OFF MARKET

Off Market Jul 2020 for $365K

—

Est. refi paymentEst. refi $2,098/mo

—

•

— ba

•

3,881

sq ft

148 E Spring St, Reading, PA 19505

About this home

Wow! Here's a great 5-unit investment opportunity with a low-maintenance building exteriors. You could also live in the front, detached dwelling and then have your own 4-unit apartment building to the rear! This property consists of two buildings, one of which has a 4 BR Cape Cod dwelling and the other building consisting of two (2) - 1 BR apartments and two (2) - 2 BR apartments. Rents are Cape Cod #1 @ $850/month; #2 @ $725/month; #3 @ $525/month; #4 @ $625/month; and #5 @ $725/month. These rents are below market value, so there's room to grow with the possible projected rents: Cape Cod #1 @ $1,195/month; #2 @ $795/month; #3 @ $650/month; #4 @ $695/month; and #5 @ $795/month. Four of the five tenants are long-term making this a solid investment. Tenants take care of lawn maintenance and snow removal. Owner pays sewer, trash, electric for lighting and well pump. All roofing has recently been replaced in 2020, with GAF lifetime shingles. Multi-unit, income-producing properties are very hard-to-find anymore, so this property will go fast! NOTE - Seller is a PA licensed real estate agent and is also the listing agent for this property. Overall condition is Excellent. Each person MUST complete, sign, and forward the COVID-PAN and COVID-HAS forms to the listing office, prior to entering the property. All showings MUST follow COVID-19 guidelines. No more than three (3) persons total, one of which is the agent, are permitted in the property at a time. It is mandatory that masks MUST be worn by every person entering the property. Thank you.

Multi-familyProperty Type

1945Year Built

6,534 sq ftLot Size

$94Price/Sq.Ft.

3 spacesParking

Listed by Kyle Gery • Brumbach Associates-Boyertown

•610-367-0660 (broker)

Bought with Michael Ballato • VRA Realty

•484-800-1777 (broker)

•operations@vrarealty.com (broker)

Redfin checked: a minute ago

•Source:BRIGHT MLS #PABK356086

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 19505, PA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

+1.5% MoM

Median sale price

$335K

$20K MoM

Avg. days on market

26d

13 days MoM

Recently sold homes

3 MoM

New listings for sale

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5 beds— baths2,730 sq ft
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See all

Provided by Redfin

Sale history for 148 E Spring St

Date

Event

Price

BRIGHT MLS #PABK356086

Jul 31, 2020

Sold

$365,000

$94/sq ft

Jun 24, 2020

Pending

—

Jun 2, 2020

Price Changed

$374,900

$97/sq ft

May 22, 2020

Price Changed

$389,000

$100/sq ft

Mar 12, 2020

Listed

$399,000

$103/sq ft

BRIGHT MLS #PABK112458

Jan 29, 2008

Sold

$325,000

$84/sq ft

Jan 6, 2008

Listing Removed

—

Dec 31, 2007

Listed

$325,000

$84/sq ft

Here is a great investment opportunity!! Own your own apartment building, have it as an investment or have an owner occupied opportunity. This property consists of 4 apartments((2) 1 bedroom and (2) 2 bedrooms) and a 4 bedroom Cape Cod. Rents are below market value so there is room to grow. 4 0ut of 5 of the renters are long term ( 7-20 years), making this a solid investment. All hot water heaters are new. Owner pays water, sewer, and trash.

Public Records

Feb 3, 2004

Sold

$180,000

$46/sq ft

Public Records

Feb 7, 1996

Sold

$145,000

$37/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$6,269

$46,300 + $87,800

$134,100

2025

$6,269 (+2.8%)

$46,300 + $87,800

$134,100

2024

$6,096 (+3.6%)

$46,300 + $87,800

$134,100

2023

$5,884 (+2.7%)

$46,300 + $87,800

$134,100

2022

$5,726 (+2.0%)

$46,300 + $87,800

$134,100

2021

$5,613 (+2.1%)

$46,300 + $87,800

$134,100

2020

$5,496 (+3.7%)

$46,300 + $87,800

$134,100

2019

$5,301 (+4.9%)

$46,300 + $87,800

$134,100

2018

$5,052 (+2.8%)

$46,300 + $87,800

$134,100

2017

$4,913 (+3.9%)

$46,300 + $87,800

$134,100

2015

$4,728 (+2.5%)

$46,300 + $87,800

$134,100

2014

$4,612 (+1.9%)

$46,300 + $87,800

$134,100

2013

$4,526 (+4.1%)

$46,300 + $87,800

$134,100

2012

$4,347 (+3.5%)

$46,300 + $87,800

$134,100

2011

$4,198 (+2.5%)

$46,300 + $87,800

$134,100

2010

$4,097

$46,300 + $87,800

$134,100

Tax history for 148 E Spring St

Year

Property tax

Land + Additions

Assessment*

2026

$6,269

$46,300 + $87,800

$134,100

2025

$6,269 (+2.8%)

$46,300 + $87,800

$134,100

2024

$6,096 (+3.6%)

$46,300 + $87,800

$134,100

2023

$5,884 (+2.7%)

$46,300 + $87,800

$134,100

2022

$5,726 (+2.0%)

$46,300 + $87,800

$134,100

2021

$5,613 (+2.1%)

$46,300 + $87,800

$134,100

2020

$5,496 (+3.7%)

$46,300 + $87,800

$134,100

2019

$5,301 (+4.9%)

$46,300 + $87,800

$134,100

2018

$5,052 (+2.8%)

$46,300 + $87,800

$134,100

2017

$4,913 (+3.9%)

$46,300 + $87,800

$134,100

2015

$4,728 (+2.5%)

$46,300 + $87,800

$134,100

2014

$4,612 (+1.9%)

$46,300 + $87,800

$134,100

2013

$4,526 (+4.1%)

$46,300 + $87,800

$134,100

2012

$4,347 (+3.5%)

$46,300 + $87,800

$134,100

2011

$4,198 (+2.5%)

$46,300 + $87,800

$134,100

2010

$4,097

$46,300 + $87,800

$134,100

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6,534 Sq. Ft.

Year renovated

—

Sq. Ft.

1,481

Year built

1945

Style

Single Family Residential

County

Berks County

APN

26539809150927

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 10, 2026.

Property details

Parking

Parking Information
# of Open Parking Spaces: 3
Alley, Off Street, On Street

Interior

Interior Information
Appliances: Oven/Range - Electric
Living Area Sq.Ft. Source: Estimated

Basement Information
Basement: Yes
Full

Exterior

Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $87,800
Insurance Expense: $1,400
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Assessor

Building Information
# of Levels (Total): 2
# of Units (Total): 4
Construction Materials: Mixed
Other Structures: Above Grade, Below Grade
Roof: Shingle

Lot Information
Lot Size Dimensions: 0.00 x 0.00
Tidal Water: No

Land Information
Land Assessed Value: $46,300

Above Grade Information
Finished Sq.Ft.: 3,881
Finished Sq.Ft. Source: Estimated

Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor

Financial

Tax Information
City/Town Tax: $805
County Tax: $1,027
School Tax: $3,665
Tax Assessed Value: $134,100
Tax Year: 2019
Tax Annual Amount: $5,496

Assessments Information
Year Assessed: 2020

Rental Information
Total Actual Rent: $41,400

Utilities

Utilities Information
Hot Water
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Trash Expense: $372
Water Source: Well, Well Permit on File
Municipal Trash: No

Location

Multi Unit Information
# of One Bedroom Units: 2
# of Two Bedroom Units: 2
# of Three Bedroom Units: 1
Gross Income: $41,400
Income Includes: Apartment Rentals
Operating Expense: $10,751
Operating Expense Includes: Insurance, Trash
Other Expense: 2500.00

Homeowners Association Information
Maintenance Expense: $600

School Information
High School: BOYERTOWN AREA SENIOR
School District Name: BOYERTOWN AREA
High School Source: Listing Agent
School District Source: Listing Agent

Location Information
Directions: From Boyertown, take Rt. 100 north approximately 3 miles to left onto Chestnut Street. Proceed to stop sign at the N. Main Street intersection. Turn right onto N. Main Street and go one block to stop sign. Turn right onto E. Spring Street to property on right.
Municipality: BECHTELSVILLE BORO

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,481
Stories: 1.0
Lot Size: 6,534 square feet
Style: Single Family Residential
Year Built: 1945
Year Renovated: —
County: Berks County
APN: 26539809150927

Home facts updated by county records on Jun 10, 2026

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 2.1mi

7/10

Boyertown Area Junior High School-East

Public 6-8 • Assigned • 4.8mi

9/10

Boyertown Area Senior High School

Public PreK-12 • Assigned • 2.9mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 101° expected this year, 16 days in 30 years

4/10 Wind Factor

19% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Reading, PA • 19505

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 3.9 hours in December, placing it below the U.S. average for solar exposure.

8.9 hrs

3.9 hrs

JuneDecember

Provided by Shadowmap

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Home values near 148 E Spring St

Data from public records.

Address	Redfin Estimate
147 E Spring Street, Bechtelsville, PA 4 Beds \| 1.5 Baths \| 2296 Sq. Ft.	$295,158
155 E Spring Street, Bechtelsville, PA 6 Beds \| 2 Baths \| 2160 Sq. Ft.	—

Address	Redfin Estimate
149 E Spring Street, Bechtelsville, PA 5 Beds \| 1 Baths \| 2322 Sq. Ft.	$279,916
138 E Spring Street, Bechtelsville, PA 3 Beds \| 1 Baths \| 1552 Sq. Ft.	$298,478

Address	Redfin Estimate
137 E Spring Street, Bechtelsville, PA 3 Beds \| 1 Baths \| 1672 Sq. Ft.	$273,746
140 E Spring Street, Bechtelsville, PA 3 Beds \| 1 Baths \| 1622 Sq. Ft.	$252,567

Property information provided by BRIGHT MLS when last listed in 2020. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 19505, PA

Sale history for 148 E Spring St

Tax history for 148 E Spring St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 19601

Home values near 148 E Spring St

More real estate resources