1049 Penn St

Reading, PA 19601

$950,000
Price
7
Beds
3
Baths
6,500 Sq. Ft.
$146 / Sq. Ft.
6,500
Sq. Ft.
$146
per Sq. Ft.
front view of a building
a building view
a front view of a residential apartment building with a yard
a view of entryway with a front door
a view of a hallway
a view of small space with wooden floor
a view of a room with wooden floor
a bathroom with a sink and a bathtub
a bathroom with a bathtub and shower
wooden floor in an empty room with a window
an empty room with wooden floor fan and windows
an empty room with wooden floor and windows
wooden floor in an empty room with a window
a kitchen that has a sink and a stove
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a kitchen with granite countertop a sink and a stove top oven
a view of empty room with wooden floor and fan
a view of empty room with wooden floor and fan
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor and fan
an empty room with a window

Description

Prime multi-unit property with high-visibility and corner Location facing City Park. An exceptional opportunity to own a 4-unit mixed-use property in a prime, high-traffic location. This impressive building features one spacious unit per floor, including 1 ground-floor commercial space and 3 large residential apartments, each offering unique charm and character. It features a premium location situated on a high-visibility corner directly across from a park, offering scenic park and city views. Excellent...Prime multi-unit property with high-visibility and corner Location facing City Park. An exceptional opportunity to own a 4-unit mixed-use property in a prime, high-traffic location. This impressive building features one spacious unit per floor, including 1 ground-floor commercial space and 3 large residential apartments, each offering unique charm and character. It features a premium location situated on a high-visibility corner directly across from a park, offering scenic park and city views. Excellent accessibility with easy access to public transportation and foot traffic, ideal for both residential and commercial use. The units are well-maintained with high ceilings, hardwood floors, and abundant natural light. The architectural character amazes with beautiful original architectural features and rear sun porches add elegance and light to each apartment. The long-term commercial tenant, ensures stable income. A versatility for investors seeking strong rental income or owner-occupants looking to live and invest in a vibrant area. This is a rare chance to acquire a corner detached property with high curb appeal and excellent growth potential. Don't miss out on this standout asset in a sought-after neighborhood.
  1. Listed by Zylkia R Rivera • Keller Williams Platinum Realty - Wyomissing
    P: (484)-273-2284 zrivera@teamriverarealtors.com

Property Details for 1049 Penn Street

Tax ID Number
08-5317-77-10-0269
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Cross Street
11th
Municipality
READING CITY
LISTING UPDATED: 10/12/2025 12:13 PM

Property Details for 1049 Penn Street

StatusActive
MLS #PABK2061466
Days on Market144
Taxes$4,552 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.06 AC / 2,613 SF
CountyBerks County

Location

Listing Courtesy of Keller Williams Platinum Realty - Wyomissing
Add your commute

Building Information for 1049 Penn Street

Stories-Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$5,009 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,630

Property Taxes

$379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1049 Penn Street

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Reading City (10201)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $101,000
  • Year Assessed: 2025
  • County Tax: $910
  • Improvement Assessed Value: $73,700
  • City Town Tax: $1,831
  • Land Assessed Value: $27,300
  • Clean Green Assessed: No
  • Land Use Code: 4126
  • Zoning: MIX USE R-3
  • Tax Lot: 0269
  • School Tax: $1,811
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Heat, Common Area Maintenance, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Electricity
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 1
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Half Baths Count: 2
  • Unit Type Features: Restaurant has a 5 year lease with 4 years remaining.
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $17,045
  • Insurance Expense: $3,000
Financial Information
  • Gross Scheduled Income: $85,000
  • Net Operating Income: $60,955
  • Annual Rental Income: $78,000
  • Income Includes: Apartment Rentals, Shop Rentals
  • Cap Rate: 6.42
  • Existing Lease Type: Long Term, Month to Month, Yearly
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 6,500.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1445989
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 1049 Penn Street

DateEvent & SourcePriceAppreciation
Aug 15, 2025

Listed (Active)

BRIGHT #PABK2061466

$950,000—
Jun 6, 2022

Closed

BRIGHT #PABK2013528

$366,000—
Apr 29, 2022

Closed (Public Record)

Public Record #1491391014

$366,000

+14.2% / yr

Apr 6, 2022

Pending

BRIGHT #PABK2013528

—
Mar 31, 2022

Temp Off Market

BRIGHT #PABK2013528

—
Mar 28, 2022

Pending

BRIGHT #PABK2013528

—
Mar 27, 2022

Listed (Active)

BRIGHT #PABK2013528

$339,900—
Jul 31, 2018

Closed (Public Record)

Public Record #627971884

$222,500—
Jul 31, 2018

Closed (Public Record)

Public Record #627971884

$222,500

-1.4% / yr

Jul 31, 2018

Closed

BRIGHT #1004439257

$222,500—
Jul 31, 2018

Closed

BRIGHT #1004439407

$222,500—
Jun 23, 2018

Pending

BRIGHT #1004439257

—
Jun 23, 2018

Pending

BRIGHT #1004439407

—
Jan 11, 2018

Listed (Active)

BRIGHT #1004439257

$249,900—
Jan 11, 2018

Listed (Active)

BRIGHT #1004439407

$249,900—
Jan 30, 2006

Closed (Public Record)

Public Record #244126654

$265,000—
Sep 8, 2005

Withdrawn

BRIGHT #PABK293660

$289,900—
Aug 19, 2005

Listed (Active)

BRIGHT #PABK293660

$289,900—
DateEvent & SourcePrice
08/15/2025

Listed (Active)

BRIGHT #PABK2061466

$950,000
06/06/2022

Closed

BRIGHT #PABK2013528

$366,000
04/29/2022

Closed (Public Record)

Public Record #1491391014

$366,000

+14.2% / yr

04/06/2022

Pending

BRIGHT #PABK2013528

—
03/31/2022

Temp Off Market

BRIGHT #PABK2013528

—
03/28/2022

Pending

BRIGHT #PABK2013528

—
03/27/2022

Listed (Active)

BRIGHT #PABK2013528

$339,900
07/31/2018

Closed (Public Record)

Public Record #627971884

$222,500
07/31/2018

Closed (Public Record)

Public Record #627971884

$222,500

-1.4% / yr

07/31/2018

Closed

BRIGHT #1004439257

$222,500
07/31/2018

Closed

BRIGHT #1004439407

$222,500
06/23/2018

Pending

BRIGHT #1004439257

—
06/23/2018

Pending

BRIGHT #1004439407

—
01/11/2018

Listed (Active)

BRIGHT #1004439257

$249,900
01/11/2018

Listed (Active)

BRIGHT #1004439407

$249,900
01/30/2006

Closed (Public Record)

Public Record #244126654

$265,000
09/08/2005

Withdrawn

BRIGHT #PABK293660

$289,900
08/19/2005

Listed (Active)

BRIGHT #PABK293660

$289,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1049 Penn Street

Taxable ValueLand$27,300Additions$73,700Total$101,000
Tax Record2025$2,741 ($228 / month)
Home Facts
Total Finished SqFt6,520 SqFtAbove Grade Finished SqFt6,520 SqFtStories3Lot Size2,614 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyBERKSAPN08531777100269

Schools near 1049 Penn Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Tenth & Penn El School
Public - PK to 4
Southern Middle School
Public - 5 to 8
Reading Senior High School
Public - 9 to 12
Southwest Middle School
Public - 6 to 7
Rating
School
Distance
Tenth & Penn El School
PublicPK to 4

Southern Middle School
Public5 to 8

Reading Senior High School
Public9 to 12

Southwest Middle School
Public6 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1049 Penn Street, Reading, PA 19601

1049 Penn Street is a multi-family home for sale in Reading, PA 19601. This property was listed for sale on August 15, 2025 by Keller Williams Platinum Realty - Wyomissing, it's currently listed at $950,000. It has been on the market for a total of 144 days and was last sold on June 6, 2022. This listing's school district is Reading School District. Nearby schools include Tenth & Penn El School, Southern Middle School and Reading Senior High School. 1049 Penn Street is a 7-bed, 3-bath, 6,500 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Platinum Realty - Wyomissing

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.