400 Spring Street

Closed 5/31/23

Sold

Last Sold Price

$360,000

6 beds4 baths4,108 sqft$88/sqft

400 Spring St, Reading, PA 19601

Multi FamilyProperty Type

1,742 sq ftLot Size

1900Year Built

$88/sq ftPrice per sq ft

1 carParking Spaces

Description

Fully rented 4 unit ready for a new owner. First and second floors units are both 1 bedroom apartments but could both be used as two bedrooms. Third floor is a 2 bedroom unit. Garage is currently rented by second floor tenant. Tenants pay electric. One High Efficiency Gas Boiler heat building and domestic hot water. Great income producer!Fully rented 4 unit ready for a new owner. First and second floors units are both 1 bedroom apartments but could both be used as two bedrooms. Third floor is a 2 bedroom unit. Garage is currently rented by second floor tenant. Tenants pay electric. One High Efficiency Gas Boiler heat building and domestic hot water. Great income producer!

Listing closed: 05/31/2023 12:00 AM • Source: BRIGHT, MLS#: PABK2029008

Recent comparable sales

Median sold price

$313,600

Avg days on market

Sale-to-list ratio

96.7%

1/31

$325,000

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Bedrooms: 5
Bathrooms: 4,183
Square Feet: 0.42
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Bedrooms: 4
Bathrooms: 3,135
Square Feet: 0.06
Acres

1350 North Front Street, Reading, PA 19601

1/38

$306,000

Sold 03/13/26

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Bedrooms: 3
Bathrooms: 3,000
Square Feet: 0.02
Acres

532 Washington Street, Reading, PA 19601

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Sold 12/18/24

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Bedrooms: 4
Bathrooms: 6,100
Square Feet: 0.05
Acres

248 North 9th Street, Reading, PA 19601

1/2

$377,000

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Bedrooms: 4
Bathrooms: 3,500
Square Feet: 0.2
Acres

210 North Monroe Street, Reading, NY 14891

1/17

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6
Bedrooms: 3
Bathrooms: 2,582
Square Feet: 0.04
Acres

38 North 11th Street, Reading, PA 19601

1/51

$361,000

Sold 01/06/25

5
Bedrooms: 4
Bathrooms: 2,784
Square Feet: 0.05
Acres

232 South 3rd Street, Reading, PA 19602

1/26

$295,000

Sold 08/22/25

6
Bedrooms: 3
Bathrooms: 2,422
Square Feet: 0.02
Acres

113 South 8th Street, Reading, PA 19602

1/5

$285,000

Sold 04/23/25

6
Bedrooms: 3
Bathrooms: 2,928
Square Feet: 0.06
Acres

32 South 11th Street, Reading, PA 19602

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Property Information for 400 Spring Street

Property Details

Taxes: $2,282 / year
MLS Type: Multi-Family / Fee Simple
County: Berks County
Tax ID Number: 14-5307-50-75-3645
Ownership: Fee Simple
Structure Type: End of Row/Townhouse
Style: Traditional
Waterfront: No
Views: City
Garage: Yes
Cross Street: N 4th Street
Municipality: READING CITY
Total Parking Spaces: 1
Central Air: No
Basement: Yes
Above Grade Finished SQFT: 3,608.00
Above Grade Fin SQFT Source: Estimated
Below Grade Finished SQFT: 500.00
Below Grade Fin SQFT Source: Estimated
Below Grade Unfinished SQFT: .00
Below Grade Unfin SQFT Source: Assessor
Total Below Grade SQFT: 500.00
Total Below Grade SQFT Source: Estimated
New Construction: No
Property Condition: Very Good
Garage SQFT: 150

Building Information

Residences: 4
Year Built: 1900
Lot Size: 0.04 AC / 1,742 SF

Location

Transportation: Bus Stop less than 1 mile
School District Name: READING

School District County ID: 300200397169
SchoolDistrictSource: Listing Agent
County: BERKS
MLS Area: Reading City (10201)

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: 2022
Tax Assessed Value: $52,200

Year Assessed: 2023
County Tax: $400
Improvement Assessed Value: $34,200
City Town Tax: $946
Land Assessed Value: $18,000
Clean Green Assessed: No
Land Use Code: 4200
Zoning: RES
Tax Lot: 3645
School Tax: $936
Automatically Update Tax Values Y/N: Yes

Lease Information

Owner Pays: Gas, Sewer, Trash Collection, Water, Taxes - Real Estate
Concessions: No

Unit Information

Single Room Units Count: 0
One Bedroom Units Count: 3

Two Bedroom Units Count: 1
Three Bedroom Units Count: 0
Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Units Leased Count: 5
Number Of Units Vacant: 0
Vacancy Allowance Rate: .00%
Number Of Units Month To Month: 4
Rent Control: No

Multi Family

Unit 1

Type: Unit 1
Unit Type Occupied YN: Yes

Level: 0
Unit Type Lease Type: Month to Month
Beds Total: 1
Full Baths Count: 1
Unit Type Features: Below first floor but street-level entrance - was a business prior to legal conversion.

Unit 2

Type: Unit 2
Unit Type Occupied YN: Yes

Level: 1
Unit Type Lease Type: Month to Month
Beds Total: 2
Full Baths Count: 1
Unit Type Features: One bedroom currently used as work area for making art crafts but is a private room

Unit 3

Type: Unit 3
Unit Type Occupied YN: Yes

Level: 2
Unit Type Lease Type: Month to Month
Beds Total: 1
Full Baths Count: 1
Unit Type Features: Rent of 940 includes Garage. Tenant also does snow removal. Very large one bedroom but could be changed to 2 bedrooms.

Unit 4

Type: Unit 4
Unit Type Occupied YN: Yes

Level: 3
Unit Type Lease Type: Yearly
Beds Total: 2
Full Baths Count: 1

Unit 5

Type: Unit 5
Unit Type Occupied YN: Yes

Level: 1
Unit Type Lease Type: Gross
Beds Total: 0
Half Baths Count: 0
Full Baths Count: 0
Unit Type Features: Garage - rented by tenant on second floor
Total Rooms: 1

Financial Information

Expenses

Operating Expense: $9,500
Operating Expense Includes: Insurance, Trash

Insurance Expense: $2,400
Water Avg Month: $40
Water Prev 12 Months: $480
Gas Avg Month: $183
Gas Prev 12 Months: $2,200

Financial Information

Gross Income: $42,780
Net Operating Income: $36,300

Annual Rental Income: $42,300
Income Includes: Apartment Rentals
Cap Rate: 8.76
Existing Lease Type: Month to Month

Building Info

Building Level Count: 4
Building Units Total: 4

Total Finished SQFT: 4,108.00
Total Finished SQFT Source: Estimated
Tax Total Finished SQFT: .00
Total SQFT: 4,108.00
Total SQFT Source: Estimated
Construction Materials: Brick
Roof: Architectural Shingle
Ext Main Mid-res: http://bright-media02.prd.brightmls.com/bright/images/0000/8022/8448/4640/802284484640_512_384_WM_qQUe4xSEjSVusuFv.jpg
Basement Type: Daylight, Partial, Heated, Improved, Outside Entrance, Partially Finished, Poured Concrete, Side Entrance, Walkout Level, Windows, Interior Access
Foundation Details: Stone, Permanent

Lot / Land Information

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

Lot Dimensions Source: Assessor
Lot Features: Corner, Private
Road Surface Type: Black Top
Road Responsibility: City/County
Location Type: Corner Lot/Unit
Parcel ID: 1453845

Parking

Type Of Parking: Attached Garage
Num of Attached Garage Spaces: 1

Total Garage Spaces: 1
Parking Features: Unassigned
Garage Features: Garage - Side Entry

Interior Features

Fireplace: No
Fireplaces Count: 0

Appliances: Oven/Range - Electric, Refrigerator
Accessibility Features: None
Security Features: Surveillance Sys, Exterior Cameras, 24 hour security

Exterior Features

Exterior Features: Exterior Lighting, Fire Escape, Gutter System, Sidewalks, Street Lights
Outdoor Living Structures: Balconies- Multiple, Roof

Pool: No Pool
Other Structures: Above Grade, Below Grade

Utilities

Heating: Yes
Cooling Type: None

Cooling Fuel: None
Heating Type: Radiator
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 400 Spring Street

Date	Event & Source	Price	Appreciation
May 31, 2023	Closed (Public Record) Public Record #1512342198	$360,000	+6.5% / yr
May 31, 2023	Closed BRIGHT #PABK2029008	$360,000	—
May 2, 2023	Pending BRIGHT #PABK2029008		—
May 1, 2023	Temp Off Market BRIGHT #PABK2029008		—
May 1, 2023	Pending BRIGHT #PABK2029008		—
Apr 19, 2023	Listed (Active) BRIGHT #PABK2029008	$380,000	—
May 28, 2009	Closed (Public Record) Public Record #272005698	$148,700	+1.9% / yr
May 28, 2009	Closed BRIGHT #1005193946	$148,700	—
Apr 23, 2009	Pending BRIGHT #1005193946		—
Mar 23, 2009	Listed (Active) BRIGHT #1005193946	$149,000	—
Dec 31, 2008	Expired BRIGHT #1006379658	$159,900	—
Jun 23, 2008	Listed (Active) BRIGHT #1006379658	$162,000	—
Jun 4, 2008	Expired BRIGHT #PABK300998	$167,500	—
Aug 7, 2007	Listed (Active) BRIGHT #PABK300998	$187,500	—
Jul 18, 2007	Expired BRIGHT #PABK283658	$189,900	—
Feb 7, 2007	Listed (Active) BRIGHT #PABK283658	$189,900	—
Feb 28, 2006	Closed (Public Record) Public Record #244129738	$140,000	—
Feb 28, 2006	Closed BRIGHT #PABK118226	$140,000	—
Jan 28, 2006	Pending BRIGHT #PABK118226		—
Jan 27, 2006	Listed (Active) BRIGHT #PABK118226	$149,900	—
Nov 12, 1997	Closed BRIGHT #PABK230420	$70,000	—
Oct 2, 1997	Pending BRIGHT #PABK230420		—
May 20, 1997	Listed (Active) BRIGHT #PABK230420	$84,000	—

Date	Event & Source	Price
05/31/2023	Closed (Public Record) Public Record #1512342198	$360,000 +6.5% / yr
05/31/2023	Closed BRIGHT #PABK2029008	$360,000
05/02/2023	Pending BRIGHT #PABK2029008	—
05/01/2023	Temp Off Market BRIGHT #PABK2029008	—
05/01/2023	Pending BRIGHT #PABK2029008	—
04/19/2023	Listed (Active) BRIGHT #PABK2029008	$380,000
05/28/2009	Closed (Public Record) Public Record #272005698	$148,700 +1.9% / yr
05/28/2009	Closed BRIGHT #1005193946	$148,700
04/23/2009	Pending BRIGHT #1005193946	—
03/23/2009	Listed (Active) BRIGHT #1005193946	$149,000
12/31/2008	Expired BRIGHT #1006379658	$159,900
06/23/2008	Listed (Active) BRIGHT #1006379658	$162,000
06/04/2008	Expired BRIGHT #PABK300998	$167,500
08/07/2007	Listed (Active) BRIGHT #PABK300998	$187,500
07/18/2007	Expired BRIGHT #PABK283658	$189,900
02/07/2007	Listed (Active) BRIGHT #PABK283658	$189,900
02/28/2006	Closed (Public Record) Public Record #244129738	$140,000
02/28/2006	Closed BRIGHT #PABK118226	$140,000
01/28/2006	Pending BRIGHT #PABK118226	—
01/27/2006	Listed (Active) BRIGHT #PABK118226	$149,900
11/12/1997	Closed BRIGHT #PABK230420	$70,000
10/02/1997	Pending BRIGHT #PABK230420	—
05/20/1997	Listed (Active) BRIGHT #PABK230420	$84,000

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

Public Records for 400 Spring Street

Taxable ValueLand$18,000Additions$107,600Total$125,600

Tax Record2026$3,546 ($295 / month)

Home Facts

Total Finished SqFt3,608 SqFtAbove Grade Finished SqFt3,608 SqFtStories3Lot Size1,742 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyBERKSAPN14530750753645

Schools near 400 Spring Street

This home is within Reading School District.


Rating	School	Type	Grades	Distance
2/10	Riverside El School	Public - Serves this home	PK to 4	0.5 mi
3/10	Northwest Middle School	Public - Serves this home	5 to 8	0.3 mi
1/10	Reading Senior High School	Public - Serves this home	9 to 12	1.0 mi
NR	Chor Day Academy	Private - Nearby school	1 to 12	0.5 mi
NR	St Margaret School	Private - Nearby school	PK to 8	0.2 mi


Rating	School	Distance
2/10	Riverside El School PublicPK to 4 Serves this home	0.5 mi
3/10	Northwest Middle School Public5 to 8 Serves this home	0.3 mi
1/10	Reading Senior High School Public9 to 12 Serves this home	1.0 mi
NR	Chor Day Academy Private1 to 12 Nearby school	0.5 mi
NR	St Margaret School PrivatePK to 8 Nearby school	0.2 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: 400 Spring Street, Reading, PA 19601	$360,000	6	4	4,108	1,742
402 Spring Street, Reading, PA 19601	$145,000	4	2	2,330	1,742
947 North 4th Street, Reading, PA 19601	$71,000	5	2	3,000	2,613
406 Spring Street, Reading, PA 19601	–	5	2	2,264	1,742
945 North 4th Street, Reading, PA 19601	$103,000	5	4	2,846	3,920
408 Spring Street, Reading, PA 19601	–	5	2	2,280	1,742
356 Spring Street, Reading, PA 19601	$108,000	5	1	2,522	1,742
941 North 4th Street, Reading, PA 19601	$69,900	5	3	–	3,484
354 Spring Street, Reading, PA 19601	$106,500	–	–	2,522	1,742
942 North 4th Street, Reading, PA 19601	$115,000	–	–	2,832	2,178
937 North 4th Street, Reading, PA 19601	$254,000	5	3	2,604	3,484
352 Spring Street, Reading, PA 19601	$187,000	6	3	2,522	1,742
418 Spring Street, Reading, PA 19601	$190,000	6	2	2,444	1,742
401 Spring Street, Reading, PA 19601	$245,000	–	–	2,554	1,742
403 Spring Street, Reading, PA 19601	$32,500	5	1	2,003	1,742
405 Spring Street, Reading, PA 19601	$120,000	4	2	1,941	1,742

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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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