1038 Walnut St, Reading, PA 19601

Reading
Local realty services provided by:O'BRIEN REALTY ERA POWERED
1038 Walnut St,Reading, PA 19601
$309,900
  • 4 Beds
  • - Baths
  • 1,355 sq. ft.
  • Multi-family
  • Active
Listed by: jorge diaz jr.
Office: light house realtors, llc.
MLS#:PABK2075680
Source:BRIGHTMLS

Price summary

  • Price:$309,900
  • Price per sq. ft.:$228.71

About this home

Excellent investment opportunity! Multi-Family with three residential units. The property features a tenant-occupied 1-bedroom unit currently rented for $800/month, with the tenant paying electric heat, hot water, and electric stove. The 1st floor rear studio unit is vacant, recently updated, and has a projected rent of approximately $1,100/month. The 2nd floor host a spacious vacant 2-bedroom unit, offers gas boiler heat and electric hot water. The property includes four separate utility meters, providing ease of management and tenant utility responsibility. Each tenant pays their own electric, hot water and heat. Ideal for investors or owner-occupants looking to generate strong rental income. Live in 1 for free, use the other 2 to cover the mortgage. Schedule a showing!

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Home facts

  • Year built:1900
  • Subdivision & Development:READING
  • Listing ID #:PABK2075680
  • Added:14 day(s) ago
  • Updated:August 07, 2026 at 01:30 PM

Rooms and interior

  • Bedrooms:4
  • Basement:Yes
  • Living area:1,355 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Natural Gas, Radiator

Structure and exterior

  • Year built:1900
  • Building area:1,355 sq. ft.
  • Lot area:0.03 Acres
  • Construction Materials:Aluminum Siding, Vinyl Siding

Schools

  • High school:READING SENIOR

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$309,900
  • Price per sq. ft.:$228.71
  • Tax amount:$1,348 (2025)

Features and amenities

  • Amenities:100 Amp Service, Natural Gas Available

Parking

  • Parking description:On Street

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