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$450,000
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Property Description
Don't miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area. This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 1.5 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water.
Full Property Details
Full Property Details for 1361 Perkiomen Ave
General
- Sold For: $450,000
- Taxes: $5,174 (2025)
- Status: Closed
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: PABK2061728
- Added to Site: 225 day(s) ago
Parking
- Parking Type: Parking Lot
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: Turn onto Perkiomen Ave from Route 422 in Reading, also known as Franklin St. The property is on your left.
School Information
- School District: Reading
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: None
- Heating Fuel: Natural Gas
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Other
Structural Information
- Property Detached: Yes
- Architectural Style: Other
- Structure Type: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Other
- Foundation: Other
- Stories/Levels: 3
- Stories Description: Main
- Square Feet: 4,750
- Sq. Ft. Source: Estimated
- Living Area: 4,750 Sq. Ft.
- Finished Above Grnd: 4,750 Sq. Ft.
- Year Built: 1931
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 2
Lot Features
- Zoning: R-3
Financial Considerations
- Price Per Sq. Ft.: $100
- School Tax: $2,058
- County Tax: $1,035
- County Tax Freq: Annually
- Tax w/Assessment: $114,800
- Tax Amount: $5,174
- Tax Year: 2025
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Other
- Lot Number: 8653
Listed by Capstone Commercial, Naomi E Brown
Sold by RE/MAX Of Reading, Angelo Giannotti
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Schools
Schools serving 1361 Perkiomen Ave
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Sixteenth & Haak El School 1601 Haak Street, Reading, PA 19602 | PK-4 | 0.3 mi |
Central Middle School, Reading, PA 215 North 12th Street, Reading, PA 19604 | 5-8 | 0.6 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.2 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 1361 Perkiomen Ave
Date
Details
Price
Change
Source
2/23/2026
Sold
$450,000
-5.26%
MLS
8/29/2025
Price Reduced
$474,990
—
MLS
8/19/2025
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1361 Perkiomen Avenue, Reading, PA 19602 (MLS# PABK2061728) is a Single Family property that was sold at $450,000 on February 23, 2026. Want to learn more about 1361 Perkiomen Avenue? 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.

