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645 N 3rd St, Reading, PA 19601
About this home
Attention Investors- Fantastic Opportunity! Seller Retiring. HIGH INCOME RETURN- Approximately 20% Cap Rate. Standout Property in a Great Neighborhood-Extra Clean and Low Maintenance. Building in great condition and ready for occupancy. Recent Property Code Inspection completed and passed July 29th, 2013. First Floor is a large two bedroom with front porch, basement and rear yard access perfect for owner occupied. LIVE FOR FREE in one while the other two units pay your mortgage. Second unit is a one bedroom with nice kitchen, large bedroom and private rear deck, currently rented. Third unit is a two bedroom with extra nice flooring. History of long term tenants. Easy to rent. Heating was converted to gas in 2008. Well managed and maintained, individual gas meters for gas cooking and hot water. Individual water tanks. This is definitely one to go see.
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Last updated October 2026
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Sale history for 645 N 3rd St
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$178/sq ft
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$27/sq ft
$29/sq ft
Tax history for 645 N 3rd St
*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
R-3
QUEEN ANNE HISTORIC DISTRICT
Residential District
The R-3 District allows the highest residential densities and permits multifamily apartments.Include but are not limited to:
- Housing-Single unit
- Housing-Multiple units
- Agriculture-Cropland
- Park & open space
Property details
Parking
- Parking Information
- Street
- On Street
Interior
- Interior Information
- Entry Location: Foyer
- Flooring Type: Fully Carpeted, Vinyl, Tile/Brick, Laminated
- Room Information
- Master Bedroom
- Laundry Type: Hookup
- Basement Information
- Basement: Yes
- Full, Unfinished
Exterior
- Property Information
- Improvement Assessed Value: $44,100
- Insurance Expense: $900
- Ownership Interest: Fee Simple
- Property Condition: Good
- Year Built Source: Estimated
- Building Information
- Construction Not Completed
- Foundation Details: Stone
- Other Structures: Above Grade
- Roof: Pitched, Shingle
- Storage: Basement
- Structure Type: Interior Townhouse/Rowhouse
- Exterior Information
- Sidewalks, Street Lights
- Lot Information
- Lot Size Dimensions: -
- Tidal Water: No
- Land Information
- Land Assessed Value: $5,800
- Above Grade Information
- Finished Sq.Ft.: 2,375
- Finished Sq.Ft. Source: Estimated
Financial
- Tax Information
- Tax Assessed Value: $49,900
- Tax Year: 2014
- Tax Annual Amount: $2,020
Utilities
- Utilities Information
- Cooling Type: Wall Unit
- Gas, Forced Air
- Heating Fuel: Natural Gas
- Annual Heating Expense: $1,320
- Hot Water: Natural Gas
- Sewer Septic: Public Sewer
- Water Sewer Expense: $1,200
- Water Source: Public
Location
- Multi Unit Information
- # of One Bedroom Units: 1
- # of Two Bedroom Units: 2
- Other Units: Unit 1,Unit 2,Unit 3
- Gross Income: $20,700
- Annual Gross Expense: $6,140
- Homeowners Association Information
- Maintenance Expense: $700
- School Information
- School District Name: READING
- Location Information
- Cross Street: NA
- Directions: Off Centre Ave, Between Oley and Greenwich St.
- Municipality: READING CITY
Public facts
- Beds: 5
- Baths: 3.0
- Sq. Ft.: 2,375
- Stories: 3.0
- Lot Size: 1,742 square feet
- Style: Townhouse
- Year Built: 1903
- Year Renovated: —
- County: Berks County
- APN: 14530758638952
Around this home
Schools
Public PreK-4 • Assigned • 0.8mi
Public 5-8 • Assigned • 1.0mi
Public 9-12 • Assigned • 1.1mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 100° expected this year, 15 days in 30 years
15% chance of strong winds in next 30 years
1 unhealthy days expected this year, 4 days in 30 years
Sun exposure
In this area, properties receive around 9.1 hours in June and 3.9 hours in December, placing it below the U.S. average for solar exposure.
Sell confidently with a local market expert in Reading. 3 minutes to get started.
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| Address | Redfin Estimate |
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4 Beds | 3 Baths | 2779 Sq. Ft. | $281,368 |
4 Beds | 2 Baths | 2228 Sq. Ft. | $237,225 |
| Address | Redfin Estimate |
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- Beds | - Baths | 7422 Sq. Ft. | $439,812 |
5 Beds | - Baths | 2730 Sq. Ft. | — |
| Address | Redfin Estimate |
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7 Beds | - Baths | 3748 Sq. Ft. | $421,104 |
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