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$474,990 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 4,750 Sq. Ft.
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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 for 1361 Perkiomen Ave

General

  • Price: $474,990
  • Taxes: $5,174 (2025)
  • Status: Pending
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PABK2061728
  • Updated: 12/17/2025
  • Added to Site: 179 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

Disclosures and Reports

  • Ownership: Other
  • Lot Number: 8653

Listed by Capstone Commercial, Naomi E Brown

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Listing agent

— 1361 Perkiomen Ave —

  • Naomi E Brown

    Capstone Commercial

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 1361 Perkiomen Ave

School District:Reading School District
NameGradesDistance
Sixteenth & Haak El School
1601 Haak Street, Reading, PA 19602
PK-40.3 mi
Central Middle School, Reading, PA
215 North 12th Street, Reading, PA 19604
5-80.6 mi
Reading Senior High School
801 North 13th Street, Reading, PA 19604
9-121.2 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 1361 Perkiomen Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/29/2025
Price Reduced
$474,990
—
MLS
8/19/2025
Listed
$475,000
72.73%
MLS
8/17/2020
Sold
$275,000
—
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 1361 Perkiomen Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,116
3%
$114,800
—
2024
$3,039
-39%
$114,800
—
2023
$5,019
—
$114,800
—
2022
$5,019
—
$114,800
—
2021
$5,019
1%
$114,800
—
2020
$4,968
—
$114,800
—
2019
$4,968
—
$114,800
—
2018
$4,968
1%
$114,800
—
2017
$4,935
1%
$114,800
—
2016
$4,876
5%
$114,800
—
2015
$4,646
1%
$114,800
—
2014
$4,590
—
$114,800
—
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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with our affiliated lender
NMLS#: 1598647

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Listed by Capstone Commercial, Naomi E Brown

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1361 Perkiomen Avenue, Reading, PA 19602 (MLS# PABK2061728) is a Single Family property with 0 bedrooms and 0 full bathrooms. 1361 Perkiomen Avenue is currently listed for $474,990 and was received on August 19, 2025. 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.

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