesale Services #5982380 Report a problem | ||
| 12/15/2011 | Listed for sale | $39,900-24.6%$29/sqft |
Source: Prudential Landis Homesale Services #5982380 Report a problem | ||
| 10/14/2011 | Listing removed | $52,900$39/sqft |
Source: Prudential Landis Homesale Services #5873431 Report a problem | ||
| 9/14/2011 | Price change | $52,900-15.9%$39/sqft |
Source: Prudential Landis Homesale Services #5873431 Report a problem | ||
| 4/21/2011 | Listed for sale | $62,900+319.3%$46/sqft |
Source: Prudential Landis Homesale Services #5873431 Report a problem | ||
| 6/29/2001 | Sold | $15,000$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,316 +1.5% | $29,200 |
| 2024 | $1,297 +1.6% | $29,200 |
| 2023 | $1,277 | $29,200 |
| 2022 | $1,277 | $29,200 |
| 2021 | $1,277 +1% | $29,200 |
| 2020 | $1,264 | $29,200 |
| 2019 | $1,264 | $29,200 |
| 2018 | $1,264 +0.7% | $29,200 |
| 2017 | $1,255 +75% | $29,200 |
| 2016 | $717 +8.7% | $29,200 |
| 2015 | $660 | $29,200 |
| 2014 | -- | $29,200 |
| 2013 | -- | $29,200 |
| 2012 | -- | $29,200 |
| 2011 | -- | $29,200 |
| 2010 | -- | $29,200 |
| 2009 | -- | $29,200 |
| 2008 | -- | $29,200 |
| 2007 | -- | $29,200 |
| 2006 | -- | $29,200 |
| 2005 | -- | $29,200 |
| 2004 | -- | $29,200 |
| 2003 | -- | $29,200 |
| 2002 | -- | $29,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 19601
Nearby schools
GreatSchools rating
- 3/10Tenth & Penn El SchoolGrades: PK-4Distance: 0.2 mi
- 3/10Southern Middle SchoolGrades: 5-8Distance: 0.4 mi
- 1/10Reading Senior High SchoolGrades: 9-12Distance: 0.7 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Pennsylvania
- Berks County
- Reading
- 19601
- 1038 Walnut St
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