For sale

$349,900

Est. $2,268/mo —

•

2,538

sq ft

1642 Mineral Spring Rd, Reading, PA 19602

About this home

Exceptional opportunity to own a well-positioned three-unit residential building offering strong investment potential. This multi-unit property provides three separate living spaces, creating an attractive opportunity for an investor seeking rental income and long-term value. The property offers flexibility for a variety of investment strategies, including maintaining it as a fully income-producing asset or utilizing one unit for personal use while generating rental income from the remaining units. With its three-unit configuration and income-producing potential, this property presents an excellent addition to an established or growing real-estate portfolio. A property with considerable potential and an opportunity worth exploring for investors seeking a solid multi-unit asset.

Multi-familyProperty Type

1905Year Built

2,178 sq ftLot Size

$138Price/Sq.Ft.

Listed by William Roman • Century 21 Gold

•610-779-2500 (broker)

•office@c21gold.com (broker)

Listing updated: Oct 7, 2026 at 07:00pm

Redfin checked: 2 minutes ago

•Source:BRIGHT MLS #PABK2078652

Payment calculator

$2,268 per month

Principal and interest$1,933

Property taxes

$242

HOA dues

Home insurance

$93

Utilities

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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 • 0.7mi

3/10

Reading Senior High School

Public 9-12 • Assigned • 1.1mi

1/10

Provided by GreatSchools

About District

District 8, located between Penn Street and the Schuylkill River, is a historic and civic-minded Reading neighborhood with a courthouse skyline and a grid of brick rowhomes. The neighborhood’s character concentrates around Penn Square at Penn Street and 5th Street, where cafés, small storefronts, and government buildings set a steady weekday rhythm. The Santander Performing Arts Center anchors the cultural calendar, while GoggleWorks Center for the Arts adds studios and galleries in a former factory setting. Reading Public Museum and its grounds bring a park-like counterpoint to the downtown blocks. Architecture shifts from ornate civic facades to tight residential streets with stoops and corner shops. Trails and river views thread the edges, linking daily errands to open-air breaks.

Provided by Walk Score and Local Logic

Offer insights

1642 Mineral Spring Rd · $349,900

Strong offer

$350K and above

75% chance or better to win

Why $350K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 9 days.

SALE-TO-LIST

Most homes are selling 6% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Full basement
Property in very good condition
Three rental units total (two 1-bedroom units, one 2-bedroom unit)
Two units are month-to-month leases; all three units are currently leased

Bedrooms
Two one-bedroom units
One two-bedroom unit

Heating & cooling
Hot water heating
Natural gas fuel for heating and hot water

Sale and tax history for 1642 Mineral Spring Rd

Sale History
Tax History

Date

Event

Price

BRIGHT MLS #PABK2078652

Oct 7, 2026

Price Changed

$349,900

$138/sq ft

Sep 28, 2026

Listed

$375,000

$148/sq ft

Sep 23, 2026

Coming Soon

$375,000

$148/sq ft

BRIGHT MLS #PABK2060586

Oct 24, 2025

Sold

$269,000

$106/sq ft

Sep 19, 2025

Pending

—

Sep 17, 2025

Relisted

—

Sep 16, 2025

Listing Removed

—

Sep 13, 2025

Listed

$264,900

$104/sq ft

Sep 11, 2025

Coming Soon

$264,900

$104/sq ft

+51

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.

Public Records

Jul 11, 2024

Sold

$235,000

$93/sq ft

BRIGHT MLS #PABK2043562

Jul 5, 2024

Sold

$250,000

$99/sq ft

Jun 3, 2024

Pending

—

May 28, 2024

Listed

$239,900

$95/sq ft

+47

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

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

2,178 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

2,538

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,538

Year built

1905

Style

Multi-Family (2-4 Unit)

County

Berks County

APN

16531606483962

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 23, 2026.

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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

88/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in Reading. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.1 hrs

6.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1642 Mineral Spring Rd

$339,789

$10K under list price of $350K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $180K to $465K.

SOLD SEP 23, 2026
$220,000 Last sold price
6 beds1.5 baths2,266 sq ft
1431 Perkiomen Ave, Reading, PA 19602
$41/sq ft
smaller lot
5 years older
SOLD MAY 28, 2026
$235,000 Last sold price
6 beds2 baths2,454 sq ft
232 S 13th St, Reading, PA 19602
$42/sq ft
smaller lot
15 years older
SOLD AUG 10, 2026
$230,000 Last sold price
6 beds2.5 baths2,700 sq ft
207 N 10th St, Reading, PA 19601
$53/sq ft
smaller lot
40 years newer
SOLD MAY 11, 2026
$230,000 Last sold price
5 beds1.5 baths1,955 sq ft
430 N 12th St, Reading, PA 19604
$20/sq ft
smaller lot
5 years newer
SOLD SEP 30, 2026
$465,000 Last sold price
5 beds4 baths3,472 sq ft
1257 Eckert Ave, Reading, PA 19602
$4/sq ft
larger lot
105 years older
SOLD SEP 18, 2026
$179,900 Last sold price
5 beds1 bath1,664 sq ft
186 Clymer St, Reading, PA 19602
$30/sq ft
smaller lot
10 years newer

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