$365,000

( $30.04Per Sq Foot )

$1,959 est/mo Sourced by Back At You

417 Walnut St,READING, PA 19601

READING, PA 19601

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Description

Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 12-14 apartment units in a rapidly evolving corridor. Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market. With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation. Bring your vision and unlock the full potential of this prime investment.

Details

MLS #	PABK2068316
Listing Type	For Sale
Sub-Type	Resale
Status	Active-bright
Year	1920
Days On Site	204
Listing Provided By	Light House Realtors, LLC \| Jorge Diaz Jr.

Features

Units	15
Zoning	R3
Acreage	0.12

Interior

Cooling	None
Heating Yes / No	Yes
Heating	Steam

Exterior

Construction Materials	Brick Front

Parking

Garage Yes / No	No

Taxes

Tax Annual Amount	8712

Area Information

State	PA
County	BERKS PA
City	READING
Zip Code	19601
Area	Reading City (10201)
School District	READING
Listing VS Median (in 19601)
Price: $365,000 low \| high Med: $190,000 97.945205479452% of Average On site: 204 low \| high Med: 85 100% 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: 9	Avg $ Per SqFt: $130.83	Min Sale Price: $75,000	Max Sale Price: $365,000	Med Sale Price: $205,000
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: 17	Avg $ Per SqFt: $130.52	Min Sale Price: $80,000	Max Sale Price: $585,000	Med Sale Price: $203,000
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:	9
Avg $ Per SqFt:	$130.83
Min Sale Price:	$75,000
Max Sale Price:	$365,000
Med Sale Price:	$205,000
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:	17
Avg $ Per SqFt:	$130.52
Min Sale Price:	$80,000
Max Sale Price:	$585,000
Med Sale Price:	$203,000
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)
School District	READING
Listing VS Median (in 19601)
Price: $365,000 low \| high Med: $190,000 97.945205479452% of Average On site: 204 low \| high Med: 85 100% of Average

Sourced by Back At You

Nearby Listings (Within 1/10 mile)

Price: $273K - $456K

sqft: 0 - 0

Nearby Listings Property Image	Nearby Listings Details
	$55,000 415 Walnut St Reading, PA 19601
	$425,000 416 Reading, PA 19601
	$95,000 428 Walnut St Reading, PA 19601
	$5,000 126 5th Reading, PA 19601

Listing Updated: August 31, 2026 at 2:48:02 PM PDT

417 Walnut St,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

Submit Form

Attachments

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$55,000

$425,000

$95,000

$5,000

Roe Iyoha - Century 21 Gold Key Realty

417 Walnut St,READING, PA 19601

READING, PA 19601

Share:

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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$55,000

$425,000

$95,000

$5,000

Roe Iyoha - Century 21 Gold Key Realty