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    1049 Penn St Reading, PA 19601

    For Sale
    $950,000

    MULTI_FAMILY - Other - READING, PA

    Property size:
    6,500 SF
    Lot size:
    0.06 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 1049 Penn St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Size
    6,500 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Brick, Stone
    Architectural style
    Other

    Keller Williams Platinum Realty (610) 898-1441 [email protected]

    Listing agent Zylkia R Rivera (610) 898-1441 License #RS337559

    Listing date Oct 12, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property Facing City Park

    This four-unit mixed-use property is situated in a prime, high-traffic corner location facing a city park. The building features one spacious unit per floor, including a ground-floor commercial space and three large residential apartments, each with unique charm and character. The property benefits from its high-visibility corner location directly across from the park, offering scenic park and city views. It provides excellent accessibility with easy access to public transportation and foot traffic, making it suitable for both residential and commercial use. The units are well-maintained and feature high ceilings, hardwood floors, and abundant natural light. Original architectural features and rear sun porches add elegance and light to each apartment. The property's long-term commercial tenant ensures stable income. This versatile property is suited for investors seeking strong rental income or owner-occupants looking to live and invest in a vibrant area. It is a corner detached property with high curb appeal and excellent growth potential, situated on a lot of approximately 0.06 acres with a property size of 6500 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.91635
    Latitude
    40.33536

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    FAQs

    What type of property is this?
    Mixed-use property - Four-unit mixed-use property in high-traffic location across from park.
    Where is this mixed-use property located?
    The property is located at 1049 Penn St Reading, PA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime corner location directly across from City Park with scenic views.; - 4-unit mixed-use property (1 commercial, 3 residential) offering diverse income streams.; - Stable income from long-term commercial tenant.
    (610) 898-1441
    Request Owner's contact information
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    Reading, PA 19601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1049 Penn St Reading, PA 19601
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