401 Walnut Street
Description
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...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 location—don’t miss out on this exceptional investment opportunity!
- Listed by John H Gantkowski Jr. • Pagoda RealtyP: (610)-780-3024 jgantkowski@pagodarpm.com
Property Details for 401 Walnut Street
Property Details for 401 Walnut Street
| Status | Active |
|---|---|
| MLS # | PABK2051414 |
| Days on Market | 17 |
| Taxes | $8,477 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1880 |
| Lot Size | 0.11 AC / 4,791 SF |
| County | Berks County |
Building Information for 401 Walnut Street
Property Information for 401 Walnut Street
- School District Name: READING
- School District County ID: 300200397169
- SchoolDistrictSource: Listing Agent
- County: BERKS
- MLS Area: Reading City (10201)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $190,900
- Year Assessed: 2024
- County Tax: $1,593
- Improvement Assessed Value: $171,500
- City Town Tax: $3,461
- Land Assessed Value: $19,400
- Clean Green Assessed: No
- Land Use Code: 4124
- Zoning: MIXED
- Tax Lot: 3453
- School Tax: $3,423
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Taxes - Real Estate, Trash Collection, Water
- Single Room Units Count: 0
- One Bedroom Units Count: 4
- Two Bedroom Units Count: 5
- Three Bedroom Units Count: 3
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10
- Type: Unit 1
- Type: Unit 2
- Type: Unit 3
- Type: Unit 4
- Type: Unit 5
- Type: Unit 6
- Type: Unit 7
- Type: Unit 8
- Type: Unit 9
- Type: Unit 10
- Building Units Total: 4
- Total Finished SQFT: 11,000.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: .00
- Total SQFT: 11,000.00
- Total SQFT Source: Estimated
- Construction Materials: Mixed
- Basement Type: Full
- Foundation Details: Other
- Lot Size Source: Assessor
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Soil Types: Unknown
- Road Surface Type: Paved
- Road Responsibility: Boro/Township
- Location Type: Urban
- Parcel ID: 1445000
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Other
- Heating Fuel: Natural Gas
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: National Association of REALTORS
Property History for 401 Walnut Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 401 Walnut Street
Schools near 401 Walnut Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 7 |
Rating | School | Distance |
|---|---|---|
Lauers Park El School PublicPK to 4 | ||
SOUTHWEST MS 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.
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Listing Courtesy of Pagoda 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.