1361 Perkiomen Ave, READING, PA

$474,990

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4,750

Square feet

0.29

Acres

About 1361 Perkiomen Ave

Don’t miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area. This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 2 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. Contact agent for group tour time. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water. Contact agent for group tour dates. Income and expenses in documents.

Features of 1361 Perkiomen Ave

MLS® # PABK2061142
Price $474,990
Bathrooms 0.00
Square Footage 4,750
Acres 0.29
Year Built 1931
Type Commercial Sale
Sub-Type Five Or More Units
Status Active

Community Information

Address 1361 Perkiomen Ave
Area Reading City (10201)
City READING
County BERKS-PA
State PA
Municipality READING CITY
Zip Code 19602

Amenities

Is Waterfront No

Interior

Heating None
Cooling Other
Has Basement No
Fireplace No
# of Stories 3

Exterior

Exterior Brick and Siding

School Information

District READING

Additional Information

Date Listed August 7th, 2025
Days on Market 58
Zoning R-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCapstone Commercial
Contact Info(717) 819-2825

Listing Map

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