Well-maintained three-unit rental property with long-term tenants in Units 1 and 2. The attached rear garage is rented separately for $100 per month, providing additional income. The property offers functional apartment layouts, brick construction, and a rear porch with city views. On-street parking is available, with convenient access to public transportation, shopping, and other neighborhood amenities. A solid investment property with existing rental income and established tenants.
Northeast Reading, located between the Schuylkill River and Mount Penn, is a residential and hillside Reading neighborhood with brick rowhomes and pocket parks. The neighborhood’s character concentrates around the 13th Street & Perkiomen Avenue corridor, where corner delis, longtime bakeries, and small storefronts set a steady, lived-in rhythm. Community touchstones include GoggleWorks Center for the Arts, the Santander Performing Arts Center, and the Reading Public Museum. Streets climb toward tree-lined blocks with porches and compact yards, while flatter avenues carry daily errands. Nearby trails and overlooks on Mount Penn add a scenic edge to the grid. The pace feels practical and local, with architecture and topography doing most of the talking.
Provided by Walk Score and Local Logic
Offer insights
1016 N 11th St · $349,000
$357K and above
75% chance or better to win
Why $357K+ is a strong offer
DAYS ON MARKET
17 days
The average home goes pending in 9 days.
SALE-TO-LIST
94.0%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Brick and drywall walls/ceilings
Full basement
Bedrooms
Three one-bedroom units (multi-unit property)
One unit currently vacant; three units leased
Kitchen
Gas oven/range
Refrigerator
Flooring
Carpet
Hardwood
Vinyl
Heating & cooling
Baseboard electric heating
Radiator heating
Natural gas available for heating
Hot water from electric and natural gas
Exterior features
Exterior lighting
Fire escape
Sidewalks
Street lights
Breezeway
Porches
Home design
Interior townhouse / rowhouse
Urban location
City/County road responsibility
Road frontage approximately 20 feet
Blacktop road surface
Parking
Rear-entry garage with inside access
One garage parking space
On-street parking available
Parking garage/public and private parking options
Construction
Brick construction
Flat, tar/gravel and slate roof
Foundation of brick/mortar, concrete perimeter, and stone
Building not winterized
Outdoor structures both above and below grade
Utilities
Public water
Public sewer
Electric service (100 Amp up to 200+ Amp options listed)
Natural gas available
Cable TV available
Phone available
Municipal trash service
Internet options: Broadband, Cable, DSL, Fiber Optic
Financial info
Property owned fee simple
Gross scheduled and actual rental income listed at $31,200
Vacancy allowance rate listed at 3%
Some units are month-to-month leases
Other
Property condition listed as good
Ground rent paid annually
Electricity and solar
View estimated energy costs and solar savings for this home