1049 Penn Street Reading, PA $ 950,000
1049 Penn Street
$ 950,000
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1049 Penn Street

Reading, PA, 19601
$ 950,000
Bedrooms7 Baths0.0

Monthly Estimate*

$ 5,849

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Multi-Family Home for sale in Reading, PA

for $950,000 with 7 bedrooms. This home was built in 1900 on a lot size of 0.06.

Prime multi-unit property with high-visibility and corner Location facing City Park. An exceptional opportunity to own a 4-unit mixed-use property in a prime, high-traffic location. This impressive building features one spacious unit per floor, including 1 ground-floor commercial space and 3 large residential apartments, each offering unique charm and character. It features a premium location situated on a high-visibility corner directly across from a park, offering scenic park and city views. Excellent accessibility with easy access to public transportation and foot traffic, ideal for both residential and commercial use. The units are well-maintained with high ceilings, hardwood floors, and abundant natural light. The architectural character amazes with beautiful original architectural features and rear sun porches add elegance and light to each apartment. The long-term commercial tenant, ensures stable income. A versatility for investors seeking strong rental income or owner-occupants looking to live and invest in a vibrant area. This is a rare chance to acquire a corner detached property with high curb appeal and excellent growth potential. Don't miss out on this standout asset in a sought-after neighborhood.

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Multi-Family Active

Price

$ 950,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 4,552

Style

Traditional

Lot Size

0.06

Year Built

1900

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2061466

Features
General
Living Area 6500
Sewer Public Sewer
Heating Hot Water
Cooling None
Possession Settlement
Zoning MIX USE R-3
Architectural Style Traditional
Construction Materials Brick Stone
School District READING
Exclusions Restaurant equipment owned by the tenant except for the hood/ventilator of stoves.
Year Built 1900
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality READING CITY
Accessibility None
County BERKS
Net Operating Income 60955.00
Operating Expense 17045.00
Insurance Expense 3000.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From 422 take Penn St Exit for Reading the Follow Penn Street to 11st Property on Left Corner of 11st & Penn St.
City READING
Number Of Units Total 4
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 2613.00
Number of Units Leased 3
Tax Annual Amount 4552.0
Property Condition Average
Two Bedroom 2
Structure Type Detached
Price Per Sq Ft Total AG 146.15
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Lease Type Long Term Month to Month Yearly
Standard Status Active
Year Built Source Estimated
Tax Lot 0269
Total Actual Rent 78000.00
Cap Rate 6.42
Association Recreation Fee N
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Interior
Heating Fuel Natural Gas
Basement Partially Finished
Flooring Hardwood Ceramic Tile
Hot Water Natural Gas
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
Inclusions 3 stoves 3 refrigerators in apartments.
Type of Parking None
Foundation Details Stone
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.06
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 27300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1049
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* Excluded Features
List By
Keller Williams Platinum Realty - Wyomissing

Broker

zrivera@teamriverarealtors.com

Email

Affordability Calculator

$6,229
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,849
Monthly Property Taxes
$379
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
8/15/2025$950,000 Listed Price

Map


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1049 Penn Street, Reading, PA, 19601 is a Multi-Family Home for sale at $950,000 with a lot size of 0.06. 1049 Penn Street has 7 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 19601 which is in Reading, PA