2732 Kutztown Road

Closed 2/7/25

Sold

Last Sold Price

$495,000

3,000 sqft

2732 Kutztown Rd, Reading, PA 19605

Multi FamilyProperty Type

0.27 acresLot Size

1930Year Built

$165/sq ftPrice per sq ft

16 carsParking Spaces

Description

7-units with large parking lot. Welcome to 2732 Kutztown Rd, a rare and extraordinary multi-unit investment property located in the heart of Muhlenberg Township. This incredible asset offers a unique combination of rental income steams with 4x Single room units and a one bedroom, living room and kitchenette unit all share 1 bathroom. The main level includes a 3 bedroom unit with central air, laundry, living room, modern kitchen with granite and all appliances and fully renovated full bathroom. Unit...7-units with large parking lot. Welcome to 2732 Kutztown Rd, a rare and extraordinary multi-unit investment property located in the heart of Muhlenberg Township. This incredible asset offers a unique combination of rental income steams with 4x Single room units and a one bedroom, living room and kitchenette unit all share 1 bathroom. The main level includes a 3 bedroom unit with central air, laundry, living room, modern kitchen with granite and all appliances and fully renovated full bathroom. Unit #7 is a lower level unit that includes 2 bedrooms, Living room, Kitchen with all appliances and a fully renovated full bathroom. All 5 units on the 2nd and 3rd floors are currently rented month-to-month. In addition there are 16 parking spaces in the parking lot, 8 spaces on the building side are for the tenants and 8 spaces on the street side are available to rent. Separate electric and separate water heaters for main floor and lower level units, and rooms. Owner pays electric and heat for room rentals and heat for 1st floor unit. Lower level has electric baseboard paid by tenant. Air Conditioning electric is paid by 1st floor tenant for unit #1. Public transportation, shops and restaurants. Opportunity to increase cash flow through rent increases and occupancy optimization. Diversified income streams reduce reliance on single tenants. Enormous long-term appreciation in property value. Contact us today to schedule a viewing and take the first step towards building your Real Estate portfolio.

Listed by: Jonathan Fabian 610.334.7444 fabiansellshomes@gmail.com • Iron Valley Real Estate of Berks

Listing closed: 02/07/2025 12:00 AM • Source: BRIGHT, MLS#: PABK2046090

Recent comparable sales

Median sold price

$364,900

Avg days on market

Sale-to-list ratio

96.8%

1/9

$399,999

Sold 06/16/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,673
Square Feet: 0.14
Acres

1701 North 15th Street, Reading, PA 19604

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$364,900

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Unavailable
Bedrooms: Unavailable
Bathrooms: 3,395
Square Feet: 0.16
Acres

3100 Kutztown Road, Reading, PA 19605

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$350,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: 3,481
Square Feet: 0.05
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433 Windsor Street, Reading, PA 19601

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Bedrooms: Unavailable
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Square Feet: 0.03
Acres

148 South 9th Street, Reading, PA 19602

a view of a white house with a large tree

1/26

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Unavailable
Bedrooms: Unavailable
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Square Feet: 0.51
Acres

2825 Kutztown Road, Reading, PA 19605

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$375,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: 3,216
Square Feet: 0.05
Acres

408 South 9th Street, Reading, PA 19602

1/16

$290,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: 3,379
Square Feet: 0.09
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738 North 3rd Street, Reading, PA 19601

1/23

$450,000

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Unavailable
Bedrooms: Unavailable
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Square Feet: 0.21
Acres

622 North 3rd Street, Reading, PA 19601

a view of a swimming pool with an outdoor seating

1/18

$310,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: 2,900
Square Feet: 0.04
Acres

346 North 6th Street, Reading, PA 19601

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Location

Listing Courtesy of Iron Valley Real Estate of Berks

Sold By Hostetter Realty

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$3,080 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,558

Property Taxes

$522

HOA Dues

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Property Information for 2732 Kutztown Road

Property Details

Taxes: $6,267 / year
MLS Type: Multi-Family / Fee Simple
County: Berks County
Tax ID Number: 66-5318-09-05-0068
Ownership: Fee Simple
Structure Type: Detached
Style: Traditional
Waterfront: No
Garage: No
Expected On Market Date: 07-25-2024
Municipality: MUHLENBERG TWP
Total Parking Spaces: 16
Central Air: Yes
Basement: Yes
Above Grade Finished SQFT: 2,250.00
Above Grade Fin SQFT Source: Estimated
Below Grade Finished SQFT: 750.00
Below Grade Fin SQFT Source: Estimated
Below Grade Unfinished SQFT: .00
Below Grade Unfin SQFT Source: Assessor
Total Below Grade SQFT: 750.00
Total Below Grade SQFT Source: Estimated
New Construction: No
Property Condition: Excellent

Building Information

Residences: 4
Year Built: 1930
Lot Size: 0.27 AC / 11,761 SF

Location

School District Name: MUHLENBERG
School District County ID: 300200397508

SchoolDistrictSource: Listing Agent
County: BERKS
MLS Area: Muhlenberg Twp (10266)

Waterfront / Water Access

Water View: No
Water Access: No

Water Oriented: No
Navigable Water: No
Tidal Water: No
Riparian Rights Y/N: No

Taxes and Assessment

Tax Year: 2024
Tax Assessed Value: $123,600

Year Assessed: 2024
County Tax: $1,031
Improvement Assessed Value: $62,400
City Town Tax: $705
Land Assessed Value: $61,200
Clean Green Assessed: No
Land Use Code: 4119
Zoning: MIXED RES/COMM
Tax Lot: 0068
School Tax: $4,531
Tax Page Number: 18
Automatically Update Tax Values Y/N: Yes
TaxDataUpdatedYN: No

Unit Information

Single Room Units Count: 5
One Bedroom Units Count: 0

Two Bedroom Units Count: 1
Three Bedroom Units Count: 1
Units Leased Count: 7
Number Of Units Month To Month: 5

Financial Information

Annual Rental Income: $63,000
Cap Rate: 8.40

Building Info

Year Major Reno Remodel: 2024
Building Level Count: 4

Building Units Total: 4
Total Finished SQFT: 3,000.00
Total Finished SQFT Source: Estimated
Tax Total Finished SQFT: .00
Total SQFT: 3,000.00
Total SQFT Source: Estimated
Construction Materials: Brick, Vinyl Siding
Roof: Architectural Shingle
Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8032/4181/7164/803241817164_512_384_WM_HK8AtV2qPdVHH-M9.jpg
Basement Type: Fully Finished, Heated
Foundation Details: Stone
Other Structure: Above Grade, Below Grade

Lot / Land Information

Lot Size Source: Assessor
Lot Size Dimensions: 0.00 x 0.00

Lot Dimensions Source: Assessor
Parcel ID: 1547415

Parking

Type Of Parking: Parking Lot
Parking Lot - # of Spaces: 16

Parking Features: Paved Parking

Interior Features

Fireplace: No
Accessibility Features: None

Exterior Features

Pool: No Pool

Utilities

Heating: Yes
Cooling Type: Central A/C, Window Unit(s)

Cooling Fuel: Electric
Heating Type: Hot Water, Baseboard - Electric
Heating Fuel: Natural Gas, Electric
Hot Water: Electric
Water Source: Public
Sewer Septic: Public Sewer

Confidential Data

Listing Office

List Agent AOR: Tri-County Suburban REALTORS
List Agent URL: https://jfabian.ironvalleyrealestate.com/

Property History for 2732 Kutztown Road

Date	Event & Source	Price	Appreciation
Feb 7, 2025	Closed (Public Record) Public Record #1550886984	$495,000	+79.2% / yr
Feb 7, 2025	Closed BRIGHT #PABK2046090	$495,000	—
Dec 6, 2024	Pending BRIGHT #PABK2046090		—
Dec 2, 2024	Listed (Active) BRIGHT #PABK2046090		—
Nov 30, 2024	Expired BRIGHT #PABK2046090		—
Nov 17, 2024	Listed (Active) BRIGHT #PABK2046090		—
Nov 15, 2024	Temp Off Market BRIGHT #PABK2046090		—
Nov 13, 2024	Withdrawn BRIGHT #PABK2046090		—
Sep 17, 2024	Pending BRIGHT #PABK2046090		—
Sep 4, 2024	Price Change BRIGHT #PABK2046090	$535,000	—
Jul 25, 2024	Listed (Active) BRIGHT #PABK2046090	$575,000	—
Feb 5, 2024	Closed (Public Record) Public Record #1527007390	$275,000	—

Date	Event & Source	Price
02/07/2025	Closed (Public Record) Public Record #1550886984	$495,000 +79.2% / yr
02/07/2025	Closed BRIGHT #PABK2046090	$495,000
12/06/2024	Pending BRIGHT #PABK2046090	—
12/02/2024	Listed (Active) BRIGHT #PABK2046090	—
11/30/2024	Expired BRIGHT #PABK2046090	—
11/17/2024	Listed (Active) BRIGHT #PABK2046090	—
11/15/2024	Temp Off Market BRIGHT #PABK2046090	—
11/13/2024	Withdrawn BRIGHT #PABK2046090	—
09/17/2024	Pending BRIGHT #PABK2046090	—
09/04/2024	Price Change BRIGHT #PABK2046090	$535,000
07/25/2024	Listed (Active) BRIGHT #PABK2046090	$575,000
02/05/2024	Closed (Public Record) Public Record #1527007390	$275,000

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

Public Records for 2732 Kutztown Road

Taxable ValueLand$61,200Additions$62,400Total$123,600

Tax Record2026$1,856 ($155 / month)

Home Facts

Total Finished SqFt4,480 SqFtAbove Grade Finished SqFt4,480 SqFtStories2Lot Size11,761 SqFtStyleOffice BuildingYear Built1920CountyBERKSAPN66531809050068

Schools near 2732 Kutztown Road

This home is within Muhlenberg School District.


Rating	School	Type	Grades	Distance
3/10	Muhlenberg El Center	Public - Serves this home	K to 3	1.3 mi
4/10	C E Cole Intermediate School	Public - Serves this home	4 to 6	1.1 mi
3/10	Muhlenberg Middle School	Public - Serves this home	7 to 9	0.9 mi
3/10	Muhlenberg High School	Public - Serves this home	10 to 12	1.3 mi
NR	Holy Guardian Angels Regional School	Private - Nearby school	PK to 8	0.5 mi


Rating	School	Distance
3/10	Muhlenberg El Center PublicK to 3 Serves this home	1.3 mi
4/10	C E Cole Intermediate School Public4 to 6 Serves this home	1.1 mi
3/10	Muhlenberg Middle School Public7 to 9 Serves this home	0.9 mi
3/10	Muhlenberg High School Public10 to 12 Serves this home	1.3 mi
NR	Holy Guardian Angels Regional School PrivatePK to 8 Nearby school	0.5 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 2732 Kutztown Road, Reading, PA 19605	$495,000	–	–	3,000	11,761
2728 Kutztown Road, Reading, PA 19605	$315,000	9	3	2,298	10,890
2731 Kutztown Road, Reading, PA 19605	$237,500	6	2	2,126	4,356
2729 Kutztown Road, Reading, PA 19605	–	5	1	2,222	6,970
2733 Kutztown Road, Reading, PA 19605	$131,000	4	2	1,569	2,178
2735 Kutztown Road, Reading, PA 19605	–	4	1	1,472	3,485
11 Pennsylvania Avenue, Unit 1, Reading, PA 19605	$77,500	3	1	–	4,791
11 Pennsylvania Avenue, Reading, PA 19605	$110,000	3	1	1,626	4,792
13 Pennsylvania Avenue, Reading, PA 19605	$110,000	3	2	1,214	3,920
116 Lafayette Street, Reading, PA 19605	$172,000	–	–	3,100	10,454
2738 Kutztown Road, Reading, PA 19605	$117,000	–	–	–	10,018
2727 Kutztown Road, Reading, PA 19605	$135,000	4	2	1,801	5,227
101 Lafayette Street, Reading, PA 19605	$224,900	3	2	1,424	3,484
103 Lafayette Street, Reading, PA 19605	$118,500	3	2	1,520	3,485
107 Lafayette Street, Reading, PA 19605	$205,000	3	2	1,424	3,484
109 Lafayette Street, Reading, PA 19605	$92,500	3	1	1,424	3,485

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Iron Valley Real Estate of Berks

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.

Reading, PA

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