148 S 9th St, Reading, PA 19602
Local realty services provided by:O'BRIEN REALTY ERA POWERED
148 S 9th St,Reading, PA 19602
$399,000
- 4 Beds
- - Baths
- 2,668 sq. ft.
- Multi-family
- Active
Listed by: john h gantkowski jr.
Office: iron valley real estate of berks
MLS#:PABK2068274
Source:BRIGHTMLS
Price summary
- Price:$399,000
- Price per sq. ft.:$149.55
About this home
Four unit apartment building located at the end of the row offering additional light, and strong rental appeal. This oversized property features more than 2600 square feet of living space, making it a powerful income producing asset for any portfolio.
Investors seeking immediate cash flow will appreciate the solid rent roll and low expense structure. Tenants pay their own electric, heat, cooking gas, and hot water. Owner expenses are limited to water, sewer, trash, insurance, and taxes, maximizing net income.
For the savvy house hacker, the current owner has intentionally left one unit vacant, creating the perfect opportunity to move in and take advantage of FHA owner occupant financing while the remaining units help cover your mortgage.
Current rent roll:
Two bedroom unit 1300 per month
One bedroom unit 1100 per month
One bedroom unit 1100 per month
Studio unit 950 per month
Strong income, minimal owner expenses, and built in upside make this a standout opportunity for both investors and owner occupants. Properties with this size, layout, and income potential do not come along often. Higher than average CAP rate 11%.
Contact an agent
Home facts
- Year built:1900
- Listing ID #:PABK2068274
- Added:5 day(s) ago
- Updated:February 22, 2026 at 02:31 PM
Rooms and interior
- Bedrooms:4
- Living area:2,668 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Year built:1900
- Building area:2,668 sq. ft.
- Lot area:0.03 Acres
Schools
- Middle school:SOUTHERN
- Elementary school:AMANDA E. STOUT
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,000
- Price per sq. ft.:$149.55
- Tax amount:$1,845 (2021)
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