409 Walnut Street, Reading, PA 19601

Reading
Local realty services provided by:ERA One Source Realty
409 Walnut Street,Reading City, PA 19601
$895,000
  • - 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:$895,000
  • Price per sq. ft.:$86.47

About this home

Now offered at $895,000, Walnut St Commons presents an exceptional opportunity to acquire a stabilized 9-unit multifamily investment in the heart of Reading, Pennsylvania. Following a strategic price adjustment, the property now delivers one of the most compelling combinations of cash flow, operational efficiency, and value currently available in the market. With strong in-place income, a diversified unit mix, and continued rental upside, Walnut St Commons is well positioned for seasoned investors, portfolio expansion, or a 1031 exchange. The property currently generates approximately $82,864 in Net Operating Income, producing an impressive 9.26% capitalization rate at the new asking price. Through continued rent optimization and natural lease turnover, projected Net Operating Income increases to approximately $87,454, resulting in an outstanding 9.77% pro forma capitalization rate. These performance metrics position the asset among the stronger stabilized multifamily investment...

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Home facts

  • Year built:1890
  • Subdivision & Development:Not in Development
  • Listing ID #:779632
  • Added:89 day(s) ago
  • Updated:September 22, 2026 at 03:00 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:$895,000
  • Price per sq. ft.:$86.47
  • Tax amount:$3,356

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