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$515,000
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Property Description
Calling all investors! 5 Residential Units now available on Walnut St. High traffic count and Central location makes residential units easy to rent. Excellent cash flow for the savvy investor. Current Rental / Lease Income Per Unit/Per Month: Unit/Apartment 1: $900 Unit/Apartment 2: $1200 Unit/Apartment 3: $750 Unit/Apartment 4: $850 Unit/Apartment 5: $850. Can be purchased individually or in a package deal with up to 19 Total Units. Please reach out for additional details and/or to schedule a walkthrough.
Full Property Details
Full Property Details for 1027 Walnut St
General
- Price: $515,000
- Taxes: $1,663 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PABK2061764
- Updated: 1/13/2026
- Added to Site: 151 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Tile/Brick, Vinyl
Parking
- Parking Features: Public
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: Right on N 11th St and Left on Walnut St
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric, Forced Air
- Heating Fuel: Electric
- Water Heater: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Natural Gas Available
Structural Information
- Construction: Brick
- Stories/Levels: 3
- Building Size: 4920
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,742
- Lot Size Source: Assessor
- Zoning: COMM
Financial Considerations
- Price Per Sq. Ft.: $104.67
- Assessment Year: 2025
- School Tax: $662
- City/TownTax: $669
- City/TownTax Freq: Annually
- County Tax: $333
- County Tax Freq: Annually
- Tax w/Assessment: $36,900
- Tax Amount: $1,663
- Tax Year: 2025
- Owner Pays: Common Area Maintenance, Electricity, Sewer, Taxes - Personal property, Taxes - Real Estate, Trash Collection, Water
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 8452
Listed by Pagoda Realty, Jimmy Thelusca
Get Pre-Approved Today
Schools
Schools serving 1027 Walnut St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Central Middle School, Reading, PA 215 North 12th Street, Reading, PA 19604 | 5-8 | 0.2 mi |
Tenth & Penn El School 955 Penn Street, Reading, PA 19601 | PK-4 | 0.2 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1027 Walnut St
Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$515,000
-3.72%
MLS
11/01/2025
Price Reduced
$534,900
-2.75%
MLS
8/22/2025
Listed
$550,000
189.47%
MLS
4/13/2022
Sold
$190,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1027 Walnut St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,002
3%
$36,900
—
2024
$977
-39%
$36,900
—
2023
$1,613
—
$36,900
—
2022
$1,613
—
$36,900
—
2021
$1,613
1%
$36,900
—
2020
$1,597
—
$36,900
—
2019
$1,597
—
$36,900
—
2018
$1,597
1%
$36,900
—
2017
$1,586
1%
$36,900
—
2016
$1,567
5%
$36,900
—
2015
$1,493
1%
$36,900
—
2014
$1,475
—
$36,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1027 Walnut St
1027 Walnut Street, Reading, PA 19601 (MLS# PABK2061764) is a Apartment property. 1027 Walnut Street is currently listed for $515,000 and was received on August 22, 2025. Want to learn more about 1027 Walnut Street? Do you have questions about finding other Apartment real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

