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.
For sale
Price cut: $10K (7/7)
$575,000
1601 Mineral Spring Rd, Reading, PA 19602
12beds
--baths
6,775sqft
Quadruplex
Built in 1910
-- sqft lot
$564,600 Zestimate®
$85/sqft
$-- HOA
What's special
Built in parkingNewer roofAmple parkingMultiple updates already completedEfficient gas furnaces
- 98 days |
- 481 |
- 21 |
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#: PABK2070500
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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: $85/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
Estimated market value
$564,600
$536,000 - $593,000
$1,278/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $575,000-1.7%$85/sqft |
Source:  Bright MLS #PABK2070500 Report a problem | ||
| 6/16/2026 | Price change | $585,000-1.7%$86/sqft |
Source: Bright MLS #PABK2070500 Report a problem | ||
| 5/26/2026 | Price change | $595,000-3.3%$88/sqft |
Source: Bright MLS #PABK2070500 Report a problem | ||
| 4/10/2026 | Listed for sale | $615,000+508.9%$91/sqft |
Source: Bright MLS #PABK2070500 Report a problem | ||
| 10/13/2017 | Listing removed | $101,000$15/sqft |
Source: Bryn Mawr #1000254331 Report a problem | ||
| 1/27/2017 | Listed for sale | $101,000-51%$15/sqft |
Source: Keller Williams Main Line Realty #6918044 Report a problem | ||
| 3/26/2009 | Sold | $206,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 19602
Nearby schools
GreatSchools rating
- 2/10Sixteenth & Haak El SchoolGrades: PK-4Distance: 0.1 mi
- 3/10Central Middle SchoolGrades: 5-8Distance: 0.6 mi
- 1/10Reading Senior High SchoolGrades: 9-12Distance: 1.1 mi
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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