1259 N 10th St
Description
Global Real Estate Advisors (GREA) presents the opportunity to acquire the fee simple interest in the Downtown Reading Portfolio. The Portfolio consists of three well-located assets totaling 31 residential units and one commercial space in the heart of Reading, Pennsylvania. Situated within minutes of one another, the properties provide operational efficiency, stable...THIS IS A PACKAGE DEAL PRICED AT $3,225,000 AND INCLUDES 831 NORTH 10TH STREET, 17 & 19 SOUTH 3RD STREET, AND 1259 NORTH 10TH STREET
Global Real Estate Advisors (GREA) presents the opportunity to acquire the fee simple interest in the Downtown Reading Portfolio. The Portfolio consists of three well-located assets totaling 31 residential units and one commercial space in the heart of Reading, Pennsylvania. Situated within minutes of one another, the properties provide operational efficiency, stable cash flow, and clear upside through rent growth and light renovations. The Downtown Reading Portfolio serves a deep and diverse tenant base within a submarket that continues to see steady occupancy levels of 95% or above and limited new supply, creating high barriers to entry. The Downtown Reading Portfolio serves a deep and diverse tenant base within a submarket that continues to see steady occupancy levels of 95% or above and limited new supply, creating high barriers to entry • Located just off Penn Street, 17 and 19 South 3rd Street consist of two adjacent three-story brick buildings totaling 10 apartment units. Built around 1900 and well-maintained over the years, both properties feature stone and mortar foundations, wood joist framing, and flat rubber roofs replaced within the past five years. Tenants are responsible for heat, electricity, and gas for cooking, with water and hot water included in a flat monthly fee, minimizing ownership expenses and streamlining operations. Tenants are responsible for heat, electricity, and gas for cooking, with water and hot water included in a flat monthly fee, minimizing ownership expenses and streamlining operations • A few minutes north, 1259 North 10th Street is a mixed-use, three-story brick building totaling over 14,000 square feet and featuring 9 residential units and 1 ground-floor commercial space. Constructed in 1910, the property is equipped with electric baseboard heat, in-unit hot water heaters, and copper wiring. The roof, replaced within the last five to seven years, and a durable brick exterior contribute to the property’s longevity. The flexible layout and neighborhood location provide options for improved utilization of the commercial component and continued residential stability. The flexible layout and neighborhood location provide options for improved utilization of the commercial component and continued residential stability • Nearby, 831 North 10th Street encompasses 12 apartment units across three stories and 19,000± square feet. Built in 1890, the building retains its classic stone veneer and stucco façade while operating with a central steam boiler and gas-fired hot water system. Tenants pay for electricity and gas cooking, with ownership covering central heat, a setup that has helped sustain strong year-round occupancy. The large unit sizes and character details give the property a unique competitive edge in the local rental market. Together, these properties form a strong value-add portfolio with tangible upside potential for a new buyer. Current in-place rents, averaging between $990 and $1,200 per month, sit roughly 15% below comparable market levels, allowing for meaningful income growth through light renovations and more hands-on management. Their proximity supports shared maintenance, staffing, and operational efficiencies while maintaining flexibility across multiple tenant segments. In a market with strong occupancy fundamentals and limited new construction, the Downtown Reading Portfolio stands out as a well-balanced investment opportunity. With stable in-place income, clear rent growth potential, and properties positioned in resilient, workforce-driven neighborhoods, this Portfolio offers investors a compelling blend of stability and scalability within Berks County’s core rental corridor.
- Listed by Alex C Prince • TCS Management, LLCP: (215)-431-5652 alex@tcsmgt.com
Property Details for 1259 North 10th Street
Property Details for 1259 North 10th Street
| Status | Active |
|---|---|
| MLS # | PABK2069506 |
| Days on Market | 10 |
| Taxes | $8,090 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1910 |
| Lot Size | 0.08 AC / 3,484 SF |
| County | Berks County |
Location
Building Information for 1259 North 10th Street
Payment Calculator
$5,285 per month
30 year fixed, 6.11% Interest
$4,610
$674
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1Property Information for 1259 North 10th Street
- School District Name: READING
- School District County ID: 300200397169
- SchoolDistrictSource: Listing Agent
- High School: READING SENIOR (BERKS PA)
- County: BERKS
- MLS Area: Reading City (10201)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $179,500
- Year Assessed: 2025
- County Tax: $1,618
- Improvement Assessed Value: $156,100
- City Town Tax: $3,254
- Land Assessed Value: $23,400
- Clean Green Assessed: No
- Land Use Code: 4126
- Zoning: MIXED
- Tax Lot: 6248
- School Tax: $3,218
- Automatically Update Tax Values Y/N: No
- Single Room Units Count: 0
- One Bedroom Units Count: 7
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Unit Type Features: COMMERCIA SPACE
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Type: Unit 7
- Unit Type Occupied YN: No
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Type: Unit 5
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Type: Unit 4
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Type: Unit 6
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Unit Type Features: APT 1 AN 2 TOGETHER
- Type: Unit 8
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Type: Unit 9
- Unit Type Occupied YN: Yes
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Building Units Total: 4
- Total Finished SQFT: 3,485.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 3,485.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Roof: Flat
- Flooring Type: Fully Carpeted, Vinyl
- Foundation Details: Concrete Perimeter
- Lot Size Source: Estimated
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Estimated
- Type Of Parking: On Street
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Radiator
- Heating Fuel: Oil
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: 200+ Amp Service
- List Agent AOR: None chosen (Non-REALTOR/Stockholder)
Property History for 1259 North 10th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 17, 2026 | Listed (Active) BRIGHT #PABK2069506 | $950,000 | — |
| Feb 8, 2023 | Closed (Public Record) Public Record #1505870055 | $398,490 | -12.0% / yr |
| Sep 23, 2021 | Closed (Public Record) Public Record #1472642164 | $475,000 | +12.6% / yr |
| Dec 27, 2013 | Closed (Public Record) Public Record #409586234 | $189,500 | — |
| Dec 27, 2013 | Closed BRIGHT #1003577996 | $189,500 | — |
| Nov 5, 2013 | Pending BRIGHT #1003577996 | — | |
| Sep 6, 2013 | Listed (Active) BRIGHT #1003577996 | $239,900 | — |
| Mar 3, 2008 | Withdrawn BRIGHT #PABK301334 | $374,900 | — |
| Jul 22, 2007 | Listed (Active) BRIGHT #PABK301334 | $414,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/17/2026 | Listed (Active) BRIGHT #PABK2069506 | $950,000 |
| 02/08/2023 | Closed (Public Record) Public Record #1505870055 | $398,490 -12.0% / yr |
| 09/23/2021 | Closed (Public Record) Public Record #1472642164 | $475,000 +12.6% / yr |
| 12/27/2013 | Closed (Public Record) Public Record #409586234 | $189,500 |
| 12/27/2013 | Closed BRIGHT #1003577996 | $189,500 |
| 11/05/2013 | Pending BRIGHT #1003577996 | — |
| 09/06/2013 | Listed (Active) BRIGHT #1003577996 | $239,900 |
| 03/03/2008 | Withdrawn BRIGHT #PABK301334 | $374,900 |
| 07/22/2007 | Listed (Active) BRIGHT #PABK301334 | $414,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1259 North 10th Street
Schools near 1259 North 10th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 7 |
Rating | School | Distance |
|---|---|---|
Twelfth & Marion El School PublicPK to 4 | ||
Northeast 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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Listing Courtesy of TCS Management, LLC
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.