This home's estimate is 48.9% higher than the average sale price ($209K) of 6 comparable homes.
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1338 Mineral Spring Rd, Reading, PA 19602
About this home
Money Machine, spectacular 3 unit in excellent condition just passed city code inspection. Main level is 1500 sq ft 2 bedroom apt with atrium dining room right off kitchen. Additional 2 bedroom apartments are on the second level. Building is turnkey and ready to show. This property was previously owner occupied and extremely well maintained. No more oil heat, property was converted to gas heating a few years ago. New replacement windows increase energy efficiency. Lower level has laundry room to keep long term tenants and individual storage lockers for each apartment. Tenants pay own electric and gas for cooking and hot water. Many attractive architectural elements, stain glass accent to entry with leaded glass half light doors, 9 foot ceilings, curb appeal that looks like a single home. Electric gutter heaters to prevent ice damming.
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Market trends in 19602, PA
Last updated August 2026
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Sale history for 1338 Mineral Spring Rd
$0/sq ft
$0/sq ft
$37/sq ft
$37/sq ft





$37/sq ft
$37/sq ft
Tax history for 1338 Mineral Spring Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
R-3
Residential District
The R-3 District allows the highest residential densities and permits multifamily apartments.Include but are not limited to:
- Housing-Single unit
- Housing-Multiple units
- Agriculture-Cropland
- Park & open space
Property details
Parking
- Parking Information
- Street
- On Street
Interior
- Virtual Tour
- Interior Information
- Entry Location: Foyer
- Flooring Type: Fully Carpeted, Vinyl
- Interior Features: CeilngFan(s)
- Room Information
- Master Bedroom
- Laundry Type: Has Laundry
- Basement Information
- Basement: Yes
- Full, Unfinished
Exterior
- Property Information
- Improvement Assessed Value: $69,100
- Insurance Expense: $999
- Ownership Interest: Fee Simple
- Property Condition: Good
- Year Built Source: Estimated
- Building Information
- Construction Materials: Brick
- Foundation Details: Stone
- Other Structures: Above Grade
- Roof: Flat, Pitched
- Storage: Basement
- Structure Type: Semi-Detached
- Exterior Information
- Sidewalks
- Lot Information
- Lot Size Dimensions: IRREGULAR
- Tidal Water: No
- Land Information
- Land Assessed Value: $21,000
- Above Grade Information
- Finished Sq.Ft.: 2,964
- Finished Sq.Ft. Source: Estimated
Financial
- Tax Information
- Tax Assessed Value: $90,100
- Tax Year: 2016
- Tax Annual Amount: $3,873
Utilities
- Utilities Information
- Electric Expense: $270
- 200+ Amp Service
- Gas, Radiator
- Heating Fuel: Natural Gas
- Annual Heating Expense: $1,300
- Hot Water: Natural Gas
- Sewer Septic: Public Sewer
- Water Sewer Expense: $1,455
- Water Source: Public
Location
- Multi Unit Information
- # of Two Bedroom Units: 3
- Other Units: Unit 1,Unit 2,Unit 3
- Gross Income: $28,800
- Annual Gross Expense: $8,097
- Homeowners Association Information
- Maintenance Expense: $200
- School Information
- School District Name: READING
- Location Information
- Cross Street: NONE AVAILABLE
- Directions: From Reading, N on Penn St, Right on Perkiomen, Left on Mineral Spring, Property on right.
- Municipality: READING CITY
Public facts
- Beds: 5
- Baths: 3.0
- Sq. Ft.: 2,964
- Stories: 3.0
- Lot Size: 3,049 square feet
- Style: Other
- Year Built: 1895
- Year Renovated: —
- County: Berks County
- APN: 16531606285982
Around this home
Schools
Public PreK-4 • Assigned • 0.3mi
Public 5-8 • Assigned • 0.5mi
Public 9-12 • Assigned • 1.1mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 100° expected this year, 16 days in 30 years
14% chance of strong winds in next 30 years
1 unhealthy days expected this year, 4 days in 30 years
Sun exposure
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Nearby similar homes
New listings for sale in 19602
Home values near 1338 Mineral Spring Rd
| Address | Redfin Estimate |
|---|---|
7 Beds | 3 Baths | 3417 Sq. Ft. | $279,109 |
6 Beds | 4 Baths | 2893 Sq. Ft. | $307,496 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 2307 Sq. Ft. | $278,756 |
3 Beds | 3 Baths | 2520 Sq. Ft. | $241,538 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 2 Baths | 2616 Sq. Ft. | $274,017 |
4 Beds | 2 Baths | 2588 Sq. Ft. | $239,838 |
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