550 Douglass Street

Reading, PA 19601

$330,000
Price
5
Beds
3
Baths
1,312 Sq. Ft.
$252 / Sq. Ft.
1,312
Sq. Ft.
$252
per Sq. Ft.

Description

House Hacking Opportunity! 550 Douglass St, Reading, PA 19601. This 3-unit property offers strong cash flow with two units currently rented ($850 & $1250/month). Ideal for house hacking, live in the back detached cottage; bi level 1-bedroom unit while enjoying rental income from the front building. Two parcels on one lot provide flexibility and privacy. Recent upgrades include oil to gas heat conversion with brand new high-efficiency boilers for both units in the front building. And roof/exterior...House Hacking Opportunity! 550 Douglass St, Reading, PA 19601. This 3-unit property offers strong cash flow with two units currently rented ($850 & $1250/month). Ideal for house hacking, live in the back detached cottage; bi level 1-bedroom unit while enjoying rental income from the front building. Two parcels on one lot provide flexibility and privacy. Recent upgrades include oil to gas heat conversion with brand new high-efficiency boilers for both units in the front building. And roof/exterior repairs on both properties. This property just passed inspection this year so it is up to code. Unit 1 consist of a large 1bd 1ba unit, unit 2 consist of a bi level 3bd 1ba unit. And unit 3 is a separate bi level one bed room unit.
  1. Listed by Jose Ramon Acosta Jr. • Iron Valley Real Estate of Berks
    P: (610)-750-0159 joacosta0990@gmail.com

Property Details for 550 Douglass Street

Tax ID Number
14-5307-59-84-1555
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
01-01-2025
Subdivision
READING
LISTING UPDATED: 01/02/2025 03:47 PM

Property Details for 550 Douglass Street

StatusActive
MLS #PABK2052104
Days on Market2
Taxes$2,029 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1912
Lot Size0.03 AC / 1,306 SF
CountyBerks County

Building Information for 550 Douglass Street

Stories-Residences3Year Built1912Building Size-Lot Size0.03 AC / 1,306 SF

Property Information for 550 Douglass Street

Location
Location
  • 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: $45,700
  • Year Assessed: 2024
  • County Tax: $381
  • Improvement Assessed Value: $33,700
  • City Town Tax: $828
  • Land Assessed Value: $12,000
  • Clean Green Assessed: No
  • Land Use Code: 133R
  • Zoning: MULTI UNIT
  • Zoning Dscrp: 133R Res: 2-4 Fam, Row, 2 Sty, Brick
  • Tax Lot: 1555
  • School Tax: $819
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 3
  • Number Of Units Vacant: 1
Multi Family
Unit 1
  • Type: Unit 1
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Beds Total: 3
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Beds Total: 1
  • Full Baths Count: 1
Building Info
Building Info
  • Year Major Reno Remodel: 2024
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1454835
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, Electric Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water, Baseboard - Electric
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 550 Douglass 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 550 Douglass Street

Taxable ValueLand$12,000Additions$33,700Total$45,700
Tax Record2024$1,210 ($101 / month)
Home Facts
Baths3Total Finished SqFt1,312 SqFtAbove Grade Finished SqFt1,312 SqFtStories2Lot Size1,307 SqFtStyleMulti-Family Dwelling (2-4)Year Built1912CountyBERKSAPN5307-59-84-1555

Schools near 550 Douglass 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
Riverside El School
PublicPK to 4

Central 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.

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550 Douglass Street is a multi-family home for sale in Reading, PA 19601. This property was listed for sale on January 1, 2025 by Iron Valley Real Estate of Berks, it's currently listed at $330,000. It has been on the market for a total of 2 days and was last sold on June 20, 2024. This listing's school district is Reading School District. Nearby schools include Riverside El School, Central Middle School and Reading Senior High School. 550 Douglass Street is a 5-bed, 3-bath, 1,312 sqft multi-family home built in 1912.

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 Iron Valley Real Estate of Berks

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.