Excellent opportunity to acquire a cash-flowing multifamily property with two income-producing parking lots in a central city location. The sale includes a four-unit residential building at 220 N. 6th St, with rear parking lot and a separately deeded parking lot located at 221 Church St, creating multiple revenue streams with future expansion potential. The residential building features a desirable unit mix with strong in-place rents: Unit #1: 2 Bedrooms-$900/month, Unit #2: 3 Bedrooms-$1,500/month, Unit #3: 2 Bedrooms-$1,100/month, Unit #4 Studio-Projected $850/month. Landlord currently pays gas heat, water, sewer and trash. Rear parking lots provides steady income with 15 total rented spaces across both parking lots at $60 per space per month ($900/month), plus potential to create additional parking spaces. Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining and nearby daycare facilities, adding to tenant appeal and long-term rental demand. Schedule your private showing today
Under contract
$650,000
220 N 6th St, Reading, PA 19601
8beds
4baths
4,791sqft
Est.:
Townhouse
Built in 1900
-- sqft lot
$631,200 Zestimate®
$136/sqft
$-- HOA
What's special
Desirable unit mixFour-unit residential buildingRear parking lotSeparately deeded parking lot
- 24 days |
- 750 |
- 27 |
Zillow last checked: 8 hours ago
Listing updated: March 03, 2026 at 05:55am
Listed by:
Ana Menendez 484-797-0532,
Coldwell Banker Realty 6103739900
Source: Bright MLS,MLS#: PABK2067992
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Basement
- Area: 0
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Cooktop, Water Heater, Refrigerator, Electric Water Heater
Features
- Attic
- Flooring: Laminate, Vinyl
- Doors: Double Entry
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 9,582
- Total interior livable area: 4,791 sqft
Property
Parking
- Total spaces: 15
- Parking features: Paved, Parking Lot
Accessibility
- Accessibility features: None
Features
- Exterior features: Balcony
- Pool features: None
Lot
- Size: 4,791.6 Square Feet
- Features: Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 07530775812559
- Zoning: R/C
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick, Stone, Mixed, Mixed Plumbing
- Foundation: Concrete Perimeter
- Roof: Pitched,Shingle
Condition
- Average
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Phone, Cable Available
Community & HOA
Community
- Security: Fire Escape
- Subdivision: None Available
Location
- Region: Reading
- Municipality: READING CITY
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $58,300
- Annual tax amount: $2,628
- Date on market: 2/9/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Inclusions: 4 Range / Oven & 4 Refrigerator
- Exclusions: Tenants Belongings
- Ownership: Fee Simple
- Total actual rent: 52200
Estimated market value
$631,200
$600,000 - $663,000
$2,137/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/3/2026 | Contingent | $650,000$136/sqft |
Source:  Bright MLS #PABK2067992 Report a problem | ||
| 2/10/2026 | Listed for sale | $650,000+195.5%$136/sqft |
Source: Bright MLS #PABK2067992 Report a problem | ||
| 8/13/2021 | Sold | $220,000-15.4%$46/sqft |
Source: Bright MLS #PABK2000230 Report a problem | ||
| 7/1/2021 | Pending sale | $260,000$54/sqft |
Source: Bright MLS #PABK2000230 Report a problem | ||
| 6/23/2021 | Listing removed | -- |
Source:  Berkshire Hathaway HomeServices Homesale Realty Report a problem | ||
| 6/16/2021 | Listed for sale | $260,000+51.3%$54/sqft |
Source: Bright MLS #PABK2000230 Report a problem | ||
| 7/16/2010 | Listing removed | $171,900$36/sqft |
Source: Century 21 Call First #5469419 Report a problem | ||
| 6/19/2010 | Listed for sale | $171,900$36/sqft |
Source: Century 21 Call First #5469419 Report a problem | ||
| 1/27/2010 | Listing removed | $171,900$36/sqft |
Source: Century 21 Call First #5469419 Report a problem | ||
| 11/27/2009 | Price change | $171,900-0.6%$36/sqft |
Source: Century 21 Call First #5469419 Report a problem | ||
| 11/7/2009 | Price change | $172,900-1.2%$36/sqft |
Source: Century 21 Call First #5469419 Report a problem | ||
| 6/12/2009 | Listed for sale | $175,000+250.7%$37/sqft |
Source: Century 21 Call First #5469419 Report a problem | ||
| 4/9/2001 | Sold | $49,900$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,628 +1.5% | $58,300 |
| 2024 | $2,589 +1.6% | $58,300 |
| 2023 | $2,549 | $58,300 |
| 2022 | $2,549 | $58,300 |
| 2021 | $2,549 +1% | $58,300 |
| 2020 | $2,523 | $58,300 |
| 2019 | $2,523 | $58,300 |
| 2018 | $2,523 +0.7% | $58,300 |
| 2017 | $2,506 +75% | $58,300 |
| 2016 | $1,432 +8.7% | $58,300 |
| 2015 | $1,318 | $58,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,830/mo
Principal & interest
$3012
Property taxes
$818
Climate risks
Neighborhood: 19601
Nearby schools
GreatSchools rating
- 5/10Lauers Park El SchoolGrades: PK-4Distance: 0.4 mi
- 4/10SOUTHWEST MSGrades: 5-8Distance: 0.6 mi
- 2/10Reading Senior High SchoolGrades: 9-12Distance: 1 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.
Local experts in 19601
- Pennsylvania
- Berks County
- Reading
- 19601
- 220 N 6th St
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