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For sale
  • $1,250,000

    401 Walnut St, Reading, PA 19601

    23beds
    --baths
    11,000sqft
    : 
    Townhouse
    Built in 1880
    -- sqft lot
    $-- Zestimate®
    $114/sqft
    $-- HOA

    What's special

    Commercial spaceSpacious storage unitCorner property
    Prime Commercial Investment Opportunity in Reading City This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this versatile 3-building corner property offers significant potential. The asset includes 12 residential units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was previously a Laundromat. Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for water, sewer, property taxes, and trash removal. While the property requires some TLC, it offers great upside potential for the right investor. Showings are available to qualified buyers only, ensuring a smooth and efficient transaction. This property presents a rare combination of residential, commercial, and storage spaces in a prime location—don’t miss out on this exceptional investment opportunity!
    155 days
    on Zillow
    |
    443
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 03, 2025 at 12:02am

    Listed by:

    John Gantkowski 610-780-3024,

    Iron Valley Real Estate of Berks (484) 450-8771

    Source: Bright MLS,MLS#: PABK2051414MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 401 Walnut St.

    Next available tour time:Today at 1pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 23
    Basement
    • Area: 0
    Heating
    • Other, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 11,000
    • Total interior livable area: 11,000 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 4,791 Square Feet
    • Features: Urban, Unknown Soil Type
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 07530774713453
    • Zoning: MIXED
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Townhouse
    Materials
    • Mixed
    • Foundation: Other
    Condition
    • New construction: No
    • Year built: 1880

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Reading
    • Municipality: READING CITY

    Financial & listing details

    • Price per square foot: $114/sqft
    • Tax assessed value: $190,900
    • Annual tax amount: $8,604
    • Date on market: 11/25/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,Other
    • Exclusions: Tenants Personal Property
    • Ownership: Fee Simple
    • Road surface type: Paved
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