Prime multi-unit property with high-visibility and corner Location facing City Park. An exceptional opportunity to own a 4-unit mixed-use property in a prime, high-traffic location. This impressive building features one spacious unit per floor, including 1 ground-floor commercial space and 3 large residential apartments, each offering unique charm and character. It features a premium location situated on a high-visibility corner directly across from a park, offering scenic park and city views. Excellent accessibility with easy access to public transportation and foot traffic, ideal for both residential and commercial use. The units are well-maintained with high ceilings, hardwood floors, and abundant natural light. The architectural character amazes with beautiful original architectural features and rear sun porches add elegance and light to each apartment. The long-term commercial tenant, ensures stable income. A versatility for investors seeking strong rental income or owner-occupants looking to live and invest in a vibrant area. This is a rare chance to acquire a corner detached property with high curb appeal and excellent growth potential. Don't miss out on this standout asset in a sought-after neighborhood.
For sale
$950,000
1049 Penn St, Reading, PA 19601
7beds
5baths
6,500sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$906,900 Zestimate®
$146/sqft
$-- HOA
What's special
Corner detached propertyHigh-visibility and corner locationAbundant natural lightHigh curb appealBeautiful original architectural featuresFacing city parkHigh ceilings
- 142 days |
- 458 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: October 12, 2025 at 05:13am
Listed by:
Zylkia Rivera 484-273-2284,
Keller Williams Platinum Realty - Wyomissing 6108981441,
Listing Team: The Zylkia Rivera Team
Source: Bright MLS,MLS#: PABK2061466
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Basement
- Area: 0
Heating
- Hot Water, Natural Gas
Cooling
- None, Electric
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Ceramic Tile
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 6,500
- Total interior livable area: 6,500 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,613 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 08531777100269
- Zoning: MIX USE R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
Materials
- Brick, Stone
- Foundation: Stone
Condition
- Average
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Reading
- Municipality: READING CITY
Financial & listing details
- Price per square foot: $146/sqft
- Tax assessed value: $101,000
- Annual tax amount: $4,552
- Date on market: 8/15/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: 3 Stoves, 3 Refrigerators In Apartments.
- Exclusions: Restaurant Equipment Owned By The Tenant Except For The Hood / Ventilator Of Stoves.
- Ownership: Fee Simple
- Total actual rent: 78000
- Income includes: Apartment Rentals, Shop Rentals
Estimated market value
$906,900
$862,000 - $952,000
$1,437/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Listed for sale | $950,000+159.6%$146/sqft |
Source:  Bright MLS #PABK2061466 Report a problem | ||
| 6/6/2022 | Sold | $366,000+7.7%$56/sqft |
Source: Bright MLS #PABK2013528 Report a problem | ||
| 3/31/2022 | Pending sale | $339,900$52/sqft |
Source: Bright MLS #PABK2013528 Report a problem | ||
| 3/30/2022 | Listing removed | $339,900$52/sqft |
Source: Bright MLS #PABK2013528 Report a problem | ||
| 3/27/2022 | Listed for sale | $339,900+52.8%$52/sqft |
Source: Bright MLS #PABK2013528 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,552 +1.5% | $101,000 |
| 2024 | $4,485 +1.6% | $101,000 |
| 2023 | $4,415 | $101,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,081/mo
Principal & interest
$4553
Property taxes
$1195
Home insurance
$333
Climate risks
Neighborhood: 19601
Nearby schools
GreatSchools rating
- 4/10Tenth & Penn El SchoolGrades: PK-4Distance: 0.1 mi
- 4/10Southern Middle SchoolGrades: 5-8Distance: 0.2 mi
- 2/10Reading Senior High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Reading
Source: Bright 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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