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$950,000

  • For Sale
  • Active
  • Single Family
  • 6,500 Sq. Ft.
  • Updated 4 days ago
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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.

Full Property Details for 1049 Penn St

General

  • Price: $950,000
  • Taxes: $4,552 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PABK2061466
  • Updated: 12/17/2025
  • Added to Site: 155 day(s) ago

Rental Information

  • Lease Info: Long Term, Month to Month, Yearly

Interior

  • Flooring: Hardwood, Ceramic Tile

Parking

  • Parking Type: None

Location

  • Area: Reading City (10201)
  • Municipality: READING CITY
  • County: BERKS
  • Cross Streets: 11Th
  • Driving Directions: From 422 take Penn St Exit for Reading the Follow Penn Street to 11st Property on Left , Corner of 11st & Penn St.

School Information

  • School District: Reading

Heating & Cooling

  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Detached
  • Construction: Brick, Stone
  • Basement: Yes
  • Basement Desc.: Partially Finished
  • Foundation: Stone
  • Square Feet: 6,500
  • Sq. Ft. Source: Estimated
  • Living Area: 6,500 Sq. Ft.
  • Finished Above Grnd: 6,500 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated
  • Property Condition: Average

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 3

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,613
  • Lot Size Source: Assessor
  • Zoning: MIX USE R-3

Financial Considerations

  • Price Per Sq. Ft.: $146.15
  • Operating Expenses: $17,045
  • Assessment Year: 2025
  • School Tax: $1,811
  • City/TownTax: $1,831
  • City/TownTax Freq: Annually
  • County Tax: $910
  • County Tax Freq: Annually
  • Tax w/Assessment: $101,000
  • Tax Amount: $4,552
  • Tax Year: 2025
  • Owner Pays: Heat, Common Area Maintenance, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Electricity

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Restaurant equipment owned by the tenant except for the hood/ventilator of stoves.
  • Inclusions: 3 stoves, 3 refrigerators in apartments.
  • Lot Number: 269

Listed by Keller Williams Platinum Realty - Wyomissing, Zylkia R Rivera

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Listing agent

— 1049 Penn St —

  • Zylkia R Rivera

    Keller Williams Platinum Realty - Wyomissing

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1049 Penn St

School District:Reading School District
NameGradesDistance
Tenth & Penn El School
955 Penn Street, Reading, PA 19601
PK-40.1 mi
Southern Middle School, Reading, PA
931 Chestnut Street, Reading, PA 19602
5-80.2 mi
Reading Senior High School
801 North 13th Street, Reading, PA 19604
9-120.9 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 1049 Penn St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/15/2025
Listed
$950,000
159.56%
MLS
4/29/2022
Sold
$366,000
—
Public Record
Get Price Alerts and Save Property
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 for 1049 Penn St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,741
3%
$101,000
—
2024
$2,674
-39%
$101,000
—
2023
$4,415
—
$101,000
—
2022
$4,415
—
$101,000
—
2021
$4,415
1%
$101,000
—
2020
$4,371
—
$101,000
—
2019
$4,371
—
$101,000
—
2018
$4,371
1%
$101,000
—
2017
$4,342
1%
$101,000
—
2016
$4,290
5%
$101,000
—
2015
$4,088
1%
$101,000
—
2014
$4,038
—
$101,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Platinum Realty - Wyomissing, Zylkia R Rivera

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1049 Penn Street, Reading, PA 19601 (MLS# PABK2061466) is a Single Family property with 0 bedrooms and 0 full bathrooms. 1049 Penn Street is currently listed for $950,000 and was received on August 15, 2025. Want to learn more about 1049 Penn Street? Do you have questions about finding other Single Family real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

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