This property offers a solid foundation for generating rental income. It generates rental income from 4 apartments and 7 individually rented rooms. Three of the apartments are one-bedrooms and the other is a 2-bedroom. Projected annual revenue at 100% occupancy $78,060. The average condition of the property presents a canvas for value-add renovations, allowing savvy investors to enhance its appeal and increase rental rates. The unfinished basement provides additional potential for storage or future development, while the single off-street parking option provides added convenience for tenants. Located in a vibrant neighborhood, this property benefits from proximity to local amenities and transportation options, making it attractive to a wide range of potential tenants. Investors will appreciate the potential for cash flow, as the property can be rented out to multiple tenants, diversifying income streams. Don't miss out on the chance to capitalize on this promising investment in Reading!
For sale
$599,900
548 S 7th St, Reading, PA 19602
5beds
4baths
--sqft
Townhouse
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Unfinished basementSingle off-street parking option
- 21 days
- 145
- 3
Zillow last checked:
Listing updated:
Listed by:
Zylkia Rivera 484-769-5873,
Keller Williams Platinum Realty - Wyomissing 6108981441,
Listing Team: The Zylkia Rivera Team
Source: Bright MLS,MLS#: PABK2077392
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 1
- Parking features: On Street, Off Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,049 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 02530644868849
- Zoning: MIXED RES/COMM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Stucco
- Foundation: Stone
Condition
- Average
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Reading
Location
- Region: Reading
- Municipality: READING CITY
Financial & listing details
- Tax assessed value: $45,400
- Annual tax amount: $2,096
- Date on market: 9/1/2026
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
- Total actual rent: 54660
- Income includes: Apartment Rentals
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Listed for sale | $599,900 |
Source:  Bright MLS #PABK2077392 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 19602
Nearby schools
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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