Welcome to 1642 Mineral Spring Rd. This well-maintained 3-unit multi-family building is fully occupied and generating consistent income. With all 3 units rented it's a great opportunity to include to your investment portfolio or to generate rental income from 2 units while living in one. This property has a newer roof that was installed in 2022. Located just steps from Penn Street and minutes from major commuter routes including US-422, this property combines location, stability, and strong rental potential. All three units are large one-bedroom apartments with the potential of generating higher rents. Schedule your showing today.
Multi-familyProperty Type
1905Year Built
2,178 sq ftLot Size
$116Est. Price/Sq.Ft.
Listed by Parul Khanna• Daryl Tillman Realty Group
OFFER DEADLINE SUNDAY 6PM 6/2/24 Well maintained stone front, three unit, end of row. Same owner for the last 40 years. Newer roof and heating system. Four separate electric services. Low rents and remote management offer much upside to this in demand investment. All the units have large rooms, high ceilings and offer comfort, with plenty of natural light, enhancing demand and occupancy for these units. This could be a great owner occupied investment. Exterior recently painted, newer roof, with attention to maintenance by the owner throughout their ownership.
BRIGHT MLS #PABK271306
Feb 15, 2003
Listing Removed
—
Aug 19, 2002
Listed
$76,900
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,899 (+2.4%)
$17,500 + $45,300
$62,800
2025
$2,831 (+1.5%)
$17,500 + $45,300
$62,800
2024
$2,789 (+1.6%)
$17,500 + $45,300
$62,800
2023
$2,745
$17,500 + $45,300
$62,800
2022
$2,745
$17,500 + $45,300
$62,800
2021
$2,745 (+1.0%)
$17,500 + $45,300
$62,800
2020
$2,718
$17,500 + $45,300
$62,800
2019
$2,718
$17,500 + $45,300
$62,800
2018
$2,718 (+0.7%)
$17,500 + $45,300
$62,800
2017
$2,699 (+6.2%)
$17,500 + $45,300
$62,800
2015
$2,541 (+1.2%)
$17,500 + $45,300
$62,800
2014
$2,511
$17,500 + $45,300
$62,800
2013
$2,511 (+6.0%)
$17,500 + $45,300
$62,800
2012
$2,369
$17,500 + $45,300
$62,800
2011
$2,369 (+6.8%)
$17,500 + $45,300
$62,800
2010
$2,219
$17,500 + $45,300
$62,800
Tax history for 1642 Mineral Spring Rd
Year
Property tax
Land + Additions
Assessment*
2026
$2,899 (+2.4%)
$17,500 + $45,300
$62,800
2025
$2,831 (+1.5%)
$17,500 + $45,300
$62,800
2024
$2,789 (+1.6%)
$17,500 + $45,300
$62,800
2023
$2,745
$17,500 + $45,300
$62,800
2022
$2,745
$17,500 + $45,300
$62,800
2021
$2,745 (+1.0%)
$17,500 + $45,300
$62,800
2020
$2,718
$17,500 + $45,300
$62,800
2019
$2,718
$17,500 + $45,300
$62,800
2018
$2,718 (+0.7%)
$17,500 + $45,300
$62,800
2017
$2,699 (+6.2%)
$17,500 + $45,300
$62,800
2015
$2,541 (+1.2%)
$17,500 + $45,300
$62,800
2014
$2,511
$17,500 + $45,300
$62,800
2013
$2,511 (+6.0%)
$17,500 + $45,300
$62,800
2012
$2,369
$17,500 + $45,300
$62,800
2011
$2,369 (+6.8%)
$17,500 + $45,300
$62,800
2010
$2,219
$17,500 + $45,300
$62,800
*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
Beds
5
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
2,178 Sq. Ft.
Year renovated
—
Sq. Ft.
2,538
Year built
1905
Style
Townhouse
County
Berks County
APN
16531606483962
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
R-3
Residential District
The R-3 District allows the highest residential densities and permits multifamily apartments.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Agriculture-Cropland
Park & open space
Property details
Parking
Parking Information
On Street
Interior
Interior Information
Living Area Sq.Ft. Source: Assessor
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Accessibility Features: Other
Improvement Assessed Value: $45,300
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 3
Construction Materials: Brick
Foundation Details: Other
Other Structures: Above Grade, Below Grade
Roof: Shingle
Structure Type: End of Row/Townhouse
Lot Information
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $17,500
Above Grade Information
Finished Sq.Ft.: 2,538
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $1,139
County Tax: $566
School Tax: $1,126
Tax Assessed Value: $62,800
Tax Year: 2025
Tax Annual Amount: $2,831
Assessments Information
Year Assessed: 2025
Lease Information
Existing Lease Type: Yearly, Month to Month
Utilities
Utilities Information
Cooling Type: Other
Cooling Fuel: Electric
Radiator
Heating Fuel: Oil
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Electric Available, Natural Gas Available
Water Source: Public
Location
Multi Unit Information
# of One Bedroom Units: 2
# of Two Bedroom Units: 1
# of Units Leased: 3
# of Month To Month Units: 2
School Information
School District Name: READING
School District Source: Listing Agent
Location Information
Directions: From Perkiomen Ave, turn on Mineral Spring Rd, property is no the right.
Municipality: READING CITY
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,538
Stories: 3.0
Lot Size: 2,178 square feet
Style: Townhouse
Year Built: 1905
Year Renovated: —
County: Berks County
APN: 16531606483962
Home facts updated by county records on Aug 31, 2026
Around this home
Schools
Sixteenth & Haak El School
Public PreK-4 • Assigned • 0.1mi
2/10
Central Middle School
Public 5-8 • Assigned • 0.7mi
3/10
Reading Senior High School
Public 9-12 • Assigned • 1.1mi
1/10
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
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
14% 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)
35
21
40
26
59
37
67
46
73
55
84
64
87
71
81
62
78
60
68
47
55
39
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$281,000 – $340,000
Sell confidently with a local market expert in Reading. 3 minutes to get started.