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548 S 7Th Street Reading, PA $ 599,900
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548 S 7Th Street
$ 599,900
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548 S 7Th Street

Reading, PA, 19602
$ 599,900
Bedrooms5 Baths0.0

Monthly Estimate*

$ 3,788

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Multi-Family Home for sale in Reading, PA

for $599,900 with 5 bedrooms. This home was built in 1920 on a lot size of 0.07.

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!

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Multi-Family Active

Price

$ 599,900

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 2,096

Style

Lot Size

0.07

Year Built

1920

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2077392
Features
General
Living Area 0
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Possession Negotiable
Zoning MIXED RES/COMM
Architectural Style Other
Construction Materials Stucco
School District READING
Year Built 1920
Property Subtype Other
Tax Year 2026
Ownership Fee Simple
Cool Fuel None
Municipality READING CITY
Accessibility None
County BERKS
Operating Expense 15399.00
New Construction N
Property Type Multi-Family
Subdivision Name READING
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From the Penn St Bridge make a right onto S 2nd St. Continue onto Canal St. Make a left onto S 7th St. Building will be on your lift.
City READING
Number Of Units Total 4
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 3049.00
Number of Units Leased 7
Tax Annual Amount 2096.0
Home Warranty Y/N N
Property Condition Average
Two Bedroom 1
Structure Type End of Row/Townhouse
Rent Control Y/N N
Vacation Rental Y/N N
Lease Type Month to Month
Standard Status Active
Year Built Source Estimated
Tax Lot 8849
Total Actual Rent 54660.00
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Interior
Heating Fuel Electric
Basement Unfinished
Hot Water Electric
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Water Source Public
Type of Parking On Street Off Street
Foundation Details Stone
Spa N
Water View Y/N N
Lot Size Acres 0.07
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 13000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 548
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* Excluded Features
List By
Keller Williams Platinum Realty - Wyomissing

Broker

zrivera@teamriverarealtors.com

Email

Affordability Calculator

$3,962
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,788
Monthly Property Taxes
$175
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2183915 Elementary School
2183912 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/2/2026$599,900 Listed Price

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548 S 7Th Street, Reading, PA, 19602 is a Multi-Family Home for sale at $599,900 with a lot size of 0.07. 548 S 7Th Street has 5 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 19602 which is in Reading, PA

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