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$390,000
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Property Description
Four unit apartment building located at the end of the row offering additional light, and strong rental appeal. This oversized property features more than 2600 square feet of living space, making it a powerful income producing asset for any portfolio. Investors seeking immediate cash flow will appreciate the solid rent roll and low expense structure. Tenants pay their own electric, heat, cooking gas, and hot water. Owner expenses are limited to water, sewer, trash, insurance, and taxes, maximizing net income. For the savvy house hacker, the current owner has intentionally left one unit vacant, creating the perfect opportunity to move in and take advantage of FHA owner occupant financing while the remaining units help cover your mortgage. Current rent roll: Two bedroom unit 1300 per month One bedroom unit 1100 per month One bedroom unit 1100 per month Studio unit 950 per month Strong income, minimal owner expenses, and built in upside make this a standout opportunity for both investors and owner occupants. Properties with this size, layout, and income potential do not come along often. Higher than average CAP rate 11%.
Full Property Details
Full Property Details for 148 S 9th St
General
- Sold For: $390,000
- Taxes: $1,845 (2021)
- Status: Closed
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PABK2068274
- Added to Site: 49 day(s) ago
Parking
- Parking Type: None
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: Chestnut st to 9th st.
School Information
- School District: Reading
- Elementary School: Amanda E. Stout
- Middle School: Southern
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: End of Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Stone
- Square Feet: 2,668
- Sq. Ft. Source: Estimated
- Living Area: 2,668 Sq. Ft.
- Finished Above Grnd: 2,668 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,307
- Lot Size Source: Estimated
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $146.18
- Operating Expenses: $7,000
- Assessment Year: 2021
- School Tax: $757
- City/TownTax: $765
- City/TownTax Freq: Annually
- County Tax: $323
- County Tax Freq: Annually
- Tax w/Assessment: $42,200
- Tax Amount: $1,845
- Tax Year: 2021
- Terms: Standard Sale
- Owner Pays: Water, Trash Collection, Taxes - Real Estate, Sewer, Insurance
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 9150
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Schools
Schools serving 148 S 9th St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Southern Middle School, Reading, PA 931 Chestnut Street, Reading, PA 19602 | 5-8 | 0.1 mi |
Amanda E Stout Elementary School 321 South 10th Street, Reading, PA 19602 | PK-4 | 0.2 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 148 S 9th St
Date
Details
Price
Change
Source
3/13/2026
Sold
$390,000
-2.26%
MLS
2/19/2026
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
148 S 9th Street, Reading, PA 19602 (MLS# PABK2068274) is a Townhouse property that was sold at $390,000 on March 13, 2026. This property was sold by Anna Ortiz from our Wyomissing Office.Want to learn more about 148 S 9th Street? Do you have questions about finding other Townhouse real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.


