1361 Perkiomen Ave

Reading PA 19602

4750 sq. ft.

Multi-Family

Last sold for $450,000

Naomi Brown, last sold this property on 23 February 2026 after 187 days on market.

Overview

Don’t miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area. This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 1.5 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water.

Features

6 bedrooms

4750 sq. ft. floor area

Multi-Family

Estimated Value

We need at least 3 similar 6 bedroom multi families sold in Reading over the last 12 months.

Property history for 1361 Perkiomen Ave

2026

Sold

$450,000

23 Feb 2026 by Naomi Brown, of Prosper Commercial Real Estate LLC

2020

Sold

$275,000

17 Aug 2020 by Anthony Borelli, of Century 21 Gold

Happy sellers in Reading

We have insufficient information to provide an overview of customer satisfaction for Reading. Viewing the agent profiles, reviews and sales for Reading can provide insights for this location.