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Approved 18-Unit Apartment Project
For Sale
$450,000

416418420 WALNUT STREET, Reading, PA 19601

Fully approved multifamily project positioned on a corner lot in Reading, Pennsylvania.

Property Size9,129 SF
Price / SF$49.29
Days on Market127

Property Features for 416418420 WALNUT STREET

General Information

Standard status Active
Size 9,129 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 18

Taxes and HOA fees

Annual Taxes $1,228

Amenities

3
Other, Wood
Flat, Composition Shingle, Rubber, Pitched
Corner Lot.
No Parking.
Corner.

Building Details

Year Built 1900
Listing Agency: Light House Realtors, LLC
Listed By: Jorge Diaz
Source: Xome
Added: Apr 29 Changed: Aug 31 Last Checked: Sep 1 at 2:44PM

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 Light House Realtors, LLC

Investment Insights

Based on property information with market context.

This fully approved multifamily project comprises an 18-unit apartment building totaling 9,129 square feet. The property dates to 1900 and is configured for a substantial residential redevelopment or completion project. Interior finishes are identified as wood, while the roof configuration includes flat, pitched, composition shingle, and rubber components.

The property occupies a corner lot at 416-418-420 Walnut Street in Reading, Pennsylvania. No on-site parking is provided. The approved unit count and existing building footprint offer a defined framework for continued multifamily planning within the city.

Key Highlights

  • Fully approved 18‑unit multifamily project
  • 9,129‑square‑foot apartment building
  • Located at 416‑418‑420 Walnut Street in Reading, PA 19601

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

2,346
Businesses Nearby

Demographics for 19601, PA

35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully approved multifamily project positioned on a corner lot in Reading, Pennsylvania.
Where is this apartment building located?
The property is located at 416418420 WALNUT STREET Reading, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully approved 18‑unit multifamily project; 9,129‑square‑foot apartment building; Located at 416‑418‑420 Walnut Street in Reading, PA 19601
More about this property
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