349 Miller Street

Reading, PA 19602

$194,900
Price
Beds
Baths
1,350 Sq. Ft.
$144 / Sq. Ft.
1,350
Sq. Ft.
$144
per Sq. Ft.

Description

Welcome to 349 Miller Street, a remarkable investment opportunity in the heart of Reading, PA! This well-maintained two-unit property features a vibrant commercial front currently operating as a barbershop, complemented by a spacious four-bedroom residential unit, making it ideal for investors or homeowners looking to generate rental income. Commercial Space: The front unit is a charming barbershop, generating steady income with a current rental rate of $600 per month. This space boasts a welcoming...Welcome to 349 Miller Street, a remarkable investment opportunity in the heart of Reading, PA! This well-maintained two-unit property features a vibrant commercial front currently operating as a barbershop, complemented by a spacious four-bedroom residential unit, making it ideal for investors or homeowners looking to generate rental income. Commercial Space: The front unit is a charming barbershop, generating steady income with a current rental rate of $600 per month. This space boasts a welcoming atmosphere and is perfectly situated to attract foot traffic and loyal clientele. Residential Unit: The second unit offers a generous layout featuring four comfortable bedrooms and one bathroom, providing ample space for families or professionals. With a rental income of $1,200 per month, this unit is a fantastic opportunity for stable cash flow. Both units have private entrances, ensuring convenience and privacy for all tenants. Utilities: Tenants are responsible for their own heat and electricity, making management straightforward and efficient. This property is not just a place to live and work; it’s a vibrant community hub with endless potential. Whether you’re looking to expand your investment portfolio or seeking a home with additional income, 349 Miller Street is the perfect choice. Don’t miss out on this incredible opportunity! Schedule a showing today and see all that this property has to offer.
  1. Listed by Joe Colon • Coldwell Banker Realty
    P: (484)-650-6749 josephcolonrealtor@gmail.com

Property Details for 349 Miller Street

Tax ID Number
16-5316-31-28-7204
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Expected On Market Date
01-28-2025
Municipality
READING CITY
LISTING UPDATED: 01/28/2025 12:06 AM

Property Details for 349 Miller Street

StatusActive
MLS #PABK2053040
Days on Market22
Taxes$1,354 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.03 AC / 1,306 SF
CountyBerks County

Building Information for 349 Miller Street

Stories-Residences2Year Built1920Building Size-Lot Size0.03 AC / 1,306 SF

Property Information for 349 Miller Street

Location
Location
  • Transportation: Bus Stop less than 1 mile
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Reading City (10201)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $30,500
  • Year Assessed: 2024
  • County Tax: $255
  • Improvement Assessed Value: $14,700
  • City Town Tax: $553
  • Land Assessed Value: $15,800
  • Clean Green Assessed: No
  • Land Use Code: 4118
  • Zoning: MIXED USE
  • Tax Lot: 7204
  • School Tax: $547
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
Financial Information
Expenses
  • Operating Expense: $2,820
  • Operating Expense Includes: Insurance
Financial Information
  • Gross Income: $21,600
  • Net Operating Income: $18,780
  • Annual Rental Income: $21,600
  • Income Includes: Apartment Rentals
  • Cap Rate: 9.60
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,350.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1458951
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Natural Gas Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS
  • List Agent URL: www.joecolonrealtor.com

Property History for 349 Miller Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 349 Miller Street

Taxable ValueLand$15,800Additions$14,700Total$30,500
Tax Record2024$807 ($67 / month)
Home Facts
Total Finished SqFt2,201 SqFtAbove Grade Finished SqFt2,201 SqFtStories2Lot Size1,307 SqFtStyleStoresYear Built1920CountyBERKSAPN5316-31-28-7204

Schools near 349 Miller Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 6 to 7
Rating
School
Distance
Amanda E Stout Elementary School
PublicPK to 4

Southern Middle School
Public5 to 8

Reading Senior High School
Public9 to 12

Southwest Middle School
Public6 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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349 Miller Street is a multi-family home for sale in Reading, PA 19602. This property was listed for sale on January 28, 2025 by Coldwell Banker Realty, it's currently listed at $194,900. It has been on the market for a total of 22 days and was last sold on June 15, 2018. This listing's school district is Reading School District. Nearby schools include Amanda E Stout Elementary School, Southern Middle School and Reading Senior High School. 349 Miller Street is a 0-bed, 0-bath, 1,350 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.