Map of Property

Fully Leased 5 Unit

For Sale

1361 Perkiomen Ave, Reading, PA 19602

This Reading property for sale is located at 1361 Perkiomen Ave. The current listed sale price for Fully Leased 5 Unit is $499,900. Fully Leased 5 Unit is situated on a lot that is 0.29 acre in size.

Contacts

broker
Naomi Brown, CCIM

Capstone Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 4,750 SF
  • Units 5
  • Lot Size 0.29 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1931
  • Date Updated Aug 7, 2025
xDon’t miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area. This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 2 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water. Contact agent for group tour dates.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Fully rented with strong rents
  • Generous off-street parking
  • Well maintained w/ great tenants

Getting around

  • 71/100

    Walk Score ®

  • 28/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Reading, PA
  • Zip Code 19602

Points of Interest

  • Sunoco

    0.29 miles

  • Turkey Hill Minuit Market

    0.79 miles

  • Speedway

    1.38 miles

  • Gulf

    1.45 miles

  • Wawa

    1.52 miles

  • Exxon

    1.73 miles

  • Turkey Hill

    1.87 miles

  • Lukoil

    1.88 miles

  • SSC Gasoline

    1.98 miles

  • ChargePoint

    2.08 miles

  • 10th and Penn Lot

    0.51 miles

  • BTC 10 Minute Parking

    0.69 miles

  • BARTA Park-n-Transit Garage

    0.78 miles

  • DoubleTree Garage

    0.78 miles

  • South Penn Garage

    0.80 miles

  • State Lot

    0.81 miles

  • 7th and Washington Lot

    0.81 miles

  • Pavilion Parking

    0.82 miles

  • Reed and Court Garage

    0.84 miles

  • Poplar and Walnut Garage

    0.86 miles

  • DoubleTree by Hilton Hotel Reading

    0.77 miles

  • Candlewood Suites

    1.76 miles

  • Courtyard

    2.54 miles

  • Holiday Inn Express & Suites

    2.57 miles

  • Red Roof Inn Reading

    2.83 miles

  • Days Inn by Windham

    3.15 miles

  • Crowne Plaza Reading

    3.34 miles

  • Hampton

    3.49 miles

  • Residence Inn Reading

    3.53 miles

  • Fairfield Inn & Suites

    4.39 miles

  • Redner's

    1.74 miles

  • Boscov's

    2.71 miles

  • Shillington Farmers Market

    2.77 miles

  • Giant

    2.83 miles

  • ALDI

    2.99 miles

  • Target

    3.07 miles

  • Farmers Market of Wyomissing

    3.17 miles

  • The Shoppes at Wyomissing

    3.20 miles

  • Ross

    3.23 miles

  • Sears

    3.24 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Naomi Brown, CCIM

Capstone Commercial

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.