1500 Centre Avenue, Reading, PA 19601 - Photo 1

1/1

$455,000

Sold
Closed
Multi-Family
2 Car Garage

1/1

Property Description

Investor Special! Welcome to 1500 Centre Ave - a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don't miss your chance to add this strong performer to your portfolio. Schedule your private tour today!

Full Property Details

Full Property Details for 1500 Centre Ave

General

Sold For: $455,000
Taxes: $2,452 (2025)
Status: Closed
Type: Multi-Family
Source: BrightMLSPhilly
MLS ID: PABK2057698
Added to Site: 240 day(s) ago

Exterior

Exterior Features: Fire Escape, Exterior Lighting, Sidewalks, Street Lights, Gutter System

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Type: Attached Garage, Alley, On Street
Garage Description: Additional Storage Area, Covered Parking

Location

Area: Reading City (10201)
Municipality: READING CITY
County: Berks
Driving Directions: Put address in GPS. On the corner of Amity St and Centre Ave. Across from the school parking lot.
Location Details: Corner Lot/Unit

School Information

School District: Reading

Heating & Cooling

Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Heating Type: Radiator
Heating Fuel: Natural Gas
Water Heater: Electric, Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Bi-level
Architectural Style: Bi-level
Structure Type: End of Row/Townhouse
Construction: Brick
Basement: Yes
Basement Desc.: Unfinished, Garage Access, Interior Access
Foundation: Concrete Perimeter
Stories/Levels: 3
Square Feet: 3,030
Sq. Ft. Source: Assessor
Living Area: 3,030 Sq. Ft.
Finished Above Grnd: 3,030 Sq. Ft.
Year Built: 1915
Year Built Source: Assessor

Unit Information

Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
1 Bedroom Units: 1
2 Bedroom Units: 1

Unit 1

Unit Description: Unit 5

Unit 2

Unit Description: Unit 1

Unit 3

Unit Description: Unit 2
Bedrooms: 1

Unit 4

Unit Description: Unit 3

Unit 5

Unit Description: Unit 4
Half Baths: 1
Bedrooms: 2

Additional Structures

Other Structures: Garage(s)

Lot Features

Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,742
Lot Size Source: Assessor
Lot Dimensions: 0.00 x 0.00
Lot Features: Corner
Zoning: R-3
Lot Description: Corner

Financial Considerations

Price Per Sq. Ft.: $148.51
Assessment Year: 2025
School Tax: $975
City/TownTax: $986
City/TownTax Freq: Annually
County Tax: $490
County Tax Freq: Annually
Tax w/Assessment: $54,400
Tax Amount: $2,452
Tax Year: 2025
Terms: Standard Sale
Owner Pays: Common Area Maintenance, Management, Insurance, Pest Control, Repairs, Snow Removal, Taxes - Personal property, Taxes - Real Estate, Trash Collection, Water
Landlord Pays: Common Area Maintenance, Management, Insurance, Pest Control, Repairs, Snow Removal, Taxes - Personal property, Taxes - Real Estate, Trash Collection, Water
Tax Total Finished Sq. Ft.: 3030

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Any of the sellers personal Items
Inclusions: Tenants and Tenants belongings.
Lot Number: 416

Listed by KW Empower, Shawn M Krause
Sold by Century 21 Gold, Felix Munoz

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Listing agent

— 1500 Centre Ave —

Shawn M Krause

KW Empower

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Schools

Schools serving 1500 Centre Ave

School District:Reading School District

Name	Grades	Distance
Riverside El School 1400 Centre Avenue, Reading, PA 19601	PK-4	0.1 mi
Northwest Middle School 1000 North Front Street, Reading, PA 19601	5-8	0.5 mi
Reading Senior High School 801 North 13th Street, Reading, PA 19604	9-12	1.4 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 1500 Centre Ave

Date

Details

Price

Change

Source

7/25/2025

Sold

$455,000

1.11%

MLS

5/23/2025

Listed

$450,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1500 Centre Avenue, Reading, PA 19601 (MLS# PABK2057698) is a Multi-Family property that was sold at $455,000 on July 25, 2025. Want to learn more about 1500 Centre Avenue? Do you have questions about finding other Multi-Family real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

1500 Centre Ave Reading, PA 19601