1550 Perkiomen Ave

Reading PA 19602

1629 sq. ft.

3049 sq. ft.

Duplex

Last sold for $254,000

Nelson Gamez, last sold this property on 10 July 2026 after 37 days on market.

Overview

Here’s a more polished, investor-focused version that highlights the income potential and owner-occupant opportunity: Turnkey 2 unit investment property offering immediate cash flow and strong rental history. Both tenants pay their own heat and hot water, helping keep operating expenses low. Additional features include laundry facilities in the basement and 2 off street parking spaces. Unit 1 (First Floor): 1 Bedroom, 1 Full Bath, currently rented for $1,000 per month. Unit 2 (Second & Third Floors): 3 Bedrooms, 1 Full Bath, currently rented for $1,400 per month to a long term tenant. Generating a gross annual income of $28,800, this property presents an excellent opportunity for investors seeking steady cash flow and solid returns. It is also a great option for an owner occupant looking to offset their mortgage with rental income. Whether you're expanding your portfolio or purchasing your first investment property, this well maintained duplex is one you won't want to miss.

Features

4 bedrooms

2 carspaces

1629 sq. ft. floor area

3049 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Reading over the last 12 months, the estimated median property value of 1550 Perkiomen Ave is $269k.

Median value

$269k

Estimated value range

$250k - $390k

Median days on market

Estimated value trend

36%

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 1550 Perkiomen Ave

2026

Sold

$254,000

10 Jul 2026 by Nelson Gamez, of Realty One Group Alliance

2020

Sold

$130,000

04 Dec 2020 by Brian Hartman, of Iron Valley Real Estate of Berks

2018

Sold

$45,000

28 Feb 2018 by Ed & Teri Lutz/Freeman

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.