$425,000

( $46.55Per Sq Foot )

$2,281 est/mo Sourced by Back At You

416,READING, PA 19601

READING, PA 19601

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Description

Rare opportunity to acquire a fully approved 18-unit multifamily project in the heart of Reading, PA. This value-add development offers investors and developers the chance to complete a high-demand rental project in a growing market with strong rental demand. Whether you're looking to expand your multifamily portfolio or take on your next development project, this property offers the potential to create substantial value in a market with increasing demand for quality housing.

Details

MLS #	PABK2072792
Listing Type	For Sale
Sub-Type	Resale
Status	Active-bright
Year	1900
Days On Site	106
Listing Provided By	Light House Realtors, LLC \| Jorge Diaz Jr.

Features

Units	18
Zoning	R3
Acreage	0.12

Interior

Cooling	None
Heating Yes / No	Yes
Heating	Steam

Exterior

Roof	Architectural Shingle, Flat, Pitched, Rubber, Other
Construction Materials	Brick Front, Cast Iron Plumbing, Combination, Copper Plumbing, Frame, Galvanized Plumbing, Masonry, Mixed Plumbing

Parking

Garage Yes / No	No

Taxes

Tax Annual Amount	1228

Area Information

State	PA
County	BERKS PA
City	READING
Zip Code	19601
Area	Reading City (10201)
Community Name	NONE AVAILABLE
School District	READING
High School	READING SENIOR
Listing VS Median (in NONE AVAILABLE)
Price: $425,000 low \| high Med: $359,915 65.314117647059% of Average On site: 106 low \| high Med: 101.5 100% of Average

Sourced by Back At You

Market Activity 19601

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: Jul 2026	Sales: 10	Avg $ Per SqFt: $129.17	Min Sale Price: $75,000	Max Sale Price: $365,000	Med Sale Price: $200,500
Date: Jun 2026	Sales: 13	Avg $ Per SqFt: $127.13	Min Sale Price: $170,000	Max Sale Price: $450,000	Med Sale Price: $225,000
Date: May 2026	Sales: 22	Avg $ Per SqFt: $153.1	Min Sale Price: $105,000	Max Sale Price: $329,900	Med Sale Price: $227,500
Date: Apr 2026	Sales: 18	Avg $ Per SqFt: $130.1	Min Sale Price: $80,000	Max Sale Price: $585,000	Med Sale Price: $206,500
Date: Mar 2026	Sales: 22	Avg $ Per SqFt: $122.04	Min Sale Price: $95,000	Max Sale Price: $660,000	Med Sale Price: $225,000
Date: Feb 2026	Sales: 8	Avg $ Per SqFt: $141.04	Min Sale Price: $150,000	Max Sale Price: $305,000	Med Sale Price: $218,500
Date: Jan 2026	Sales: 323	Avg $ Per SqFt: $286.73	Min Sale Price: $675	Max Sale Price: $564,900	Med Sale Price: $79,900
Date: Dec 2025	Sales: 15	Avg $ Per SqFt: $111.18	Min Sale Price: $80,000	Max Sale Price: $405,000	Med Sale Price: $175,000
Date: Nov 2025	Sales: 19	Avg $ Per SqFt: $121.87	Min Sale Price: $675	Max Sale Price: $330,000	Med Sale Price: $180,000
Date: Oct 2025	Sales: 16	Avg $ Per SqFt: $75.8	Min Sale Price: $1,050	Max Sale Price: $306,000	Med Sale Price: $147,500
Date: Sep 2025	Sales: 3	Avg $ Per SqFt: $93.33	Min Sale Price: $900	Max Sale Price: $585,000	Med Sale Price: $200,000

Sourced by Back At You

Jul 2026
Sales:	10
Avg $ Per SqFt:	$129.17
Min Sale Price:	$75,000
Max Sale Price:	$365,000
Med Sale Price:	$200,500
Jun 2026
Sales:	13
Avg $ Per SqFt:	$127.13
Min Sale Price:	$170,000
Max Sale Price:	$450,000
Med Sale Price:	$225,000
May 2026
Sales:	22
Avg $ Per SqFt:	$153.1
Min Sale Price:	$105,000
Max Sale Price:	$329,900
Med Sale Price:	$227,500
Apr 2026
Sales:	18
Avg $ Per SqFt:	$130.1
Min Sale Price:	$80,000
Max Sale Price:	$585,000
Med Sale Price:	$206,500
Mar 2026
Sales:	22
Avg $ Per SqFt:	$122.04
Min Sale Price:	$95,000
Max Sale Price:	$660,000
Med Sale Price:	$225,000
Feb 2026
Sales:	8
Avg $ Per SqFt:	$141.04
Min Sale Price:	$150,000
Max Sale Price:	$305,000
Med Sale Price:	$218,500
Jan 2026
Sales:	323
Avg $ Per SqFt:	$286.73
Min Sale Price:	$675
Max Sale Price:	$564,900
Med Sale Price:	$79,900
Dec 2025
Sales:	15
Avg $ Per SqFt:	$111.18
Min Sale Price:	$80,000
Max Sale Price:	$405,000
Med Sale Price:	$175,000
Nov 2025
Sales:	19
Avg $ Per SqFt:	$121.87
Min Sale Price:	$675
Max Sale Price:	$330,000
Med Sale Price:	$180,000
Oct 2025
Sales:	16
Avg $ Per SqFt:	$75.8
Min Sale Price:	$1,050
Max Sale Price:	$306,000
Med Sale Price:	$147,500
Sep 2025
Sales:	3
Avg $ Per SqFt:	$93.33
Min Sale Price:	$900
Max Sale Price:	$585,000
Med Sale Price:	$200,000

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Contact

Learn More About This Property

Roe Iyoha

Century 21 Gold Key Realty

(302) 563-6314 roeiyoha@c21gk.com

State	PA
County	BERKS PA
City	READING
Zip Code	19601
Area	Reading City (10201)
Community Name	NONE AVAILABLE
School District	READING
High School	READING SENIOR
Listing VS Median (in NONE AVAILABLE)
Price: $425,000 low \| high Med: $359,915 65.314117647059% of Average On site: 106 low \| high Med: 101.5 100% of Average

Sourced by Back At You

Nearby Listings (Within 1/10 mile)

Price: $318K - $531K

sqft: 0 - 0

Nearby Listings Property Image	Nearby Listings Details
	$95,000 428 Walnut St Reading, PA 19601
	$55,000 415 Walnut St Reading, PA 19601
	$365,000 417 Walnut St Reading, PA 19601
	$5,000 126 5th Reading, PA 19601
	$420,000 104 N 4th Street Reading Pa Reading, PA 19601

Listing Updated: August 31, 2026 at 2:47:38 PM PDT

416,READING, PA 19601

READING, PA 19601

Description

Details

Features

Interior

Exterior

Parking

Taxes

Area Information

Market Activity 19601

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Contact

Learn More About This Property

Roe Iyoha

Century 21 Gold Key Realty

Contact

Additional Information

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Attachments

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$95,000

$55,000

$365,000

$5,000

$420,000

Roe Iyoha - Century 21 Gold Key Realty

416,READING, PA 19601

READING, PA 19601

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Description

Details

Features

Interior

Exterior

Parking

Taxes

Area Information

Market Activity 19601

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Contact

Learn More About This Property

Roe Iyoha

Century 21 Gold Key Realty

Contact

Additional Information

Submit Form

Attachments

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$95,000

$55,000

$365,000

$5,000

$420,000

Roe Iyoha - Century 21 Gold Key Realty