This 3-unit property presents a fantastic opportunity for investors seeking immediate income potential and long-term growth. Two of the three units are currently vacant, offering the chance to hand-pick tenants and maximize rental income. One of the vacant units does need a remodel. The other two units are rent-ready and awaiting occupants. This property has undergone a significant upgrade, converting from oil to gas and featuring brand new, high-efficiency boilers. This ensures lower operating costs and increased tenant appeal.
Sold for $285,000
$285,000
550 Douglass St, Reading, PA 19601
5beds
--baths
1,312sqft
Townhouse
Built in 1912
-- sqft lot
$-- Zestimate®
$217/sqft
$1,891 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,891/mo
Zestimate® history
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$1,867/mo
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Zillow last checked:
Listing updated:
Listed by:
Jose Acosta JR. 610-750-0159,
Iron Valley Real Estate of Berks,
Listing Team: The Jose Acosta Team, Co-Listing Team: The Jose Acosta Team,Co-Listing Agent: Jose Ramon Acosta Jr. 610-750-0159,
Iron Valley Real Estate of Berks
Bought with:
Juan Cortes-Carreno, RS335816
BHHS Homesale Realty- Reading Berks
Source: Bright MLS,MLS#: PABK2054036
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Hot Water, Oil
Cooling
- None
Appliances
- Included: Gas Water Heater, Electric Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,312
- Total interior livable area: 1,312 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,306 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 14530759841555
- Zoning: MULTI UNIT
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Reading
- Municipality: READING CITY
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA 203(k)
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2025 | Sold | $285,000$217/sqft |
Source:  Bright MLS #PABK2054036 Report a problem | ||
| 3/2/2025 | Pending sale | $285,000$217/sqft |
Source: Bright MLS #PABK2054036 Report a problem | ||
| 2/26/2025 | Listing removed | $925$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/26/2025 | Listed for sale | $285,000$217/sqft |
Source: Bright MLS #PABK2054036 Report a problem | ||
| 2/9/2025 | Listed for rent | $925$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2025 | Listing removed | $285,000$217/sqft |
Source: Bright MLS #PABK2052104 Report a problem | ||
| 2/5/2025 | Price change | $285,000-5%$217/sqft |
Source: Bright MLS #PABK2052104 Report a problem | ||
| 2/1/2025 | Price change | $299,900-4.8%$229/sqft |
Source: Bright MLS #PABK2052104 Report a problem | ||
| 1/20/2025 | Price change | $315,000-4.5%$240/sqft |
Source: Bright MLS #PABK2052104 Report a problem | ||
| 1/1/2025 | Listed for sale | $330,000+127.6%$252/sqft |
Source: Bright MLS #PABK2052104 Report a problem | ||
| 6/24/2024 | Sold | $145,000+93.3%$111/sqft |
Source: Public Record Report a problem | ||
| 11/13/2012 | Sold | $75,000-6.1%$57/sqft |
Source: Public Record Report a problem | ||
| 9/7/2012 | Listed for sale | $79,900+22.9%$61/sqft |
Source: RE/MAX of Reading #6106437 Report a problem | ||
| 12/15/2010 | Sold | $65,000+20.6%$50/sqft |
Source: Public Record Report a problem | ||
| 7/9/2003 | Sold | $53,900$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,060 +1.5% | $45,700 |
| 2024 | $2,029 +1.6% | $45,700 |
| 2023 | $1,998 | $45,700 |
| 2022 | $1,998 | $45,700 |
| 2021 | $1,998 +1% | $45,700 |
| 2020 | $1,978 | $45,700 |
| 2019 | $1,978 | $45,700 |
| 2018 | $1,978 +0.7% | $45,700 |
| 2017 | $1,965 +75% | $45,700 |
| 2016 | $1,122 +8.7% | $45,700 |
| 2015 | $1,033 | $45,700 |
| 2014 | -- | $45,700 |
| 2013 | -- | $45,700 |
| 2011 | -- | $45,700 |
| 2010 | -- | $45,700 |
| 2009 | -- | $45,700 |
| 2008 | -- | $45,700 |
| 2007 | -- | $45,700 |
| 2006 | -- | $45,700 |
| 2005 | -- | $45,700 |
| 2004 | -- | $45,700 |
| 2003 | -- | $45,700 |
| 2002 | -- | $45,700 |
Find assessor info on the county website
Neighborhood: 19601
Nearby schools
GreatSchools rating
- 2/10Riverside El SchoolGrades: PK-4Distance: 0.8 mi
- 3/10Central Middle SchoolGrades: 5-8Distance: 0.9 mi
- 1/10Reading Senior High SchoolGrades: 9-12Distance: 0.8 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
- 550 Douglass St
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