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Off market
  • $272,200

    1627 Perkiomen Ave, Reading, PA 19602

    6beds
    0baths
    3,707sqft
    Quadruplex
    Built in 1923
    -- sqft lot
    $272,200 Zestimate®
    $73/sqft
    $1,435 Estimated rent

    Home value

    $272,200

    $245,000 - $299,000

    $1,435/mo

    Zestimate® history
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    Owner options

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    $1,435/mo

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    $1,435/mo

    Rent Zestimate®

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    $1,780/mo

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    $1,780/mo

    Est. payment

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    What's special

    Grand Victorian stone & brick end of row 4 unit fully rented and producing excellent cash flow! The building has many recent updates and is in very good overall condition. Unit 1 is a 2 story apt, 1st & 2nd floor front, has 4 rms, 2BRS, ornamental brick fireplace in the living room, hardwood floors, wall mounted gas heater, electric baseboard heat, electric range/oven, beautiful natural woodwork and stained glass windows, tiled bath, some replacement windows, rented for $725/month by one of the cleanest tenants you will ever find. Unit 2, 1st flr rear, 3 rooms, 1 BR, gas heater in the living area, electric baseboard heat, electric range/oven, hardwood floor in the BR, ceramic tiled kitchen, some replacement windows, rented for $550/month. Unit 3, 2nd flr rear, 3 rooms, 1BR, electric baseboard heat, elec. range/oven, some replacement windows, rented for $625/month, Unit 4, 3rd flr, 4 rooms, 2 BRS, rented for $675/month. Tenants pay for the electric heat, gas heat, electric hot water. Owner pays for water/sewer/trash/recycling. Large storage room at the rear of the property is used to store the trash cans. 4 electric water heaters in the basement. 200 AMP service main. Old oil heater in the basement is not in use. Solid building top to bottom. Fantastic money maker! Cap Rate 16%. Add this great building to your investment portfolio today.

    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
    • Bedrooms: 6
    • Bathrooms: 0
    Heating
    • Baseboard, Electric, Gas
    Cooling
    • Wall
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 3,707 sqft

    Property

    Features
    • Exterior features: Brick
    Lot
    • Size: 1,742 sqft
    Details
    • Parcel number: 16531632481274

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Converted Dwelling
    • Property subtype: Quadruplex
    Materials
    • masonry
    Condition
    • Year built: 1923

    Community & neighborhood

    Location
    • Region: Reading

    Other

    Other facts
    • Heating YN: Y
    • Ownership Interest: Fee Simple
    • Property Type: Multi-Family
    • Construction Materials: Brick, Stone
    • Heating Type: Zoned
    • Single Room Units Count: 0
    • Two Bedroom Units Count: 2
    • One Bedroom Units Count: 2
    • Three Bedroom Units Count: 0
    • Architectural Style: Converted Dwelling
    • Property Sub Type: Quadruplex
    • Tax Lot: 1274
    • Tax Annual Amount: 3133.0
    • Standard Status: Active
    • Pool: No Pool
    • Total SQFT Source: Estimated
    • Structure Type: Row/Townhouse

    Price history

    DateEventPrice
    3/20/2019Sold$145,000-3.3%$39/sqft
    Source: Public Record Report a problem
    3/19/2019Listed for sale$149,900$40/sqft
    Source: RE/MAX of Reading #PABK154564 Report a problem
    1/22/2019Pending sale$149,900$40/sqft
    Source: RE/MAX OF READING #PABK154564 Report a problem
    11/29/2018Listed for sale$149,900+218.3%$40/sqft
    Source: RE/MAX Of Reading #PABK154564 Report a problem
    7/7/2017Sold$47,100+12.1%$13/sqft
    Source: Public Record Report a problem
    5/15/2017Listed for sale$42,000+180%$11/sqft
    Source: Allison James Estates & Homes #6983331 Report a problem
    10/9/2013Sold$15,000-87.5%$4/sqft
    Source: Public Record Report a problem
    1/3/2011Listing removed$119,900$32/sqft
    Source: Keller Williams Realty Group #5748810 Report a problem
    8/5/2010Listed for sale$119,900+34.7%$32/sqft
    Source: Keller Williams Realty Group #5748810 Report a problem
    5/13/2005Sold$89,000+30.9%$24/sqft
    Source: Public Record Report a problem
    11/6/2002Sold$68,000$18/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,263 +1.5%$72,400
    2024$3,215 +1.6%$72,400
    2023$3,165 $72,400
    2022$3,165 $72,400
    2021$3,165 +1%$72,400
    2020$3,133 $72,400
    2019$3,133 $72,400
    2018$3,133 -16.7%$72,400 -17.3%
    2017$3,762 +75%$87,500
    2016$2,149 +8.7%$87,500
    2015$1,977 $87,500
    2014-- $87,500
    2013-- $87,500
    2012-- $87,500
    2011-- $87,500
    2010-- $87,500
    2009-- $87,500
    2008-- $87,500
    2007-- $87,500
    2006-- $87,500
    2005-- $87,500
    2004-- $87,500
    2003-- $87,500
    2002-- $87,500

    Find assessor info on the county website

    Neighborhood: 19602

    Nearby schools

    GreatSchools rating
    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
    $272,200
    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
    $272,200