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Off market
  • Tax assessed value
    $35,000

    1388 Perkiomen Ave, Reading, PA 19602

    --beds
    0baths
    2,425sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $14/sqft
    $1,061 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,061/mo

    Zestimate® history
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    Owner options

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    $1,061/mo

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    $1,061/mo

    Rent Zestimate®

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    $252/mo

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    $252/mo

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    What's special

    Fully occupied 2 unit that makes great money. Cap rate of 15%. The first floor 2 bdrm pays 690 a month plus electric and gas hot water. The second floor 3 bdrm pays 850 a month plus electric and gas hot water. Heat source is electric. With low taxes, and including all expenses you will clear over 13,000 a year. Both units are section 8 approved. Both tenants are on a yearly lease. This building would be a smart purchase to add to, or to start your own investment portfolio. Schedule your showing to see this wonderful opportunity.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Other, Other
    Cooling
    • None
    Appliances
    • Included: Refrigerator
    Features
    • Basement: Y
    Interior area
    • Total interior livable area: 2,425 sqft

    Property

    Parking
    • Parking features: On-street
    Features
    • Exterior features: Stone, Brick
    Lot
    • Size: 4,356 sqft
    Details
    • Parcel number: 16531631287420
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    Condition
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: Reading

    Other

    Other facts
    • Heating: Other
    • HeatingYN: true
    • NumberOfUnitsTotal: 2
    • ConstructionMaterials: Stone, Brick
    • NumberOfUnitsInCommunity: 2
    • ArchitecturalStyle: Traditional
    • SpecialListingConditions: Standard
    • ParkingFeatures: On Street
    • StructureType: Row/Townhouse
    • Basement: Y
    • MlsStatus: Active

    Price history

    DateEventPrice
    11/18/2022Sold$150,000-6.3%$62/sqft
    Source: Bright MLS #PABK2021656 Report a problem
    10/20/2022Pending sale$160,000$66/sqft
    Source: Bright MLS #PABK2021656 Report a problem
    10/11/2022Price change$160,000-5.9%$66/sqft
    Source: Bright MLS #PABK2021656 Report a problem
    9/27/2022Price change$170,000-8.1%$70/sqft
    Source: Bright MLS #PABK2021656 Report a problem
    9/19/2022Listed for sale$185,000+97.9%$76/sqft
    Source: Bright MLS #PABK2021656 Report a problem
    4/9/2020Sold$93,500-2.5%$39/sqft
    Source: Public Record Report a problem
    3/18/2020Pending sale$95,900$40/sqft
    Source: BHHS Homesale Realty- Reading Berks #PABK355284 Report a problem
    3/4/2020Listed for sale$95,900+139.8%$40/sqft
    Source: BHHS Homesale Realty- Reading Berks #PABK355284 Report a problem
    9/28/2019Listing removed$850
    Source: Go Section8 Report a problem
    8/8/2019Listed for rent$850
    Source: Go Section8 Report a problem
    6/29/2010Sold$40,000-42.8%$16/sqft
    Source: Public Record Report a problem
    7/22/2009Listing removed$69,900$29/sqft
    Source: Paul Ernst #wp6493 Report a problem
    7/12/2009Listed for sale$69,900+16.5%$29/sqft
    Source: Paul Ernst #wp6493 Report a problem
    9/21/2005Sold$60,000+150%$25/sqft
    Source: Public Record Report a problem
    9/27/2002Sold$24,000+1746.2%$10/sqft
    Source: Public Record Report a problem
    7/12/2001Sold$1,300$1/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,578 +1.5%$35,000
    2024$1,554 +1.6%$35,000
    2023$1,530 $35,000
    2022$1,530 $35,000
    2021$1,530 +1%$35,000
    2020$1,515 +141.4%$35,000
    2019$628 $35,000
    2018$628 -58.3%$35,000
    2017$1,505 +139.8%$35,000
    2016$628 -20.7%$35,000
    2015$791 $35,000
    2014-- $35,000
    2013-- $35,000
    2012-- $35,000
    2011-- $35,000 -32.8%
    2010-- $52,100
    2009-- $52,100
    2008-- $52,100
    2007-- $52,100
    2006-- $52,100
    2005-- $52,100
    2004-- $52,100
    2003-- $52,100
    2002-- $52,100

    Find assessor info on the county website

    Neighborhood: 19602

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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.