Reading, PA 19601 401 Walnut Street
$1,250,000
4 more
Presented By: Iron Valley Real Estate of Berks
Beds • 23
Beds • 23Home Details
Prime Commercial Investment Opportunity in Reading City
This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this
versatile 3-building corner property offers significant potential. The asset includes 12 residential
units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was
previously a Laundromat.
Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage
unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for
water, sewer, property taxes, and trash removal.
While the property requires some TLC, it offers great upside potential for the right investor.
Showings are available to qualified buyers only, ensuring a smooth and efficient transaction.
This property presents a rare combination of residential, commercial, and storage spaces in a
prime locationdont miss out on this exceptional investment opportunity!
Presented By: Iron Valley Real Estate of Berks
Interior Features for 401 Walnut Street
Bedrooms
Three Bedroom Units Count3
Other Interior Features
LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
General for 401 Walnut Street
Acceptable FinancingCash, Conventional, Other
AccessibilityNone
Architectural StyleTraditional
CityREADING
Construction MaterialsMixed
Cool FuelNone
CoolingNone
CountyBERKS
Directions3rd to walnut
ExclusionsTenants personal property
Garage Y/NNo
HeatingOther
Location TypeUrban
Lot Size Square Feet4791.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
ModificationTimestamp2025-04-03T07:02:21
MunicipalityREADING CITY
New ConstructionNo
Number Of Units Total4
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9, Unit 10
OwnerPaysTaxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG113.64
Property SubtypeOther
Property TypeMulti-Family
School DistrictREADING
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount8604.0
Tax Assessed Value190900.0
Tax Lot3453
Tax Year2025
Total SQFT11000
Two Bedroom5
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1880
Year Built SourceEstimated
ZoningMIXED
Exterior for 401 Walnut Street
Foundation DetailsOther
Land Assessed Value19400.00
Land Use Code4124
Lot Dimensions0.00 x 0.00
Lot Size Acres0.11
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Road ResponsibilityBoro/Township
Road Surface TypePaved
Soil TypesUnknown
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
