Investor Special! Welcome to 1500 Centre Ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don’t miss your chance to add this strong performer to your portfolio. Schedule your private tour today!
Sold for $455,000 on 07/25/25
$455,000
1500 Centre Ave, Reading, PA 19601
3beds
5baths
3,030sqft
Townhouse
Built in 1915
-- sqft lot
$-- Zestimate®
$150/sqft
$2,607 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 05:02pm
Listed by:
Shawn Krause 610-207-6650,
KW Empower,
Listing Team: The Toll Group
Bought with:
Felix Munoz, RS321614
Century 21 Gold
Source: Bright MLS,MLS#: PABK2057698

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Basement: Unfinished,Garage Access,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 3,030
- Total interior livable area: 3,030 sqft
Property
Parking
- Total spaces: 2
- Parking features: Storage, Covered, Attached, Alley Access, On Street
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Bi-Level
- Exterior features: Lighting, Sidewalks, Street Lights, Rain Gutters
- Pool features: None
Lot
- Size: 1,742 sqft
- Features: Corner Lot, Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 15530733680416
- Zoning: R-3
- Zoning description: R-3 Residential Zoning District and has zoning approval for four (4) dwelling units
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire Escape
Location
- Region: Reading
- Municipality: READING CITY
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals, Other
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Services availability

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