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$309,900
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Property Description
Excellent investment opportunity! Multi-Family with three residential units. The property features a tenant-occupied 1-bedroom unit currently rented for $800/month, with the tenant paying electric heat, hot water, and electric stove. The 1st floor rear studio unit is vacant, recently updated, and has a projected rent of approximately $1,100/month. The 2nd floor host a spacious vacant 2-bedroom unit, offers gas boiler heat and electric hot water. The property includes four separate utility meters, providing ease of management and tenant utility responsibility. Each tenant pays their own electric, hot water and heat. Ideal for investors or owner-occupants looking to generate strong rental income. Live in 1 for free, use the other 2 to cover the mortgage. Schedule a showing!
Full Property Details
Full Property Details for 1038 Walnut St
General
- Price: $309,900
- Taxes: $1,348 (2025)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PABK2075680
- Updated: 7/23/2026
- Added to Site: 8 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Subdivision: READING
- Driving Directions: N 11th and Walnut St
School Information
- School District: Reading
- High School: Reading Senior
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiator, Baseboard - Electric
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available
Structural Information
- Architectural Style: Other
- Structure Type: Interior Row/Townhouse
- Construction: Vinyl Siding, Aluminum Siding
- Basement: Yes
- Basement Desc.: Other
- Foundation: Other
- Square Feet: 1,355
- Sq. Ft. Source: Estimated
- Living Area: 1,355 Sq. Ft.
- Finished Above Grnd: 1,355 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,306
- Lot Size Source: Estimated
- Zoning: MULT FAMILY
Financial Considerations
- Price Per Sq. Ft.: $228.71
- Assessment Year: 2026
- School Tax: $524
- City/TownTax: $561
- City/TownTax Freq: Annually
- County Tax: $263
- County Tax Freq: Annually
- Tax w/Assessment: $29,200
- Tax Amount: $1,348
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 9278
Listed by Light House Realtors, LLC, Jorge Diaz Jr.
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Schools
Schools serving 1038 Walnut St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Tenth & Penn El School 955 Penn Street, Reading, PA 19601 | PK-4 | 0.2 mi |
Southern Middle School, Reading, PA 931 Chestnut Street, Reading, PA 19602 | 5-8 | 0.4 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1038 Walnut St
Date
Details
Price
Change
Source
7/23/2026
Listed
$309,900
63.11%
MLS
1/15/2026
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 1038 Walnut St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$824
4%
$29,200
—
2025
$793
3%
$29,200
—
2024
$773
-39%
$29,200
—
2023
$1,277
—
$29,200
—
2022
$1,277
—
$29,200
—
2021
$1,277
1%
$29,200
—
2020
$1,264
—
$29,200
—
2019
$1,264
—
$29,200
—
2018
$1,264
1%
$29,200
—
2017
$1,255
1%
$29,200
—
2016
$1,240
5%
$29,200
—
2015
$1,182
1%
$29,200
—
2014
$1,167
—
$29,200
—
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 1038 Walnut St
1038 Walnut Street, Reading, PA 19601 (MLS# PABK2075680) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 1038 Walnut Street is currently listed for $309,900 and was received on July 23, 2026. Want to learn more about 1038 Walnut Street? Do you have questions about finding other Townhouse real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

