For sale

$575,000

Est. $3,363/mo —

•

— ba

•

6,775

sq ft

1601 Mineral Spring Rd, Reading, PA 19602

About this home

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.

Multi-familyProperty Type

1910Year Built

5,227 sq ftLot Size

$85Price/Sq.Ft.

Listed by John Gantkowski • Iron Valley Real Estate of Berks

•484-450-8771 (broker)

•admin@ironvalleyrealestateofberks.com (broker)

Listing updated: Aug 12, 2026 at 12:55pm

Redfin checked: a few seconds ago

•Source:BRIGHT MLS #PABK2070500

Payment calculator

$3,363 per month

Principal and interest$2,984

Property taxes

$231

HOA dues

Home insurance

$149

Utilities

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Open houses

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Nearby open houses (10)

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4 beds1.5 baths1,716 sq ft
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106 Raybil Dr, Narvon, PA 17507
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Around this home

Schools

K - 12
Preschool & daycare

Sixteenth & Haak El School

Public PreK-4 • Assigned • 0.1mi

2/10

Central Middle School

Public 5-8 • Assigned • 0.6mi

3/10

Reading Senior High School

Public 9-12 • Assigned • 1.1mi

1/10

Provided by GreatSchools

About Southeast

Reading

Southeast Reading, located between Penn Street and the Schuylkill River, is a residential and industrial Reading neighborhood with rowhouse blocks and rail-side warehouses. The neighborhood’s character concentrates around the Penn Street Bridge approach, where corner bodegas, auto shops, and small eateries line the traffic-heavy corridor. Community touchstones include GoggleWorks Center for the Arts, the Santander Performing Arts Center, and the Reading Public Museum. Brick twins and narrow porches set a tight streetscape, while river views open up near the trail. Penn’s Common and nearby ballfields add green breaks between blocks. Transit and civic buildings cluster toward Downtown, keeping the area connected to daily errands and events.

Provided by Walk Score and Local Logic

Market insights

1601 Mineral Spring Rd · $575,000

DAYS ON MARKET

The average home goes pending in 12 days.

SALE-TO-LIST

Most homes are selling 0% below list price.

LIST PRICE

Median list price in this area is $282,043. (51% lower than this home)

PRICE DROP

25% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Interior features
Estimated living area

Bedrooms
Six 2-bedroom units in the building

Heating & cooling
Hot water heating
Natural gas heating fuel
Electric hot water

Sale and tax history for 1601 Mineral Spring Rd

Sale History
Tax History

Date

Event

Price

BRIGHT MLS #PABK2070500

Aug 12, 2026

Relisted

—

Jul 31, 2026

Listing Removed

—

Jul 7, 2026

Price Changed

$575,000

$85/sq ft

Jun 16, 2026

Price Changed

$585,000

$86/sq ft

May 26, 2026

Price Changed

$595,000

$88/sq ft

Apr 10, 2026

Listed

$615,000

$91/sq ft

Public Records

Dec 1, 2022

Sold

$335,000

$49/sq ft

BRIGHT MLS #1000254331

Jan 18, 2018

Listing Removed

—

Jan 18, 2017

Listed

$101,000

$15/sq ft

TREND #5501815

Mar 25, 2009

Sold

$206,000

$30/sq ft

Feb 13, 2009

Listed

$206,000

$30/sq ft

BRIGHT MLS #1005188136

Feb 13, 2009

Listing Removed

—

Feb 13, 2009

Listed

$206,000

$30/sq ft

BRIGHT MLS #PABK321314

Feb 14, 2005

Listing Removed

—

Jun 16, 2004

Listed

$210,000

$31/sq ft

Public Records

Feb 1, 1999

Sold

$157,000

$23/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$2,770 (+2.4%)

$12,400 + $47,600

$60,000

2025

$2,704 (+1.5%)

$12,400 + $47,600

$60,000

2024

$2,664 (+1.6%)

$12,400 + $47,600

$60,000

2023

$2,623

$12,400 + $47,600

$60,000

2022

$2,623

$12,400 + $47,600

$60,000

2021

$2,623 (+1.0%)

$12,400 + $47,600

$60,000

2020

$2,597

$12,400 + $47,600

$60,000

2019

$2,597

$12,400 + $47,600

$60,000

2018

$2,597 (+0.7%)

$12,400 + $47,600

$60,000

2017

$2,579 (+6.2%)

$12,400 + $47,600

$60,000

2015

$2,428 (+1.2%)

$12,400 + $47,600

$60,000

2014

$2,399 (−31.2%)

$12,400 + $47,600

$60,000

2013

$3,486 (+6.0%)

$15,800 + $71,400

$87,200

2012

$3,290 (−6.1%)

$15,800 + $71,400

$87,200

2011

$3,504 (−1.0%)

$15,800 + $71,400

$87,200

2010

$3,541

$17,800 + $82,400

$100,200

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,227 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

3,420

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,420

Year built

1910

Style

Other

County

Berks County

APN

16531606399058

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 10, 2026.

R-1

Residential District

The R-1 Districts preserve and enhance low-density areas composed of one-family detached dwellings on relatively large lots. The R-2 Medium Density District provides a variety of one-family detached, semidetached and attached dwellings. The R-3 District allows the highest residential densities and permits multifamily apartments.

Permitted uses

Include but are not limited to:

Garden center
Housing-Single unit
Communications tower
Agriculture-Cropland
Park & open space

Climate risks

1/10 Flood Factor

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

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 100° expected this year, 16 days in 30 years

4/10 Wind Factor

16% chance of strong winds in next 30 years

3/10 Air Factor

1 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Reading, PA • 19602

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 1601 Mineral Spring Rd

$552,727

$22K under list price of $575K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $230K to $440K.

SOLD MAY 28, 2026
$235,000 Last sold price
6 beds2 baths2,454 sq ft
232 S 13th St, Reading, PA 19602
$11/sq ft
smaller lot
20 years older
SOLD MAR 19, 2026
$265,000 Last sold price
6 beds3.5 baths3,005 sq ft
1396 Perkiomen Ave, Reading, PA 19602
$3/sq ft
10 years older
basement
SOLD JUN 26, 2026
$289,900 Last sold price
2 beds1.5 baths1,428 sq ft
2146 Fairview Ave, Reading, PA 19606
$118/sq ft
larger lot
51 years newer
SOLD OCT 22, 2025
$439,900 Last sold price
6 beds— baths3,580 sq ft
1013 Penn St, Reading, PA 19601
$38/sq ft
5 years newer
basement
SOLD AUG 10, 2026
$230,000 Last sold price
6 beds2.5 baths2,700 sq ft
207 N 10th St, Reading, PA 19601
smaller lot
35 years newer
basement
SOLD FEB 20, 2026
$340,000 Last sold price
5 beds2.5 baths2,550 sq ft
2319 Fairview Ave, Reading, PA 19606
$48/sq ft
larger lot
50 years newer

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