NookLocal
For Sale1 of 20

Listing description

Excellent investment opportunity! Multi-Family with three residential units. The property features a tenant-occupied 1-bedroom unit currently rented for $800/month, with the tenant paying electric heat, hot water, and electric stove. The rear studio unit is vacant, recently updated, and has a projected rent of approximately $1,100/month. The spacious vacant 2-bedroom second-floor unit offers gas boiler heat and electric hot water. The property includes four separate utility meters, providing ease of management and tenant utility responsibility. Ideal for investors or owner-occupants looking to generate strong rental income. Schedule a showing!

Facts & features

Interior

Bedrooms
4
Bathrooms
3 full
Living area
1,355 sq ft
Heating
Forced Air
Cooling
None

Property & construction

Property type
Residential · Interior Row/Townhouse
Architectural style
Other
Year built
1900

Lot & parking

Lot size
0.03 acres (1,306 sq ft)

Financial

Price / sq ft
$236
HOA dues
None

Listing details

MLS #
PABK2073908
County
Berks County
School district
Reading
Days on market
15 days

Price history

DateEventPrice
Jul 3, 2026Price reduced$319,900
Jun 19, 2026Listed for sale$324,500

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

The NookLocal estimate

Estimated value

$215,004

Medium confidence
$169,248$257,541

Automated estimate, not an appraisal.

About this estimate

Based on 10 comparable sales nearby, the Berks County assessment ratio, weighted toward the current asking price.

Current list price
$319,900
County assessment implies
$84,958
Est. property taxes at today's rates
$787/yr

Comparable Sales

AddressClosedSale priceBd/BaSqftAdjusted value
830 ELM ST, READING, PA 19601December 2025$106,0004/21,390$114,369
243 PEAR ST, READING, PA 19601April 2026$180,0004/11,332$198,413
131 MULBERRY ST, READING, PA 19601February 2026$145,0004/11,380$156,188
512 S 6TH ST, READING, PA 19602April 2026$184,9004/21,336$207,110
325 PEAR ST, READING, PA 19601May 2026$205,0004/11,414$212,180
1215 GREEN, READING, PA 19604April 2026$220,0004/21,306$237,667

Estimated taxes

Estimated at current rates

$1,348 / year

$112 per month

MLS shows (2025)

$1,348

School tax

READING · 17.93 mills (2025-26)

$524

County tax

Berks County · 9.01 mills (2026)

$263

Municipal tax

As recorded for 2025 — varies by municipality

$561

Assessment note: this home is assessed at $29,200 — well below the ~$109,950 its asking price implies at Berks County's common level ratio (34.4%). A sale near asking can invite a school-district assessment appeal that could raise the bill by roughly $2,176/year. Worth pricing in.

Recomputed from the county assessment ($29,200, 1994 base year) × current millage — portals typically reprint the recorded 2025 bill. Pennsylvania does not reassess on sale. Estimate only — verify with Berks County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.

Estimated monthly payment calculator

$63,980 (20%)
6.75%

Loan term

Estimated monthly payment

$1,866/mo

Principal & interest
$1,660
Property taxes (current rates)
$112
Home insurance (est.)
$93

Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. Estimate only; verify before relying on it.

Area statistics

School district

Reading

Academic index
28.1/100
Graduation rate
77.5%
PSSA ELA proficient
17.4%

2025 PA state assessments (PSSA / Keystone) and graduation data. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Berks Countycrime & safety numbers →

FBI and Pennsylvania source data, presented without spin.

Property taxes

Berks County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

Map for 1038 WALNUT ST, READING, PA 19601

© BRIGHT, All Rights Reserved

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 United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212 — Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

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 Closed or are no longer being offered for sale.

Data last updated: July 4, 2026 at 2:29 AM EDT

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