This five-unit property offers an investor an opportunity to acquire an established income-producing property with a diverse mix of occupants. The property includes two efficiency apartments, one one-bedroom apartment, one two-bedroom apartment, and a two-story garage. The garage is leased to a roofing business, providing an established commercial component and additional rental income. The property also benefits from established tenancy. One of the residential units is occupied by BCC, which has a long-term client residing in the home. One efficiency apartment is currently vacant. Several significant capital improvements have already been completed, including a new hot water heater, a high-efficiency heating system installed approximately two years ago, and a rubber roof installed approximately four years ago. The garage roof has also been updated. The owner currently pays all utilities. With a mix of residential units, an established commercial tenant, recent major improvements, and one currently vacant unit, this property provides an investor with existing rental income along with an opportunity to increase occupancy and maximize the property's income potential.
Bingaman Park, located between Penn Street and the Schuylkill River, is a residential and park-adjacent Reading neighborhood with riverfront green space and a grid of older rowhomes. The neighborhood’s character concentrates around the Bingaman Street entrance to Riverfront Park, where ballfields, walking paths, and weekend activity set the tone. Brick facades and compact blocks give the streetscape a classic Reading feel, with porches and stoops shaping everyday street life. The river edge reads as the neighborhood’s open-air living room, linking to trails and long views across the water. Nearby anchors like GoggleWorks Center for the Arts, Santander Performing Arts Center, and the Reading Public Museum add cultural gravity beyond the blocks.
Provided by Walk Score and Local Logic
Offer insights
409 S 4th St · $450,000
$466K and above
75% chance or better to win
Why $466K+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 8 days.
SALE-TO-LIST
93.2%
Most homes are selling 7% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Unfinished basement
Bedrooms
Two 1-bedroom units
One 2-bedroom unit
Two single-room units
Heating & cooling
Hot water heating
Natural gas heating fuel
Natural gas hot water
Exterior features
Downtown location
Bus stop within 1 mile
Cross street: Pine
Directions: From Penn St, take 4th St south
Home design
Interior townhouse/rowhouse design
3 total levels
4 total units
Fee simple ownership
Parking
On-street parking
Garage(s) present
Construction
Stucco construction
Stone foundation
Rubber roof
Above-grade other structures
Utilities
Public water
Public sewer
Financial info
Total actual rent: $53,256
Improvement assessed value: $41,700
Land assessed value: $9,000
Tax assessed value: $50,700
Tax year: 2026
Existing lease types: Month to Month, Yearly
Number of units leased: 5
Number of units vacant: 1
Number of month-to-month units: 2
Electricity and solar
View estimated energy costs and solar savings for this home