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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

    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!

    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#: PABK2057698MLS Logo

    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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