550 Douglass Street
Reading, PA 19601
- – beds
- – baths
- 1,312 sqft
- 1,306 sqft lot
- $217 per sqft
- 1912 build
This 3-unit property presents a fantastic opportunity for investors seeking immediate income potential and long-term growth. Two of the three units are currently vacant, offering the chance to hand-pick tenants and maximize rental income. One of the vacant units does need a remodel. The other two units are rent-ready and awaiting occupants. This property has undergone a significant upgrade, converting from oil to gas and featuring brand new, high-efficiency boilers. This ensures lower operating costs and increased tenant appeal.
Last checked:
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Last updated Feb 26, 2025
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MLS# PABK2054036 —
The Building
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Year Built:1912
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Building Units Total:2
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Structure Type:End of Row/Townhouse
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Brick/Mortar
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Basement:Yes
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Basement Type:Unfinished
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1312
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1312
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Living Area SqFt:1,312 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA 203(k)
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Possession:Settlement
Location
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Directions:on the corner of church and douglass st
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Latitude:40.34722000
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Longitude:-75.92644000
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,306 Sqft
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Zoning:MULTI UNIT
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:133R
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 750-0159
- Office phone:
- (484) 450-8771
Taxes
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Tax ID Number:14-5307-59-84-1555
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Tax Year:2024
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Tax Lot:1555
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Tax Annual Amount:$2,029
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Tax Assessed Value:$45,700
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Year Assessed:2024
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School Tax:819.0
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County Tax:381.00
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City/Town Tax:828.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Hot Water
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Heating Fuel:Oil
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas, Electric
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Water Source:Public
Schools
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School District Name:Reading
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:1
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Vacation Rental:No
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One Bedroom Units:2
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/25/25
Feb 25, 2025
|
Listed / Active | BRIGHT | $285,000 |