1601 MINERAL SPRING Road Reading, PA 19602

Building Details

Year built

1910

Number of units

3

Building materials

Brick

Architectural style

Colonial

Listing Agency Iron Valley Real Estate of Berks c***@ironvalleyrealestateofberks.com Show Phone

50 Berkshire Court unit: 200, Wyomissing, PA

Listed by John H Gantkowski Jr. · License #rs299403 Show Phone

Added: Apr 10 Checked: Jul 18 at 4:06 am

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MLS# PABK2070500 Listing URL

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This six-unit apartment building includes six two-bedroom, one-bath units. The property is described as having multiple updates already completed, with a newer roof, updated mechanical systems, and efficient gas furnaces intended to support dependable day-to-day operations. Current tenant responsibilities include heat, electricity, and hot water, helping keep owner expenses limited to water, sewer, and trash.

The offering includes 1601 Mineral Spring Road, 1603 Mineral Spring Road, and 1601 Rear Mineral Spring. The rear parcel functions as a dedicated off-street parking lot with space for approximately twelve vehicles.

For investors seeking a straightforward multifamily structure, this configuration offers multiple units within a single package and includes on-site parking capacity for tenant use. The expense split noted in the remarks may also be attractive to buyers looking for a more predictable operating profile, with utilities and hot water assigned to tenants and key building systems described as recently updated. Please ensure all parcel IDs are included in any agreement of sale.

Key Highlights

• Strong cash flow and long‑term upside potential as a six‑unit investment property.
• Dedicated off‑street parking lot with space for approximately twelve vehicles.
• Tenants responsible for heat, electric, and hot water, minimizing owner expenses.

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FAQs

What type of property is this?

Apartment building - Six updated two-bedroom, one-bath units with efficient gas heating and dedicated off-street parking for about 12 vehicles.

Where is this apartment building located?

The property is located at 1601 MINERAL SPRING Road Reading, PA.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Strong cash flow and long‑term upside potential as a six‑unit investment property.; Dedicated off‑street parking lot with space for approximately twelve vehicles.; Tenants responsible for heat, electric, and hot water, minimizing owner expenses.