1500 Centre Avenue

Reading PA 19601

3030 sq. ft.

1742 sq. ft.

Duplex

Last sold for $455,000

Shawn Krause, last sold this property on 25 July 2025 after 63 days on market.

Overview

Investor Special! Welcome to 1500 Centre Ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don’t miss your chance to add this strong performer to your portfolio. Schedule your private tour today!

Features

3 bedrooms

2 carspaces

2 garage spaces

3030 sq. ft. floor area

1742 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 3 bedroom duplexes sold in Reading over the last 12 months, the estimated median property value of 1500 Centre Avenue is $246.95k.

Median value

$246.95k

Estimated value range

$170k - $455k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Reading. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1500 Centre Avenue

2025

Sold

$455,000

25 Jul 2025 by Shawn Krause, of KW Empower

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.