Great cash flow producing investment 2 unit end of row near City Park in very good condition. Unit 1 - 1st floor has 3 rooms, 1 BR, living, kitchen and bath. All electric unit with baseboard heat all tenant paid. 1 Year tenant at $500 per month. Unit 2 is an efficiency unit, 2 rooms, kitchen, BR and bath. All electric with baseboard heat all tenant paid. Unit is vacant but previously rented for $500 per month. Replacement windows. Shingle roof. Breaker panels. Fenced yard. Both units are very clean and good condition. Tenants currently split the water bill. Nearly 10k in net income a year! 25% CAP RATE!! Solid Investment property at a super affordable price! A must for your investment protfolio!
Sold for $125,000
$125,000
1040 Walnut St, Reading, PA 19601
0beds
0baths
944sqft
SingleFamily
Built in 1900
871.2 Acres Lot
$131,000 Zestimate®
$132/sqft
$1,362 Estimated rent
Home value
$131,000
$101,000 - $161,000
$1,362/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 944 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 871.20 Acres
Details
- Parcel number: 08531769019298
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Converted Dwelling
Materials
- steel
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Reading
Other
Other facts
- Construction Materials: Aluminum Siding, Asbestos
- Heating YN: Y
- Ownership Interest: Fee Simple
- Property Type: Multi-Family
- One Bedroom Units Count: 1
- Single Room Units Count: 1
- Architectural Style: Converted Dwelling
- Structure Type: Townhouse/Rowhouse
- Tax Annual Amount: 1138.0
- Tax Lot: 9298
- Standard Status: Active
- Type of Parking: On Street
- Pool: No Pool
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Sold | $125,000+284.6%$132/sqft |
Source: Public Record Report a problem | ||
| 4/16/2018 | Sold | $32,500-18.8%$34/sqft |
Source: Public Record Report a problem | ||
| 2/15/2018 | Listed for sale | $40,000+53.8%$42/sqft |
Source: Re/Max Of Reading #1000158226 Report a problem | ||
| 7/26/2012 | Sold | $26,000-3.3%$28/sqft |
Source: Public Record Report a problem | ||
| 6/7/2012 | Price change | $26,900-3.6%$28/sqft |
Source: Prudential Landis Homesale Services #5982373 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,185 +1.5% | $26,300 |
| 2024 | $1,168 +1.6% | $26,300 |
| 2023 | $1,150 | $26,300 |
Find assessor info on the county website
Neighborhood: 19601
Nearby schools
GreatSchools rating
- 4/10Tenth & Penn El SchoolGrades: PK-4Distance: 0.2 mi
- 4/10Southern Middle SchoolGrades: 5-8Distance: 0.4 mi
- 2/10Reading Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- High: Reading Senior
- District: Reading
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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