$5,463 Closing Credit¹
#PABK2055682, William J Sands, Listing Office: Sands & Company Real Estate
$450,000 List price
1500 Centre Ave Reading, PA 19601
$5,344
Closing credit¹
3,030 sqft
0.04 acres
$149 / sqft
Multi-Family
Property details
About 1500 Centre Ave
Investor Special! Welcome to 1500 Centre Ave – a fully rented, cash-flowing multi-unit property perfect for savvy investors. This well-maintained building features four residential units and a rented garage, delivering five separate income streams. The property brings in a Gross Annual Rent Income of $48,900 based on the current rent roll, offering strong returns from day one. Each residential unit has separate utilities, and the common areas are on their own dedicated electric meter, simplifying operations and reducing owner expenses. Upgrades include complete renovations to two residential units(1F and 2R), common area stairwell and the garage, along with exterior improvements that enhance both curb appeal and long-term value. The property is professionally managed by a property management company, which is open to continuing service with the new owner for a smooth transition. This is a turnkey investment opportunity in a high-demand rental market with stable tenants and consistent cash flow. Don’t miss your chance to add this strong performer to your portfolio. Schedule your private tour today!
Highlights
Home typeQuadruplex
HeatingRadiant
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWindow Unit(s)
Size3,030 sqft
BasementYes
Lot size0.04 Acres
Year built1915
ParkingAdditional Storage Area,Covered Parking, Attached Garage,Alley,On Street
MLS #PABK2057698
Garage2 spaces
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Parking: Additional Storage Area,Covered Parking, Attached Garage,Alley,On Street
- Exterior: Fire Escape, Exterior Lighting, Sidewalks, Street Lights, Gutter System
- Architectural Style: Bi-level
- Heating: Radiant
- Cooling: Window Unit(s)
- List Price: $450,000
- Price/SqFt: $148
- Annual Tax Amount: $1,440
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Put address in GPS. On the corner of Amity St and Centre Ave. Across from the school parking lot.
- Year Built: 1915
- Living Area: 3,030 SqFt
- Municipality: Reading City
- Lot Size: 0.04 Acres
- MLS Number: PABK2057698
- MLS Name: BRIGHT
- Office Name: KW Empower
- Office Phone: (215) 627-3500
- Office Email: vicki@kwempower.com
- Listing Agent: Shawn M Krause
- Agent Phone: (610) 207-6650
- Agent Email: shawn.krause@tollrealtygroup.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 8:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$450,000
1500 Centre Ave
$5,344
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 17, 2023 | Home Sold | $240,000 |
| Nov 28, 2012 | Home Sold | $58,200 |
| Jun 27, 2007 | Home Sold | $154,000 |
| Jun 27, 2007 | Home Sold | $154,000 |
| Jun 30, 2005 | Home Sold | $105,000 |
| Jan 30, 1996 | Home Sold | $85,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $54,400 | $1,440 |
| 2023 | $54,400 | $2,378 |
| 2022 | $54,400 | $2,378 |
| 2021 | $54,400 | $2,378 |
| 2020 | $54,400 | $2,354 |
| 2019 | $54,400 | $2,354 |
| 2018 | $54,400 | $2,354 |
| 2017 | $54,400 | $2,338 |
History based on county public records data.
Nearby schools
3
Riverside Elementary School
Public District PK-4
0.1 mi
•1400 Centre Ave
3
Glenside Elementary School
Public District PK-4
0.8 mi
•500 Lackawanna St
5
Northwest Area Elementary School
Public District PK-4
1.0 mi
•820 Clinton St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,036. Most Reading, PA residents have annual incomes less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
48%
<35k
31%
35k-100k
22%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
41%
Single, No Kids
25%
Single, with Kids
15%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
15%
12-17 yrs old
25%
18-34 yrs old
32%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Basketball
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Ross Dress For Less
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Jasons Deli
Golden Corral
What do the neighbors drive?
Chevrolet
Acura
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Adult Standards
All data provided by Home Junction and Claritas
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This home is located at 1500 Centre Ave in Reading, PA and zip code 19601 in the Northwest Reading neighborhood. This 3,030 square foot home, which was built in 1915, sits on a 0.04 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $450,000.
The inventory of homes for sale in Reading, PA between March and April 2025 increased by 94.5%. Listings spent 42 days on the market in April 2025, and had a median list price of $279,949 during the same period.
From Rocket Homes Real Estate and based on county public records data.