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For sale
  • $615,000

    1601 Mineral Spring Rd, Reading, PA 19602

    12beds
    --baths
    6,775sqft
    : 
    Quadruplex
    Built in 1910
    -- sqft lot
    $599,400 Zestimate®
    $91/sqft
    $-- HOA

    What's special

    Built in parkingNewer roofAmple parkingMultiple updates already completedEfficient gas furnaces
    Six unit investment opportunity in the Hessian Camp section of Reading delivering strong cash flow and long term upside. The property consists of six two bedroom one bath units with multiple updates already completed, offering a stabilized asset with additional value add potential. This offering includes 1601 Mineral Spring Road, 1603 Mineral Spring Road, and 1601 Rear Mineral Spring, which functions as a dedicated off street parking lot with space for approximately twelve vehicles. Ample parking is a key advantage that supports tenant retention and enhances overall asset value. Tenants are responsible for heat, electric, and hot water, helping minimize operating expenses. Owner expenses are limited to water, sewer, and trash. The property features a newer roof, updated mechanical systems, and efficient gas furnaces, contributing to lower maintenance costs and reliable performance. Located in a high demand rental area, this is a turnkey investment with immediate income and future upside. Be sure all parcel IDs are included in any agreement of sale. Opportunities like this are limited, especially with built in parking and strong return potential. This is a strategic addition to any investment portfolio.
    7 days
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    268
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    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    John Gantkowski 610-780-3024,

    Iron Valley Real Estate of Berks (484) 450-8771

    Source: Bright MLS,MLS#: PABK2070500MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      Heating
      • Hot Water, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Electric Water Heater
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 6,775
      • Total interior livable area: 6,775 sqft

      Property

      Parking
      • Parking features: Parking Lot
      Accessibility
      • Accessibility features: None
      Features
      • Pool features: None
      Lot
      • Size: 5,227 Square Feet
      Details
      • Additional structures: Above Grade
      • Parcel number: 16531606399058
      • Zoning: RESIDENTIAL
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Colonial
      • Property subtype: Quadruplex
      Materials
      • Brick
      • Foundation: Brick/Mortar
      Condition
      • New construction: No
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Reading
      • Municipality: READING CITY

      Financial & listing details

      • Price per square foot: $91/sqft
      • Tax assessed value: $60,000
      • Annual tax amount: $2,770
      • Date on market: 4/10/2026
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Fee Simple
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        Estimated market value

        $599,400

        $569,000 - $629,000

        $1,435/mo

        Price history

        DateEventPrice
        4/10/2026Listed for sale$615,000+508.9%$91/sqft
        Source: Bright MLS #PABK2070500 Report a problem
        10/13/2017Listing removed$101,000$15/sqft
        Source: Bryn Mawr #1000254331 Report a problem
        1/27/2017Listed for sale$101,000-51%$15/sqft
        Source: Keller Williams Main Line Realty #6918044 Report a problem
        3/26/2009Sold$206,000$30/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,704 +1.5%$60,000
        2024$2,664 +1.6%$60,000
        2023$2,623 $60,000
        2022$2,623 $60,000
        2021$2,623 +1%$60,000
        2020$2,597 $60,000
        2019$2,597 $60,000
        2018$2,597 +0.7%$60,000
        2017$2,579 +75%$60,000
        2016$1,474 +8.7%$60,000
        2015$1,356 $60,000
        2014-- $60,000 -31.2%
        2013-- $87,200
        2012-- $87,200
        2011-- $87,200 -13%
        2010-- $100,200
        2009-- $100,200
        2008-- $100,200
        2007-- $100,200
        2006-- $100,200
        2005-- $100,200
        2004-- $100,200
        2003-- $100,200
        2002-- $100,200

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $3,737/mo
        Principal & interest
        $2963
        Property taxes
        $774
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          Climate risks

          Neighborhood: 19602

          Getting around

          67 / 100
          Somewhat Walkable
          25 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Reading

          Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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