548 S 7TH STREET, READING, PA, 19602
  • $599,900

Overview

MLS ID : PABK2077392
  • Other
  • Property Type
  • Dwelling (SqFt)
  • 1920
  • Year Built

Description

This property offers a solid foundation for generating rental income. It generates rental income from 4 apartments and 7 individually rented rooms. Three of the apartments are one-bedrooms and the other is a 2-bedroom. Projected annual revenue at 100% occupancy $78,060. The average condition of the property presents a canvas for value-add renovations, allowing savvy investors to enhance its appeal and increase rental rates. The unfinished basement provides additional potential for storage or future development, while the single off-street parking option provides added convenience for tenants. Located in a vibrant neighborhood, this property benefits from proximity to local amenities and transportation options, making it attractive to a wide range of potential tenants. Investors will appreciate the potential for cash flow, as the property can be rented out to multiple tenants, diversifying income streams. Don’t miss out on the chance to capitalize on this promising investment in Reading!

Details

Updated on October 7, 2026 at 4:35 am
  • MLS ID PABK2077392
  • Price $599,900
  • Land (Acres) 0.07
  • Year Built 1920
  • Property Type Other
  • Property Status MLS Status ACTIVE-BRIGHT, Multi-Family

Additional Detail

  • Above Grade Finished Square Footage 0
  • Architectural Style Other
  • AssessmentYear 2026
  • Basement 1
  • Below Grade Finished 0
  • County Tax 409
  • FoundationDetails Stone
  • Heating Baseboard - Electric
  • Listing Broker Keller Williams Platinum Realty - Wyomissing
  • Off Street Parking Spaces 1
  • Other Structures Above Grade, Below Grade
  • Pool No Pool
  • Property Condition Average
  • School District READING
  • School Tax 814
  • Sewer Public Sewer
  • Short Sale No
  • Subdivision Name (if Applicable) READING
  • Annual Taxes 2096

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