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$90,000

  • Sold
  • Closed
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 2,070 Sq. Ft.

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PROPERTY IS A SHELL. NEEDS COMPLETE REHAB **Welcome to Reading, PA** * INVESTOR SPECIAL * We are delighted to introduce you to Reading P.A, a welcoming and family-oriented neighborhood where many residents have lived for over 15 to 20 years. We would like to highlight a recent real estate opportunity in the area. The property located at 240 N 2nd St, Reading, PA 19601, was successfully sold for $265,000. My colleague served as both the general contractor and realtor for this home. Initially purchased in 2021 for $80,000, it underwent significant renovations that increased its appraised value to $250,000. After being listed on the market, it attracted multiple bids and ultimately sold for $258,000. Currently, this property is available for purchase at the same price of $80,000 just a few doors away. This home requires a conversion to a multi-family unit-a process that is relatively straightforward for an investor who is motivated and can envision the potential of the property. We advise prospective buyers to take caution when viewing the property due to some unsafe spaces; it is recommended to bring a flashlight and watch your step. This presents a fantastic investment opportunity for section 8 buyers, air Bnb purchasers or straight rental units, so please do not hesitate to reach out for more information.

Full Property Details for 137 Elm St

General

  • Sold For: $90,000
  • Taxes: $1,244 (2024)
  • Status: Closed
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PABK2056206
  • Added to Site: 274 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Baths: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms Main & Up: 5

Parking

  • Parking Type: Other

Location

  • Area: Reading City (10201)
  • Municipality: READING CITY
  • County: Berks
  • Development Name: None Available
  • Subdivision: None Available
  • Driving Directions: Directions

School Information

  • School District: Reading

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None
  • Heating Fuel: Oil
  • Water Heater: None

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Other
  • Architectural Style: Other
  • Structure Type: Twin/Semi-Detached
  • Construction: Brick
  • Foundation: Other
  • Stories/Levels: 0
  • Stories Description: Main
  • Square Feet: 2,070
  • Sq. Ft. Source: Assessor
  • Living Area: 2,070 Sq. Ft.
  • Finished Above Grnd: 2,070 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,742
  • Lot Size Source: Assessor
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: RESIDENTIAL

Financial Considerations

  • Price Per Sq. Ft.: $38.65
  • Assessment Year: 2025
  • School Tax: $495
  • City/TownTax: $500
  • City/TownTax Freq: Annually
  • County Tax: $249
  • County Tax Freq: Annually
  • Tax w/Assessment: $27,600
  • Tax Amount: $1,244
  • Tax Year: 2024
  • Terms: Standard Sale
  • Tax Total Finished Sq. Ft.: 2070

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 10

Listed by HomeSmart Realty Advisors, Tyrese Tyrell Johnson
Sold by Iron Valley Real Estate of Berks, Jose Manzueta

Listing agent

— 137 Elm St —

  • Tyrese Tyrell Johnson

    HomeSmart Realty Advisors

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 137 Elm St

School District:Reading School District
NameGradesDistance
Lauers Park El School
251 North 2nd Street, Reading, PA 19601
PK-40.1 mi
Southwest Ms
300 Chestnut Street, Reading, PA 19602
5-80.6 mi
Reading Senior High School
801 North 13th Street, Reading, PA 19604
9-121.3 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 137 Elm St

Date
Details
Price
Change
Source
5/07/2025
Sold
$90,000
12.5%
MLS
4/21/2025
Listed
$80,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by HomeSmart Realty Advisors, Tyrese Tyrell Johnson
Sold by Iron Valley Real Estate of Berks, Jose Manzueta

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137 Elm Street, Reading, PA 19601 (MLS# PABK2056206) is a Single Family property that was sold at $90,000 on May 07, 2025. Want to learn more about 137 Elm 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.