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$1,125,000 -$25,000 (-2.17%) Price Reduced

  • For Sale
  • Active
  • Apartment
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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

Full Property Details for 1220 Perkiomen Ave

General

  • Price: $1,125,000
  • Taxes: $15,094 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PABK2074090
  • Updated: 7/9/2026
  • Added to Site: 14 day(s) ago

Business

  • Business Type: Apartment Building

Interior

  • Flooring: Carpet, Hardwood

Parking

  • Parking Type: On Street

Location

  • Area: Reading City (10201)
  • Municipality: READING CITY
  • County: BERKS
  • Driving Directions: From downtown Reading, take Penn Street east and continue onto Perkiomen Avenue (US-422 Business). Proceed past South 11th Street and Franklin Street.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Foundation: Other
  • Roof: Rubber
  • Building Size: 8464
  • Year Built: 1920
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9, Unit 10

Lot Features

  • Property View: City, Street
  • Lot Size (Acres): 0.27
  • Lot Size (Sq. Ft.): 11,761
  • Lot Size Source: Assessor
  • Zoning: COMMERCIAL, RESIDENTIAL
  • Lot Description: Corner, Road Frontage

Financial Considerations

  • Price Per Sq. Ft.: $132.92
  • Assessment Year: 2026
  • School Tax: $5,863
  • City/TownTax: $6,284
  • City/TownTax Freq: Annually
  • County Tax: $2,947
  • County Tax Freq: Annually
  • Tax w/Assessment: $327,000
  • Tax Amount: $15,094
  • Tax Year: 2025
  • Owner Pays: Trash Collection, Pest Control, Water, Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: Refrigerator Range/Oven Dishwasher Microwave Washer and Dryer
  • Lot Number: 8404

Listed by Bold Realty, Trent L Stauffer

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Listing agent

— 1220 Perkiomen Ave —

  • Trent L Stauffer

    Bold Realty

Listing Office Email: info@boldpa.com

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 1220 Perkiomen Ave

School District:Reading School District
NameGradesDistance
Amanda E Stout Elementary School
321 South 10th Street, Reading, PA 19602
PK-40.3 mi
Southern Middle School, Reading, PA
931 Chestnut Street, Reading, PA 19602
5-80.3 mi
Reading Senior High School
801 North 13th Street, Reading, PA 19604
9-121 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 1220 Perkiomen Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/09/2026
Price Reduced
$1,125,000
-2.17%
MLS
6/30/2026
Listed
$1,150,000
35.29%
MLS
4/06/2022
Sold
$850,000
—
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 1220 Perkiomen Ave

Year
Property Taxes
Change
Tax Assessment
Change
2026
$9,231
4%
$327,000
—
2025
$8,875
3%
$327,000
—
2024
$8,657
-39%
$327,000
—
2023
$14,295
77%
$327,000
77%
2022
$8,083
—
$184,900
—
2021
$8,083
62%
$184,900
61%
2020
$4,985
—
$115,200
—
2019
$4,985
—
$115,200
—
2018
$4,985
1%
$115,200
—
2017
$4,953
1%
$115,200
—
2016
$4,893
5%
$115,200
—
2015
$4,662
1%
$115,200
—
2014
$4,606
—
$115,200
—
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.

Estimate the Cost for 1220 Perkiomen Ave

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Bold Realty, Trent L Stauffer

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1220 Perkiomen Avenue, Reading, PA 19602 (MLS# PABK2074090) is a Apartment property. 1220 Perkiomen Avenue is currently listed for $1,125,000 and was received on June 30, 2026. Want to learn more about 1220 Perkiomen Avenue? 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.

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