Great cash flow producing investment 2 unit end of row near City Park in very good condition. Unit 1 - 1st floor has 3 rooms, 1 BR, living, kitchen and bath. All electric unit with baseboard heat all tenant paid. 1 Year tenant at $500 per month. Unit 2 is an efficiency unit, 2 rooms, kitchen, BR and bath. All electric with baseboard heat all tenant paid. Unit is vacant but previously rented for $500 per month. Replacement windows. Shingle roof. Breaker panels. Fenced yard. Both units are very clean and good condition. Tenants currently split the water bill. Nearly 10k in net income a year! 25% CAP RATE!! Solid Investment property at a super affordable price! A must for your investment protfolio!
Sold for $125,000
$125,000
1040 Walnut St, Reading, PA 19601
0beds
0baths
944sqft
SingleFamily
Built in 1900
871.2 Acres Lot
$158,300 Zestimate®
$132/sqft
$1,365 Estimated rent
Home value
$158,300
$133,000 - $182,000
$1,365/mo
Zestimate® history
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$883/mo
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 944 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 871.2 Acres
Details
- Parcel number: 08531769019298
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Converted Dwelling
Materials
- steel
Condition
- Year built: 1900
Community & HOA
Location
- Region: Reading
Financial & listing details
- Price per square foot: $132/sqft
- Tax assessed value: $26,300
- Annual tax amount: $1,185
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Sold | $125,000+284.6%$132/sqft |
Source: Public Record Report a problem | ||
| 4/16/2018 | Sold | $32,500-18.8%$34/sqft |
Source: Public Record Report a problem | ||
| 2/15/2018 | Listed for sale | $40,000+53.8%$42/sqft |
Source: Re/Max Of Reading #1000158226 Report a problem | ||
| 7/26/2012 | Sold | $26,000-3.3%$28/sqft |
Source: Public Record Report a problem | ||
| 6/7/2012 | Price change | $26,900-3.6%$28/sqft |
Source: Prudential Landis Homesale Services #5982373 Report a problem | ||
| 3/22/2012 | Price change | $27,900-3.5%$30/sqft |
Source: Prudential Landis Homesale Services #5982373 Report a problem | ||
| 12/15/2011 | Listed for sale | $28,900-40.9%$31/sqft |
Source: Prudential Landis Homesale Services #5982373 Report a problem | ||
| 10/14/2011 | Listing removed | $48,900$52/sqft |
Source: Prudential Landis Homesale Services #5873623 Report a problem | ||
| 9/14/2011 | Price change | $48,900-17%$52/sqft |
Source: Prudential Landis Homesale Services #5873623 Report a problem | ||
| 7/16/2011 | Price change | $58,900+96.3%$62/sqft |
Source: Prudential Landis Homesale Services #5873623 Report a problem | ||
| 7/14/2011 | Price change | $29,999-49.1%$32/sqft |
Source: Prudential Landis Homesale Services Report a problem | ||
| 4/22/2011 | Price change | $58,900+96.3%$62/sqft |
Source: Prudential Landis Homesale Services #5873623 Report a problem | ||
| 12/17/2010 | Listed for sale | $29,999+650%$32/sqft |
Source: Prudential Landis Homesale Services Report a problem | ||
| 10/24/2001 | Sold | $4,000$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,185 +1.5% | $26,300 |
| 2024 | $1,168 +1.6% | $26,300 |
| 2023 | $1,150 | $26,300 |
| 2022 | $1,150 | $26,300 |
| 2021 | $1,150 +1% | $26,300 |
| 2020 | $1,138 | $26,300 |
| 2019 | $1,138 | $26,300 |
| 2018 | $1,138 +0.7% | $26,300 |
| 2017 | $1,131 +75% | $26,300 |
| 2016 | $646 +8.7% | $26,300 |
| 2015 | $594 | $26,300 |
| 2014 | -- | $26,300 |
| 2013 | -- | $26,300 |
| 2012 | -- | $26,300 |
| 2011 | -- | $26,300 |
| 2010 | -- | $26,300 |
| 2009 | -- | $26,300 |
| 2008 | -- | $26,300 |
| 2007 | -- | $26,300 |
| 2006 | -- | $26,300 |
| 2005 | -- | $26,300 |
| 2004 | -- | $26,300 |
| 2003 | -- | $26,300 |
| 2002 | -- | $26,300 |
Find assessor info on the county website
Neighborhood: 19601
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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
- High: Reading Senior
- District: Reading
Source: The 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
$158,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$158,300
- Pennsylvania
- Berks County
- Reading
- 19601
- 1040 Walnut St
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