Turnkey 4-unit investment delivering strong, reliable cash flow with an attractive 9% cap rate. This well-kept property features two spacious 3-bedroom units and two 2-bedroom units, all in good condition with mostly long-term tenants already in place—offering immediate income and stability from day one. Designed for efficiency and low overhead, tenants pay their own heat and electric. Each unit is equipped with its own high-efficiency combi system for heat and on-demand hot water, eliminating bulky tanks and ensuring modern convenience throughout. With monthly income of $5,346 and low annual expenses, this property presents an excellent return profile. Additional highlights include a large rear parking lot with ample off-street parking, a generous side yard, and extra street parking out front. Located in the desirable Muhlenberg School District, this is a prime opportunity to add a solid, income-producing asset to your portfolio.
Multi-familyProperty Type
1925Year Built
0.37 acresLot Size
$177Price/Sq.Ft.
6 spacesParking
Listed by David Baez• EXP Realty, LLC
•888-397-7352 (broker)
•pa.broker@exprealty.net (broker)
Bought with Jerry Amadio• BHHS Homesale Realty- Reading Berks
Family owned for generations and now available for sale. 4 units with potential rental income of $35000 per year with a little updating and sweat equity. Property is as-is condition. Currently oil heat with gas for hot water heaters and stoves. This is not a legal rental YET. Some work will need to be done to get it there and applications with Laureldale borough. LOTS of potential future income once it's there.
BRIGHT MLS #PABK351190
Jan 6, 2020
Listing Removed
—
Dec 26, 2019
Price Changed
$170,000
$54/sq ft
Nov 26, 2019
Listed
$190,000
$60/sq ft
Public Records
Sep 24, 1993
Sold
$79,695
$25/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$6,336
$46,900 + $75,600
$122,500
2025
$6,336 (+5.0%)
$46,900 + $75,600
$122,500
2024
$6,032 (+5.5%)
$46,900 + $75,600
$122,500
2023
$5,719 (+1.6%)
$46,900 + $75,600
$122,500
2022
$5,627 (+1.7%)
$46,900 + $75,600
$122,500
2021
$5,535
$46,900 + $75,600
$122,500
2020
$5,535 (+2.1%)
$46,900 + $75,600
$122,500
2019
$5,423 (+3.5%)
$46,900 + $75,600
$122,500
2018
$5,239 (+1.9%)
$46,900 + $75,600
$122,500
2017
$5,142 (+2.8%)
$46,900 + $75,600
$122,500
2015
$5,001 (+4.5%)
$46,900 + $75,600
$122,500
2014
$4,788 (+1.3%)
$46,900 + $75,600
$122,500
2013
$4,726 (+1.1%)
$46,900 + $75,600
$122,500
2012
$4,673 (+2.0%)
$46,900 + $75,600
$122,500
2011
$4,581 (+1.4%)
$46,900 + $75,600
$122,500
2010
$4,520
$46,900 + $75,600
$122,500
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
2.5
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
—
Sq. Ft.
3,160
Year built
1925
Style
Multi-Family (2-4 Unit)
County
Berks County
APN
57530920906297
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
C
Commercial District
In addition to the objectives listed in section 501, it is the purpose of this district to provide for commercial development commonly associated with the central business districts of small communities. Further, it is recognized in older communities such as Laureldale Borough that mixeduses residential and commercial exist and can continue to coexist in line with a traditional mixed-use neighborhood concept.