Muhlenberg Schools very large Victorian stone & brick 2 unit just rehabbed and is in excellent condition. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, owner is currently paying the electric, new tenant paying $1,000 a month on a one year lease. Unit 2 is the 2nd & 3rd floors, 5 rooms, 3 BRS, living room, kitchen, bath, 2nd floor balcony, electric cooking & hot water, tenants pay electric, currently vacant and ready for an owner occupant or tenant rental. Projected rent $1,400. Owner pays gas heat, water, sewer, trash, recycling. Total annual income: 28,800. Total expenses: 6,525. NOI: 22,275. Cap Rate 12%. Expenses breakdown: Ins: 506. W/ S: 1,680. Trash: 560. Owner's Electric: 100. Gas: 1,050. Taxes: 2,529. Permits: 100. Beautiful turn-key investment property perfect for an owner occupant or investor!
Muhlenberg Schools very large Victorian stone & brick 2 unit fully rented with longterm tenants. The building is in need of total rehab. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, tenant pays electric, 1 year tenant paying $725 a month on a M/M basis. Unit 2 is the 2nd & 3rd floors, 5 rooms, 3 BRS, living room, kitchen, bath, 2nd floor balcony, electric cooking & hot water, tenants pay electric, 13 year tenant paying $900 a month on a M/M basis. Owner pays oil heat, water, sewer, trash, recycling. Total annual income: 19,260. Total expenses: 6,525. NOI: 12,735. Cap Rate 12%. Expenses breakdown: Ins: 506. W/ S: 1,680. Trash: 560. Owner's Electric: 100. Oil: 1,050. Taxes: 2,529. Permits: 100. Building is in need of total rehab inside and out and is being sold AS IS! Huge potential!
*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
4
Baths
2
Stories
3
Lot width
—
Lot depth
—
Lot size
1,307 Sq. Ft.
Year renovated
—
Sq. Ft.
1,663
Year built
1900
Style
Townhouse
County
Berks County
APN
66530816949211
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 10, 2026.
C-1
Village District
The C-1 Zoning District generally contains areas with low-profile commercial uses as well as municipal, governmental, institutional, and medium- to high-density residential uses within developed neighborhoods. Subdivision and land development activity should be carefully planned and encouraged as infill development. All uses should be served by a road system and public utilities with sufficient capacities. Redevelopment or conversions should be considered to accommodate new business opportunities and enhance economic development opportunities.
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Tavern / bar / nightclub / micro-Brewery
Housing-Single unit
Housing-Multiple units
Infrastructure
Lodging & hospitality
Office
Public service
Property details
Parking
Parking Information
On Street
Interior
Interior Information
Appliances: Extra Refrigerator/Freezer, Oven/Range - Electric
Flooring Type: Carpet, Vinyl
Interior Features: 2nd Kitchen, Carpet
Living Area Sq.Ft. Source: Estimated
Room Information
# of Rooms: 8
Basement Information
Basement: Yes
Drain, Front Entrance, Rear Entrance, Outside Entrance, Unfinished