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$615,000
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Property Description
Six unit investment opportunity in the Hessian Camp section of Reading delivering strong cash flow and long term upside. The property consists of six two bedroom one bath units with multiple updates already completed, offering a stabilized asset with additional value add potential. This offering includes 1601 Mineral Spring Road, 1603 Mineral Spring Road, and 1601 Rear Mineral Spring, which functions as a dedicated off street parking lot with space for approximately twelve vehicles. Ample parking is a key advantage that supports tenant retention and enhances overall asset value. Tenants are responsible for heat, electric, and hot water, helping minimize operating expenses. Owner expenses are limited to water, sewer, and trash. The property features a newer roof, updated mechanical systems, and efficient gas furnaces, contributing to lower maintenance costs and reliable performance. Located in a high demand rental area, this is a turnkey investment with immediate income and future upside. Be sure all parcel IDs are included in any agreement of sale. Opportunities like this are limited, especially with built in parking and strong return potential. This is a strategic addition to any investment portfolio.
Full Property Details
Full Property Details for 1601 Mineral Spring Rd
General
- Price: $615,000
- Taxes: $2,770 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PABK2070498
- Updated: 4/15/2026
- Added to Site: 10 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 12
- Parking Type: Parking Lot
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: Reading to Mineral Springs
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Building Size: 6775
- Year Built: 1910
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $90.77
- Assessment Year: 2026
- School Tax: $1,076
- City/TownTax: $1,153
- City/TownTax Freq: Annually
- County Tax: $541
- County Tax Freq: Annually
- Tax w/Assessment: $60,000
- Tax Amount: $2,770
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 9058
Listed by Iron Valley Real Estate of Berks, John H Gantkowski Jr.
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Schools
Schools serving 1601 Mineral Spring Rd
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Sixteenth & Haak El School 1601 Haak Street, Reading, PA 19602 | PK-4 | 0.1 mi |
Central Middle School, Reading, PA 215 North 12th Street, Reading, PA 19604 | 5-8 | 0.7 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.1 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 1601 Mineral Spring Rd
Date
Details
Price
Change
Source
4/10/2026
Listed
$615,000
83.58%
MLS
11/17/2022
Sold
$335,000
—
Public Record
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
Tax History for 1601 Mineral Spring Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,629
3%
$60,000
—
2024
$1,588
-39%
$60,000
—
2023
$2,623
—
$60,000
—
2022
$2,623
—
$60,000
—
2021
$2,623
1%
$60,000
—
2020
$2,597
—
$60,000
—
2019
$2,597
—
$60,000
—
2018
$2,597
1%
$60,000
—
2017
$2,579
1%
$60,000
—
2016
$2,548
5%
$60,000
—
2015
$2,428
1%
$60,000
—
2014
$2,399
—
$60,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1601 Mineral Spring Rd
1601 Mineral Spring Road, Reading, PA 19602 (MLS# PABK2070498) is a Apartment property. 1601 Mineral Spring Road is currently listed for $615,000 and was received on April 10, 2026. Want to learn more about 1601 Mineral Spring Road? Do you have questions about finding other Apartment real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

