220 N 6th St, Reading, PA 19601
Local realty services provided by:ERA Valley Realty
220 N 6th St,Reading, PA 19601
$499,900
- 8 Beds
- - Baths
- 4,791 sq. ft.
- Multi-family
- Active
Listed by: ana m menendez
Office: coldwell banker realty
MLS#:PABK2067992
Source:BRIGHTMLS
Price summary
- Price:$499,900
- Price per sq. ft.:$104.34
About this home
Excellent opportunity to acquire a cash-flowing multifamily property in a central city location. The sale includes a four-unit residential building at 220 N. 6th St with a rear parking lot, creating an additional income stream 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. The rear parking lot provides steady income with 15 rented spaces at $60 per space per month ($900/month), with 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.
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Home facts
- Year built:1900
- Listing ID #:PABK2067992
- Added:93 day(s) ago
- Updated:May 13, 2026 at 01:41 PM
Rooms and interior
- Bedrooms:8
- Flooring:Laminate Plank, Vinyl
- Kitchen Description:Refrigerator, Stove, Water Heater
- Basement:Yes
- Basement Description:Full
- Living area:4,791 sq. ft.
Heating and cooling
- Heating:Hot Water, Natural Gas
Structure and exterior
- Roof:Pitched, Shingle
- Year built:1900
- Building area:4,791 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Downtown
- Architectural Style:Traditional
- Construction Materials:Brick, Stone
- Exterior Features:Balcony, Fire Escape
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$104.34
- Tax amount:$2,628 (2025)
Features and amenities
- Amenities:Attic, Cable TV Available, Electric Available, Natural Gas Available, Phone
Parking
- Parking description:Parking Lot, Paved Parking
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