Investor Special! Welcome to 1500 Centre Ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don’t miss your chance to add this strong performer to your portfolio. Schedule your private tour today!
Sold for $455,000
$455,000
1500 Centre Ave, Reading, PA 19601
3beds
5baths
3,030sqft
Townhouse
Built in 1915
-- sqft lot
$-- Zestimate®
$150/sqft
$2,061 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,061/mo
Zestimate® history
Owner options
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$2,061/mo
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$2,061/mo
Rent Zestimate®
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$2,975/mo
Est. payment
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$2,975/mo
Est. payment
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List your homeWhat's special
Curb appealExterior improvements
Zillow last checked:
Listing updated:
Listed by:
Shawn Krause 610-207-6650,
KW Empower,
Listing Team: The Toll Group
Bought with:
Felix Munoz, RS321614
Century 21 Gold
Source: Bright MLS,MLS#: PABK2057698
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Basement: Unfinished,Garage Access,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 3,030
- Total interior livable area: 3,030 sqft
Property
Parking
- Total spaces: 2
- Parking features: Storage, Covered, Attached, Alley Access, On Street
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Bi-Level
- Exterior features: Lighting, Sidewalks, Street Lights, Rain Gutters
- Pool features: None
Lot
- Size: 1,742 sqft
- Features: Corner Lot, Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 15530733680416
- Zoning: R-3
- Zoning description: R-3 Residential Zoning District and has zoning approval for four (4) dwelling units
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1915
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
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2025 | Sold | $455,000+1.1%$150/sqft |
Source:  Bright MLS #PABK2057698 Report a problem | ||
| 7/18/2025 | Pending sale | $450,000$149/sqft |
Source: Bright MLS #PABK2057698 Report a problem | ||
| 6/12/2025 | Contingent | $450,000$149/sqft |
Source: Bright MLS #PABK2057698 Report a problem | ||
| 5/23/2025 | Listed for sale | $450,000+87.5%$149/sqft |
Source: Bright MLS #PABK2057698 Report a problem | ||
| 5/17/2023 | Sold | $240,000+312.4%$79/sqft |
Source: Public Record Report a problem | ||
| 11/28/2012 | Sold | $58,200-16.7%$19/sqft |
Source: Public Record Report a problem | ||
| 8/24/2012 | Listing removed | $69,900$23/sqft |
Source: Homepath #6081932 Report a problem | ||
| 8/14/2012 | Price change | $69,900-6.7%$23/sqft |
Source: Homepath #6081932 Report a problem | ||
| 7/13/2012 | Price change | $74,900-31.8%$25/sqft |
Source: Homepath #6081932 Report a problem | ||
| 7/8/2012 | Listed for sale | -- |
Source: Homepath #6081932 Report a problem | ||
| 8/6/2011 | Listing removed | $109,900$36/sqft |
Source: Keller Williams Realty Group #5848494 Report a problem | ||
| 3/7/2011 | Listed for sale | $109,900-8.3%$36/sqft |
Source: Keller Williams Realty Group #5848494 Report a problem | ||
| 11/15/2010 | Listing removed | $119,900$40/sqft |
Source: Keller Williams Realty Group #5717943 Report a problem | ||
| 6/13/2010 | Price change | $119,900+0.8%$40/sqft |
Source: Keller Williams Realty Group #5717943 Report a problem | ||
| 6/9/2010 | Price change | $119,000-4.7%$39/sqft |
Source: Keller Williams Realty Group Exeter Office Report a problem | ||
| 5/1/2010 | Price change | $124,900-10.7%$41/sqft |
Source: Keller Williams Realty Group #5611729 Report a problem | ||
| 4/2/2010 | Price change | $139,900-3.5%$46/sqft |
Source: Keller Williams Realty Group #5611729 Report a problem | ||
| 8/7/2009 | Price change | $144,900-2.8%$48/sqft |
Source: Prudential Real Estate #5472845 Report a problem | ||
| 6/6/2009 | Price change | $149,000-3.8%$49/sqft |
Source: Prudential Real Estate #5472845 Report a problem | ||
| 5/23/2009 | Price change | $154,900-4.3%$51/sqft |
Source: Prudential Real Estate #5472845 Report a problem | ||
| 2/18/2009 | Price change | $161,900-4.7%$53/sqft |
Source: Prudential Real Estate #5472845 Report a problem | ||
| 1/27/2009 | Listed for sale | $169,900+14%$56/sqft |
Source: Prudential Real Estate #5472845 Report a problem | ||
| 10/3/2008 | Listing removed | $149,000$49/sqft |
Source: Postlets #5236103 Report a problem | ||
| 5/28/2008 | Price change | $149,000-12.3%$49/sqft |
Source: Postlets #5236103 Report a problem | ||
| 2/1/2008 | Listed for sale | $169,900+10.3%$56/sqft |
Source: NCI #5450RB Report a problem | ||
| 6/27/2007 | Sold | $154,000+46.7%$51/sqft |
Source: Public Record Report a problem | ||
| 6/30/2005 | Sold | $105,000$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,452 +1.5% | $54,400 |
| 2024 | $2,416 +1.6% | $54,400 |
| 2023 | $2,378 | $54,400 |
| 2022 | $2,378 | $54,400 |
| 2021 | $2,378 +1% | $54,400 |
| 2020 | $2,354 | $54,400 |
| 2019 | $2,354 | $54,400 |
| 2018 | $2,354 +0.7% | $54,400 |
| 2017 | $2,339 +75% | $54,400 |
| 2016 | $1,336 +8.7% | $54,400 |
| 2015 | $1,229 | $54,400 |
| 2014 | -- | $54,400 |
| 2013 | -- | $54,400 |
| 2012 | -- | $54,400 |
| 2011 | -- | $54,400 |
| 2010 | -- | $54,400 |
| 2009 | -- | $54,400 |
| 2008 | -- | $54,400 |
| 2007 | -- | $54,400 |
| 2006 | -- | $54,400 |
| 2005 | -- | $54,400 |
| 2004 | -- | $54,400 |
| 2003 | -- | $54,400 |
| 2002 | -- | $54,400 |
| 2000 | -- | $54,400 |
Find assessor info on the county website
Neighborhood: 19601
Nearby schools
GreatSchools rating
- 2/10Riverside El SchoolGrades: PK-4Distance: 0.1 mi
- 3/10Northwest Middle SchoolGrades: 5-8Distance: 0.5 mi
- 1/10Reading Senior High SchoolGrades: 9-12Distance: 1.4 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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- Pennsylvania
- Berks County
- Reading
- 19601
- 1500 Centre Ave
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