Fully Leased 5 Unit

1361 Perkiomen Ave, Reading, PA 19602

  • For Sale $499,900
  • Property Type Multi-Family
  • Property Size 4,750 SF
  • Units 5
  • Lot Size 0.29 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1931
  • Date Updated Aug 7, 2025
xDon’t miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area. This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 2 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water. Contact agent for group tour dates.
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Highlights

  • Fully rented with strong rents
  • Generous off-street parking
  • Well maintained w/ great tenants

Contacts

broker
Naomi Brown, CCIM

Capstone Commercial

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Bike Score ®

    28/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Reading, PA
  • Zip Code 19602

Points of Interest

  • Sunoco

    0.29 miles

  • Turkey Hill Minuit Market

    0.79 miles

  • Speedway

    1.38 miles

  • Gulf

    1.45 miles

  • Wawa

    1.52 miles

  • Exxon

    1.73 miles

  • Turkey Hill

    1.87 miles

  • Lukoil

    1.88 miles

  • SSC Gasoline

    1.98 miles

  • ChargePoint

    2.08 miles

  • 10th and Penn Lot

    0.51 miles

  • BTC 10 Minute Parking

    0.69 miles

  • BARTA Park-n-Transit Garage

    0.78 miles

  • DoubleTree Garage

    0.78 miles

  • South Penn Garage

    0.80 miles

  • State Lot

    0.81 miles

  • 7th and Washington Lot

    0.81 miles

  • Pavilion Parking

    0.82 miles

  • Reed and Court Garage

    0.84 miles

  • Poplar and Walnut Garage

    0.86 miles

  • DoubleTree by Hilton Hotel Reading

    0.77 miles

  • Candlewood Suites

    1.76 miles

  • Courtyard

    2.54 miles

  • Holiday Inn Express & Suites

    2.57 miles

  • Red Roof Inn Reading

    2.83 miles

  • Days Inn by Windham

    3.15 miles

  • Crowne Plaza Reading

    3.34 miles

  • Hampton

    3.49 miles

  • Residence Inn Reading

    3.53 miles

  • Fairfield Inn & Suites

    4.39 miles

  • Tack's Sandwich Shop

    0.26 miles

  • Saucony Creek Franklin Station Brewpub

    0.76 miles

  • Dunkin'

    0.81 miles

  • Café de Colombia Restaurant and Bakery

    0.84 miles

  • Ugly Oyster Drafthaus

    0.96 miles

  • The Knight's Pub

    1.03 miles

  • Beneficial Society Victor Emmanuel II

    1.06 miles

  • Judy's on Cherry

    1.10 miles

  • Mimmo's

    1.13 miles

  • Jimmy Kramer's Peanut Bar

    1.13 miles

  • Fairview Christian School

    0.13 miles

  • 16th and Haak Elementary School

    0.26 miles

  • Amanda E. Stout Elementary School

    0.38 miles

  • Southern Middle School

    0.47 miles

  • 10th and Penn Elementary School

    0.56 miles

  • Central Middle School

    0.62 miles

  • 13th and Green Elementary School

    0.88 miles

  • St. Peter School

    0.90 miles

  • 10th and Green Elementary School

    0.91 miles

  • Mount Penn High School

    1.05 miles

  • Antietam Academy

    1.26 miles

  • Unique Kids Daycare Center

    1.91 miles

  • Reading Hospital Child Development Center

    2.06 miles

  • Wyomissing KinderCare

    3.51 miles

  • Learning Ladder Academy, LLC

    3.66 miles

  • Wyomissing Valley Preschool

    5.07 miles

  • Stepping Stones Childcare

    8.94 miles

Frequently Asked Questions

How much does Fully Leased 5 Unit cost?

The space currently listed for sale at Fully Leased 5 Unit asks for $499,900.

What is the total square footage of Fully Leased 5 Unit?

Fully Leased 5 Unit totals 4,750 square feet.

When was this property built?

Fully Leased 5 Unit was built in 1931.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Naomi Brown, CCIM

Capstone Commercial

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