$10,000 Closing Credit¹
#PABK2054900, Jimmy Thelusca, Listing Office: Pagoda Realty
$1,250,000 List price
401 Walnut St Reading, PA 19601
$10,000
Closing credit¹
11,000 sqft
0.1 acres
$114 / sqft
House
Property details
About 401 Walnut St
Prime Commercial Investment Opportunity in Reading City This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this versatile 3-building corner property offers significant potential. The asset includes 12 residential units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was previously a Laundromat. Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for water, sewer, property taxes, and trash removal. While the property requires some TLC, it offers great upside potential for the right investor. Showings are available to qualified buyers only, ensuring a smooth and efficient transaction. This property presents a rare combination of residential, commercial, and storage spaces in a prime location—don’t miss out on this exceptional investment opportunity!
Highlights
Home typeOther
HeatingOther
StatusSale Pending
(PENDING)
(PENDING)
Size11,000 sqft
BasementYes
Lot size0.11 Acres
Year built1880
ParkingOn Street
MLS #PABK2051414
Summary
- Basement: Yes
- Parking: On Street
- Architectural Style: Traditional
- Heating: Other
- Cooling: None
- List Price: $1,250,000
- Price/SqFt: $113
- Annual Tax Amount: $5,053
- Tax Year: 2024
- Directions: 3rd to walnut
- Year Built: 1880
- Living Area: 11,000 SqFt
- Municipality: Reading City
- Lot Size: 0.11 Acres
- MLS Number: PABK2051414
- MLS Name: BRIGHT
- Office Name: Iron Valley Real Estate of Berks
- Office Phone: (484) 450-8771
- Office Email: admin@ironvalleyrealestateofberks.com
- Listing Agent: John H Gantkowski Jr.
- Agent Phone: (610) 780-3024
- Agent Email: realtyjohng@gmail.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: 5/22/2025, 11:20:30 PM 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
$1,250,000
401 Walnut St
$10,000
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 22, 2018 | Home Sold | $250,000 |
| Aug 18, 2010 | Home Sold | $175,000 |
| Aug 08, 2006 | Home Sold | $400,000 |
| Jul 14, 2004 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $190,900 | $5,053 |
| 2023 | $190,900 | $8,345 |
| 2022 | $190,900 | $8,345 |
| 2021 | $190,900 | $8,345 |
History based on county public records data.
Nearby schools
6
Lauer's Park Elementary School
Public District PK-4
0.2 mi
•251 N 2nd St
2
Tyson-Schoener Elementary School
Public District PK-4
0.6 mi
•315 S 5th St
4
10th and Penn Elementary School
Public District PK-4
0.6 mi
•955 Penn 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 $21,071. Typical income of Reading, PA residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
64%
<35k
36%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
31%
Single, with Kids
7%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
9%
12-17 yrs old
30%
18-34 yrs old
30%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
UFC
Pro Wrestling- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Chico's
Where do the neighbors go to eat?
Burger King
Cicis Pizza
Popeyes
What do the neighbors drive?
Buick
Pontiac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz- Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 401 Walnut St
The listing price of 401 Walnut St property is $1,250,000.
The property 401 Walnut St is a house located in Reading, Pennsylvania, 19601.
Sale Pending: 401 Walnut St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 401 Walnut St are: Lauer's Park Elementary School (GreatSchools Rating 6/10), Tyson-Schoener Elementary School (GreatSchools Rating 2/10), 10th and Penn Elementary School (GreatSchools Rating 4/10), Southwest Middle School (GreatSchools Rating 4/10), Southern Middle School (GreatSchools Rating 4/10), Central Middle School (GreatSchools Rating 4/10), Reading Senior High School (GreatSchools Rating 2/10), Wyomissing Area Jr. / Sr. High School (GreatSchools Rating 5/10), Governor Mifflin High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $5,053 (source: MLS/based on county public records data).
The last sale was on May 22, 2018 for $250,000 (source: MLS/tax record).
The property at 401 Walnut St has 0 bathroom.
The property 401 Walnut St is 11,000 SqFt (source: MLS/tax record).
The year of construction for 401 Walnut St is 1880.
This home is located at 401 Walnut St in Reading, PA and zip code 19601 in the Northwest Reading neighborhood. This 11,000 square foot home, which was built in 1880, sits on a 0.11 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since November 25, 2024 and is currently priced at $1,250,000.
The number of homes for sale in Reading, PA increased by 94.5% between March and April 2025. In April 2025 median list price was $279,949 and the average listing age was 42 days.
From Rocket Homes Real Estate and based on county public records data.