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518 FRANKLIN STREETREADING, PA 19602

Multi-Family · 0.03 Acres
$365,000 ACTIVE

518 FRANKLIN STREET Overview

Time on Site:
11 hours
Visits:
0

Exceptional investment opportunity in the heart of Reading! The property is fully occupied and provides immediate rental income, making it an excellent addition to any investment portfolio. Income-producing multifamily investment opportunity. Strong cash-flowing property with immediate income potential. Conveniently located near shopping, dining, schools, and public transportation. Easy access to major commuter routes. Excellent addition to an investment portfolio or for a first-time investor. Tenant Pays: Electric and gas. Appliances Included: Stove and refrigerator. Convenient location near shopping, dining, schools, public transportation, and major commuter routes. Excellent addition to any investment portfolio.

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518 FRANKLIN STREET Facts & Features

  • Type Multi-Family
  • Lot 0.03 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Yearly,Month to Month
  • Gross Income: 40504.00
  • Income Includes: Apartment Rentals
  • Net Operating Income: 12923.57
  • Operating Expense Includes: Trash
  • Trash Expense: 2520.00

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 0
  • Year Built: 1900

Location/Region

  • Country: US
  • County: BERKS
  • County Or Parish: BERKS
  • MLS Area Major: Reading City (10201)

Parking Information

  • Type of Parking: On Street

Tax Information

  • City/Town Tax: 563.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 264.00
  • County Tax Payment Frequency: Annually
  • School Tax: 525.00
  • Tax Annual Amount: $1,352.00
  • Tax Assessed Value: 29300.00
  • Tax Year: 2025

General Information

  • Property Condition: Good
  • Property Sub Type: Quadruplex
  • Property Type: Multi-Family
  • School District Name: READING
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: RESIDENTIAL

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Interior

Building Information

  • Cooling Fuel: None
  • Heating Fuel: Electric

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Interior Row/Townhouse

Building Interior

  • Above Grade Finished Area: 0
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Other

General Information

  • Accessibility Features: None
  • Appliances: Refrigerator
  • Cooling: None
  • Fireplace: No
  • Foundation Details: Other
  • Interior Features: Carpet
  • Living Area: 0
  • Living Area Source: Assessor

Unit Information

  • One Bedroom Units Count: 2
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 2

Exterior

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1306.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4
  • Number Of Units Vacant: 0
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 985.00

Unit 2 Details

  • Unit Type: Unit 2
  • Total Rent: 900.00

Unit 3 Details

  • Unit Type: Unit 3
  • Total Rent: 840.00
  • Beds Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Total Rent: 840.00

518 FRANKLIN STREET Neighborhood

Community

19602 (READING) Demographics

32
Median Age
6,458
Population Density (per sq. mile)
17%
College Educated
$32,262
Estimated Median Income
1,997
Estimated Total Home Owners
4,123
Estimated Total Renters
33% / 67%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

518 FRANKLIN STREET Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

518 FRANKLIN STREET Market Data

Based on the last 30 days in this zip code

$173,375
Average List Price
$127
Average Price per Square Foot
7
Properties Sold
79
Average Days on Market
46
Properties for Sale
Calculations provided by Reliance Network

518 FRANKLIN STREET History

Date Event Value Agent
6/30/2026Source: BRIGHT MLS Added to Database
June 30, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 12, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 12, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 13, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 13, 2021
Listing provided courtesy of Bold Realty- MLS# PABK2074060MLS ProviderContact Information: [email protected] - 6103738701