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$424,900 Just Listed
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Property Description
Unlock the potential at 127 S 3rd Street, a 6-unit multifamily property located in the heart of Reading. This building presents a rare value-add opportunity for investors looking to build equity, increase cash flow, and capitalize on a growing rental market. The property features six separate units, offering strong income potential once renovations and upgrades are completed. While the building does require work, the upside is undeniable, bring your vision, your offer and creativity to elevate this property - opportunities like this don't last
Full Property Details
Full Property Details for 127 S 3rd St
General
- Price: $424,900
- Taxes: $2,239 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PABK2070086
- Updated: 4/13/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Ceramic Tile, Carpet, Vinyl
Parking
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: USE GPS
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available
Structural Information
- Construction: Brick
- Roof: Rubber
- Building Size: 6781
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Average
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,484
- Lot Size Source: Assessor
- Zoning: RESI
Financial Considerations
- Price Per Sq. Ft.: $62.66
- Assessment Year: 2026
- School Tax: $870
- City/TownTax: $932
- City/TownTax Freq: Annually
- County Tax: $437
- County Tax Freq: Annually
- Tax w/Assessment: $48,500
- Tax Amount: $2,239
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 8351
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 127 S 3rd St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Southwest Ms 300 Chestnut Street, Reading, PA 19602 | 5-8 | 0.1 mi |
Tyson-Schoener El School 315 South 5th Street, Reading, PA 19602 | PK-4 | 0.3 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.5 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 127 S 3rd St
Date
Details
Price
Change
Source
4/09/2026
Listed
$424,900
157.52%
MLS
7/15/2020
Sold
$165,000
—
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 127 S 3rd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,316
2%
$48,500
—
2024
$1,284
-39%
$48,500
—
2023
$2,120
—
$48,500
—
2022
$2,120
—
$48,500
—
2021
$2,120
1%
$48,500
—
2020
$2,099
—
$48,500
—
2019
$2,099
—
$48,500
—
2018
$2,099
1%
$48,500
—
2017
$2,085
1%
$48,500
—
2016
$2,060
5%
$48,500
—
2015
$1,963
1%
$48,500
—
2014
$1,939
—
$48,500
—
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 127 S 3rd St
127 S 3rd Street, Reading, PA 19602 (MLS# PABK2070086) is a Apartment property. 127 S 3rd Street is currently listed for $424,900 and was received on April 09, 2026. This property is listed by Joseph "Joe" Colon from our Wyomissing Office.Want to learn more about 127 S 3rd 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.



