1220 Perkiomen Avenue Reading, PA ^$ 1,150,000

1220 Perkiomen Avenue

^$ 1,150,000

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1220 Perkiomen Avenue

Reading, PA, 19602

^$ 1,150,000

Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

^$ 7,261

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Commercial Property for sale in Reading, PA

for $1,150,000. This 5,000 square foot building was built in 1920 on a lot size of 0.27.

Exceptional opportunity to own an 11-unit multifamily investment property in Reading. This income-producing asset offers approximately 5,000 SF of living space with a strong rental history and consistent occupancy. Conveniently located near shopping, dining, schools, public transportation, and major roadways. Public water and sewer. A great addition to any investment portfolio with strong cash-flow potential. 11-unit multifamily investment property Approximately 5,000 SF of living space Strong rental history and consistent occupancy Income-producing asset with cash-flow potential Public water and sewer Convenient access to shopping, dining, schools, and public transportation Easy access to major roadways and downtown Reading Excellent addition to any investment portfolio

Commercial Active

Price

^$ 1,150,000

Property Type

Commercial

Taxes

^$ 15,094

Style

Apartment Building

Lot Size

0.27

Year Built

1920

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2074090

Features

Interior

Heating Fuel Natural Gas

Flooring Carpet Hardwood

Hot Water Natural Gas

Heating Y/N Y

Central Air Y/N N

General

Sewer Public Sewer

Heating Radiator

Cooling None

Possession Subject to Existing Lease

Roof Rubber

Zoning COMMERCIAL RESIDENTIAL

Construction Materials Brick

Year Built 1920

View City Street

Property Subtype Five Or More Units

Tax Year 2025

Ownership Fee Simple

Cool Fuel None

Municipality READING CITY

Gross Income 110773.00

Business Type Apartment Building

Accessibility 2+ Access Exits

County BERKS

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status ACTIVE

Directions From downtown Reading take Penn Street east and continue onto Perkiomen Avenue (US-422 Business). Proceed past South 11th Street and Franklin Street.

City READING

Number Of Units Total 11

MLS Area Reading City (10201)

Lot Size Units Square Feet

Lot Size Square Feet 11761.00

Tax Annual Amount 15094.0

Price Per Sq Ft Total AG 135.87

Acceptable Financing Conventional

Vacation Rental Y/N N

Standard Status Active

Year Built Source Estimated

Tax Lot 8404

Total Actual Rent 110773.00

Association Recreation Fee N

Exterior

Lot Features Corner Road Frontage

Water Source Public

Inclusions Refrigerator Range/Oven Dishwasher Microwave Washer and Dryer

Type of Parking On Street

Foundation Details Other

Water View Y/N N

Building Area Total 8464.00

Lot Dimensions 0.00 x 0.00

Lot Size Acres 0.27

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 52200.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 1220

* Excluded Features

List By

Bold Realty

Broker

trent@boldpa.com

Affordability Calculator

$8,519

Per Month

Monthly Principal & Interest: $7,261
Monthly Property Taxes: $1,258
Monthly Home Insurance: --

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Down Payment

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Yearly 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

Trends
Schools

Commerical listings in Reading, PA

Average List Price ^$755,055

Percent of Sale Price 34%

About Reading, PA

89,350 Population

10% Since 2002

^$27,966 Median Income

32.19 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/30/2026	$1,150,000		Listed Price

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1220 Perkiomen Avenue, Reading, PA, 19602 is a Commercial Property for sale at $1,150,000 with 5,000 sqft and a lot size of 0.27. 1220 Perkiomen Avenue was built in 1920. The property's zip code is 19602 which is in Reading, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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1220 Perkiomen Avenue

Commercial Property for sale in Reading, PA

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