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MLS: #PABK2077284, Listed By: Nicole Kennedy, Coldwell Banker Realty, Source:Bright MLS

500 N 10th Street

READING, PA 19604
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Bed 7

Bed

Bath 0

Bath

Acres0.05

Acre(Lot)

Investor opportunity with strong income potential! This fully renovated 3-unit property is ready to start producing and offers flexibility for the next owner, with the option to purchase vacant or rented depending on preference. The first floor features two separate 2-bedroom, 1-bath units, each with its own private exterior entrance and exit. Both units have been renovated and are currently positioned at $1,300 per month each. Separate electric and water meters help keep owner-paid expenses to a minimum. The third unit offers additional flexibility and income potential. It is currently being rented by the room at $800 per room, with a shared kitchen and bathroom and the owner paying electric and gas. Alternatively, the space can be rented as a traditional 3-bedroom, 1-bath unit for appr oximately $1,800 per month and includes access to a second-floor patio. With separate meters for all units, updated interiors, multiple rental strategies, and off-street parking for two vehicles, this property is set up for an investor looking to add a turnkey multifamily asset to their portfolio. At projected rents of approximately $5,000 per month, the property offers excellent income potential from day one. Whether you're looking for traditional long-term rentals or a combination of unit and room rentals, this property gives the next owner options to maximize its return.

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Detail Ic Property Details

Property Type : Residential Income

Price : $385,000

AD Id : 90040727

MLS Id : PABK2077284

Beds : 7

Lot Size : 0.05 Acre

Year Built : 1910

County : BERKS

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Feature Features

  • Bedroom Information

    Total beds: 7
  • Flooring Information

    Vinyl
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Natural Gas, Baseboard, Heat Pump Cooling: None

  • Building Information

    Year Built: 1910 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 0.00 x 0.00 Lot Size Acres: 0.05 Lot Size Source: Assessor Lot Size Square Feet: 2178

  • Listing Price Information

    Listing Price: $385000

  • Tax Information

    Parcel Number: 11-5317-61-03-4075 Tax Lot: 4075 Tax Year: 2025 Annual Tax: $1140

  • Parking Information

    Parking Total: 2 Gravel, Off Street

  • School Information

    Elementary School:
    Junior High School: NORTHEAST
    Senior High School:
  • Location Information

    Direction: From Berkshire Blvd, take Park Rd toward Reading. Continue toward Penn Ave/US-422 Business and follow into Reading. Continue onto Penn St, turn left onto N 10th St. Property will be on the right at 500 N 10th St. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2611 Hampden Boulevard, Reading, PA, 19604 $299,000 1 -- 5,882 5,882 SqFt
831 N 10th Street, Reading, PA, 19604 $1,325,000 21 -- 19,254 19,254 SqFt
1259 N 10th Street, Reading, PA, 19604 $950,000 11 -- 3,485 3,485 SqFt
749 N 9th Street, Reading, PA, 19604 $449,900 9 -- 4,197 4,197 SqFt

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ByOwner last updated this listing 08/26/2026 @ 09:52

MLS: PABK2077284 LISTED BY: Nicole Kennedy, Coldwell Banker Realty 610-373-9900 SOURCE: Bright MLS

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