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Listing description

Investor Special with Incredible Upside in Muhlenberg Township! Welcome to 25 Water Street, a fantastic opportunity for investors, flippers, or savvy buyers looking to build instant equity. With an estimated ARV of $330,000+, this 4-bedroom home offers tremendous potential and is ready for your vision. The main level features a spacious living room, formal dining room, large kitchen, and a versatile bonus room overlooking the backyard. The second floor offers three generously sized bedrooms and a full bathroom, while the third floor provides a large fourth bedroom that can easily serve as a primary suite, office, or flex space. The unfinished basement offers ample storage and additional possibilities. Outside, you'll find an oversized detached garage, long driveway with plenty of parking, spacious backyard, patio area, and a welcoming front porch—all situated in a peaceful neighborhood setting. Whether you're looking for your next fix-and-flip, rental property, or value-add project, this home checks all the boxes. Property is being sold strictly as-is. Opportunities like this don't come around often—schedule your private tour today before it's gone!

Facts & features

Interior

Bedrooms
4
Bathrooms
1 full
Living area
1,208 sq ft
Heating
Other
Cooling
Other

Property & construction

Property type
Residential · Detached
Architectural style
Traditional
Year built
1900

Lot & parking

Lot size
0.24 acres (10,454 sq ft)
Garage
1 space

Financial

Price / sq ft
$165
HOA dues
None

Listing details

MLS #
PABK2073316
County
Berks County
School district
Muhlenberg
Days on market
25 days

Price history

DateEventPrice
Jun 9, 2026Listed for sale$199,777

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

$213,631

High confidence
$203,184$221,122

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
$199,777
County assessment implies
$179,226
Est. property taxes at today's rates
$2,921/yr

Comparable Sales

AddressClosedSale priceBd/BaSqftAdjusted value
3357 SHEIDY AVE, READING, PA 19605May 2026$320,0004/11,165$286,353
4012 KUTZTOWN RD, TEMPLE, PA 19560April 2026$277,5004/11,190$245,130
4237 DANOR DR, READING, PA 19605March 2026$328,0004/11,273$266,675
706 WAGON WHEEL LN, TEMPLE, PA 19560April 2026$265,0004/11,244$232,859
836 RHODORA AVE, READING, PA 19605May 2026$299,9003/11,190$257,733
2920 KUTZTOWN RD, READING, PA 19605March 2026$279,9003/11,232$273,553

Sale history

DateEventPrice
June 2014Sold$79,900

From closed MLS records since 2018. Earlier transactions may exist.

Estimated taxes

Estimated at current rates

$3,217 / year

$268 per month

MLS shows (2025)

$3,217

School tax

MUHLENBERG · 38.41 mills (2025-26)

$2,366

County tax

Berks County · 9.01 mills (2026)

$555

Municipal tax

As recorded for 2025 — varies by municipality

$296

Recomputed from the county assessment ($61,600, 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

$39,955 (20%)
6.75%

Loan term

Estimated monthly payment

$1,363/mo

Principal & interest
$1,037
Property taxes (current rates)
$268
Home insurance (est.)
$58

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

Muhlenberg

Academic index
42.1/100
Graduation rate
90%
PSSA ELA proficient
30%

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 25 WATER ST, READING, PA 19605

© 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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