Six-Unit Apartment Building with
For Sale
$575,000
1601 Mineral Spring Rd, Reading, PA 19602
Multifamily property with updated systems, dedicated off-street parking, and tenant-paid heat, electric, and hot water.
Property Size6,775 SF
Price / SF$84.87
Days on Market16
Property Features for 1601 Mineral Spring Rd
General Information
Standard status
Active
Size
6,775 SF
Total Parking Spaces
12
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Building Details
Year Built
1910
Listing Agency:
Iron Valley Real Estate of Berks
(610) 780-3024
Listed By:
John H Gantkowski Jr. · License #rs299403
Source:
Jennysoldmine
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 28 at 9:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Estate of Berks
Investment Insights
Based on property information with market context.
This multifamily offering includes three parcels at 1601 Mineral Spring Road, 1603 Mineral Spring Road, and 1601 Rear Mineral Spring in Reading, Pennsylvania. The property contains six two-bedroom, one-bath apartments totaling 6,775 square feet. The rear parcel operates as a dedicated off-street parking area. Building improvements include a newer roof, updated mechanical systems, and gas furnaces. The property was built in 1910.
Tenants are responsible for heat, electric, and hot water, while ownership pays water, sewer, and trash. The combination of apartment configuration, dedicated parking, and recent building-system updates provides a defined physical profile for multifamily ownership.
Tenants are responsible for heat, electric, and hot water, while ownership pays water, sewer, and trash. The combination of apartment configuration, dedicated parking, and recent building-system updates provides a defined physical profile for multifamily ownership.
Key Highlights
- Six two‑bedroom, one‑bath apartment units
- 6,775 square feet across three parcels
- Dedicated off‑street parking for approximately twelve vehicles
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 19602, PA
19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with updated systems, dedicated off-street parking, and tenant-paid heat, electric, and hot water.
Where is this apartment building located?
The property is located at 1601 Mineral Spring Rd 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: Six two‑bedroom, one‑bath apartment units; 6,775 square feet across three parcels; Dedicated off‑street parking for approximately twelve vehicles
