409 Walnut Street, Reading, PA 19601

Reading
Local realty services provided by:ERA One Source Realty
409 Walnut Street,Reading City, PA 19601
$995,000
  • - Beds
  • - Baths
  • 10,350 sq. ft.
  • Multi-family
  • Active
Listed by: frank j. renaldi, jr.
Office: the real estate firm&propmngmt
MLS#:779632
Source:PA_LVAR

Price summary

  • Price:$995,000
  • Price per sq. ft.:$96.14

About this home

Walnut St Commons | 409 Walnut St, Reading, PA Now Offered at $995,000 Walnut St Commons presents an exceptional opportunity to acquire a stabilized 9-unit multifamily investment in the heart of Reading, Pennsylvania—now offered below the $1 million threshold, creating one of the most compelling value opportunities currently available in the market. With strong in-place cash flow, diversified unit mix, and continued rental upside, the property delivers the combination of immediate income and long-term appreciation sought by both seasoned investors and 1031 exchange buyers. At the new asking price of $995,000, the asset offers an impressive 8.33% current capitalization rate, increasing to approximately 8.79% on pro forma operations through continued rent optimization. The building’s efficient operation also produces an estimated Debt Service Coverage Ratio (DSCR) of approximately 1.52, increasing to roughly 1.61 on pro forma income, providing strong lender appeal and financing...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1890
  • Subdivision & Development:Not in Development
  • Listing ID #:779632
  • Added:48 day(s) ago
  • Updated:August 11, 2026 at 02:55 PM

Rooms and interior

  • Living area:10,350 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1890
  • Building area:10,350 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Brick
  • Levels:3 or More Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$96.14
  • Tax amount:$3,356

New listings near 409 Walnut Street