PRICE REDUCED to $269,900
This multi family 2 unit property has been managed & rented by the owner for the past 47 years. The first floor includes a bedroom, living room, large country kitchen, laundry room and bathroom. There is a large rear room that has the potential to be either a large bedroom or living room when finished remodeling.
The second & 3rd floor includes a large dormered bedroom on 3rd floor. A bedroom, living room, large country kitchen, full bathroom & nice porch area off the kitchen that leads to small deck area. There are two entrances to 2nd floor apartment & 3 entrance’s to first floor apartment.
The lot is approximately a 1/4 acre & has a nice yard area & fire pit.
The property generates descent rental income with room for rental increases. The property is perfect for a first time home buyer, with help on mortgage from rental income. Live in 1 unit & rent the other. It’s a great buy for an investor with lots of upside.
Sold for $200,000
$200,000
981 Gravel Pike, Palm, PA 18070
4beds
2,120sqft
MultiFamily
Built in 1920
-- sqft lot
$207,500 Zestimate®
$94/sqft
$1,291 Estimated rent
Home value
$207,500
$193,000 - $224,000
$1,291/mo
Zestimate® history
Owner options
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$1,291/mo
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$1,291/mo
Rent Zestimate®
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$1,427/mo
Est. payment
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$1,427/mo
Est. payment
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List your homeWhat's special
Fire pitLarge rear roomNice yard areaSmall deck areaNice porch areaLaundry roomDormered bedroom
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Other, Oil, Other
Cooling
- Other
Appliances
- Included: Range / Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Laminate
- Basement: Unfinished
Interior area
- Total interior livable area: 2,120 sqft
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Other, Vinyl
Lot
- Size: 0.25 Acres
Details
- Parcel number: 52641001392217
Construction
Type & style
- Home type: MultiFamily
Materials
- steel
- Roof: Asphalt
Condition
- Year built: 1920
Community & HOA
Location
- Region: Palm
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $99,000
- Annual tax amount: $3,893
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Sold | $200,000-25.9%$94/sqft |
Source: Public Record Report a problem | ||
| 10/6/2025 | Price change | $269,900-3.6%$127/sqft |
Source: Owner Report a problem | ||
| 9/22/2025 | Listed for sale | $279,900+0%$132/sqft |
Source: Owner Report a problem | ||
| 9/2/2024 | Listing removed | $279,889$132/sqft |
Source: | ||
| 8/26/2024 | Price change | $279,8890%$132/sqft |
Source: | ||
| 8/19/2024 | Price change | $279,8900%$132/sqft |
Source: | ||
| 8/12/2024 | Price change | $279,8910%$132/sqft |
Source: | ||
| 7/29/2024 | Price change | $279,8920%$132/sqft |
Source: | ||
| 7/23/2024 | Price change | $279,8930%$132/sqft |
Source: | ||
| 7/15/2024 | Price change | $279,8940%$132/sqft |
Source: | ||
| 7/8/2024 | Price change | $279,8950%$132/sqft |
Source: | ||
| 7/1/2024 | Price change | $279,8960%$132/sqft |
Source: | ||
| 6/24/2024 | Price change | $279,8970%$132/sqft |
Source: | ||
| 6/17/2024 | Price change | $279,8980%$132/sqft |
Source: | ||
| 6/10/2024 | Price change | $279,8990%$132/sqft |
Source: | ||
| 6/5/2024 | Price change | $279,900-3.4%$132/sqft |
Source: | ||
| 6/3/2024 | Price change | $289,8710%$137/sqft |
Source: | ||
| 5/28/2024 | Price change | $289,8720%$137/sqft |
Source: | ||
| 5/20/2024 | Price change | $289,8730%$137/sqft |
Source: | ||
| 5/13/2024 | Price change | $289,8740%$137/sqft |
Source: | ||
| 5/6/2024 | Price change | $289,8750%$137/sqft |
Source: | ||
| 4/29/2024 | Price change | $289,8760%$137/sqft |
Source: | ||
| 4/22/2024 | Price change | $289,8770%$137/sqft |
Source: | ||
| 4/9/2024 | Price change | $289,8780%$137/sqft |
Source: | ||
| 4/1/2024 | Listed for sale | $289,879$137/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,893 +299.4% | $99,000 |
| 2024 | $975 +7.5% | $99,000 |
| 2023 | $907 | $99,000 |
| 2022 | $907 +3.4% | $99,000 |
| 2021 | $877 | $99,000 |
| 2020 | $877 | $99,000 |
| 2019 | $877 | $99,000 |
| 2018 | $877 +3.3% | $99,000 |
| 2017 | $849 +2% | $99,000 |
| 2016 | $832 +2.9% | $99,000 |
| 2015 | $808 | $99,000 |
| 2014 | -- | $99,000 |
| 2013 | -- | $99,000 |
| 2012 | -- | $99,000 |
| 2011 | -- | $99,000 |
| 2010 | -- | $99,000 |
| 2009 | -- | $99,000 |
| 2008 | -- | $99,000 |
| 2007 | -- | $99,000 |
| 2006 | -- | $99,000 |
| 2005 | -- | $99,000 |
| 2004 | -- | $99,000 |
| 2003 | -- | $99,000 |
| 2002 | -- | $99,000 |
Find assessor info on the county website
Neighborhood: 18070
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Nearby schools
GreatSchools rating
- 6/10Hereford El SchoolGrades: K-3Distance: 0.2 mi
- 9/10Upper Perkiomen Middle SchoolGrades: 6-8Distance: 4.4 mi
- 7/10Upper Perkiomen High SchoolGrades: 9-12Distance: 4.8 mi
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Estimated market value
$207,500
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
$207,500
- Pennsylvania
- Berks County
- Palm
- 18070
- 981 Gravel Pike