22 days on rocket

401 Walnut St, Reading, PA, 19601

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
11,000 SqFt
$114/SqFt
House

Location

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401 Walnut St, Reading$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingOn Street
Year Built1880
HeatingOther
CoolingNone
BasementYes
MLS #PABK2051414
Lot Size0.11 Acres
StatusActive
(ACTIVE)

About 401 Walnut St

Prime Commercial Investment Opportunity in Reading City This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this versatile 3-building corner property offers significant potential. The asset includes 12 residential units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was previously a Laundromat. Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for water, sewer, property taxes, and trash removal. While the property requires some TLC, it offers great upside potential for the right investor. Showings are available to qualified buyers only, ensuring a smooth and efficient transaction. This property presents a rare combination of residential, commercial, and storage spaces in a prime location—don’t miss out on this exceptional investment opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1880
  • Living Area: 11,000 SqFt

Listing Office:

  • Office Name: Pagoda Realty
  • Office Phone: (610) 985-7700
  • Listing Agent: John H Gantkowski Jr.

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Other

Directions Information:

  • Directions: 3rd to walnut

Municipality:

  • Reading City

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $8,345
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Reading, PA.

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Reading, PA

City

Med. Sold Price

$249.5K

Med. Price/SqFt

$150

Avg. Days On Market

20

# of Sold Homes

170

401 Walnut St vs Reading

22 DAYS ON ROCKET

+2 Days

$1,250,000

+$1.0M More

$114/SqFt

-$37 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $37/SqFt less than other homes in Reading, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PABK2051414

Listing Office:

  • Office Name: Pagoda Realty
  • Office Phone: (610) 985-7700
  • Listing Agent: John H Gantkowski Jr.

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 22, 2018Home Sold
$250,000
Aug 18, 2010Home Sold
$175,000
Aug 08, 2006Home Sold
$400,000
Jul 14, 2004Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,345$190,900
2020$8,261$190,900
2019$8,261$190,900
2018$8,261$190,900
2017$8,207$190,900

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4361979
6
/10

  • Lauer's Park Elementary School

  • 251 N 2nd St

  • 0.19 miles

  • Public District Grades PK-4

school-card-donut-4361980
2
/10

  • Tyson-Schoener Elementary School

  • 315 S 5th St

  • 0.61 miles

  • Public District Grades PK-4

school-card-donut-4361981
4
/10

  • 10th and Penn Elementary School

  • 955 Penn St

  • 0.62 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,071. The majority of Reading, PA residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 401 Walnut St

What is the listing price of this property?

The listing price of 401 Walnut St property is $1,250,000.

What type of property is this?

The property 401 Walnut St is a house located in Reading, Pennsylvania, 19601.

Is this property for sale now?

Active Listing: 401 Walnut St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,345 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 22, 2018 for $250,000. (source: MLS/tax record).

What is the square footage of this property?

The property 401 Walnut St is 11,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 401 Walnut St is 1880.

Rocket Homes›Pennsylvania›Berks County›Reading›19601›401 Walnut St

This home is located at 401 Walnut St in Reading, PA and zip code 19601 in the Northwest Reading neighborhood. This 11,000 square foot home, which was built in 1880, sits on a 0.11 acre lot. It has been listed on Rocket Homes since November 25, 2024 and is currently priced at $1,250,000.

In November 2024 more than 90 listings in Reading, PA were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 48 were sold below. Between October 2024 and November 2024, Reading, PA real estate market has seen decrease in the number of listings by 10.3%. While the average time on the market in November 2024 was 20 days, the median list price was $249,546.

From Rocket Homes Real Estate and based on county public records data.

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