1500 Centre Ave, Reading, PA 19601
OFF MARKET

1500 Centre Ave
Reading, PA 19601

  • 3 Beds
  • 5 Baths
  • 3,030 sqft
3 Beds
5 Baths
3,030 sqft

Local Information

Map showing home location
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Description

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!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from July 26, 2025

Home Highlights

Parking
2 Car Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 1500 Centre Ave

Interior Features

Interior Details
Basement: Unfinished,Garage Access,Interior EntryNumber of Rooms: 1Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 5
Dimensions and Layout
Living Area: 3030 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater, Gas Water Heater
Heating & Cooling
Heating: Radiator,Natural GasHas CoolingAir Conditioning: Window Unit(s),ElectricHas HeatingHeating Fuel: Radiator
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Number of Stories: 3Levels: Bi-LevelAccessibility: None
View
No View
Security
Security: Fire Escape

Exterior Features

Exterior Home Features
Other Structures: Above Grade, Below GradeExterior: Lighting, Sidewalks, Street Lights, Rain GuttersFoundation: Concrete PerimeterNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Storage,Covered,Attached,Alley Access,On Street
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1915
Property Type / Style
Property Type: Residential IncomeProperty Subtype: TownhouseStructure Type: End of Row/TownhouseArchitecture: End of Row/Townhouse
Building
Construction Materials: BrickNot a New Construction
Property Information
Not Included in Sale: Any Of The Sellers Personal ItemsIncluded in Sale: Tenants And Tenants Belongings.Parcel Number: 15530733680416

Price & Status

Price
List Price: $450,000
Status Change & Dates
Off Market Date: Fri Jul 25 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: CLOSED

Location

Direction & Address
City: READING
School Information
Elementary School District: ReadingJr High / Middle School District: ReadingHigh School District: Reading

Building

Building Area
Building Area: 3030 Square Feet

Lot Information

Lot Area: 1742 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: Common Area Maintenance, Management, Insurance, Pest Control, Repairs, Snow Removal, Taxes - Personal property, Taxes - Real Estate, Trash Collection, Water

Miscellaneous

BasementMls Number: PABK2057698Municipality: READING CITY
Last check for updates: about 5 hours ago
Listed by Shawn Krause, (610) 207-6650
KW Empower
Listing Team: The Toll Group
Bought with: Felix Munoz, (610) 780-6141, Century 21 Gold
Source: Bright MLS, MLS#PABK2057698

Price History for 1500 Centre Ave

DatePriceEventSource
07/25/2025$455,000Sold
Bright MLS #PABK2057698
07/18/2025$450,000PendingBright MLS #PABK2057698
06/12/2025$450,000ContingentBright MLS #PABK2057698
05/23/2025$450,000Listed For SaleBright MLS #PABK2057698
05/17/2023$240,000Sold
N/A
11/28/2012$58,200Sold
N/A
08/24/2012$69,900ListingRemovedAgent Provided
08/14/2012$69,900PriceChange
Agent Provided
07/13/2012$74,900PriceChange
Agent Provided
07/08/2012$0Listed For SaleAgent Provided
08/06/2011$109,900ListingRemovedAgent Provided
03/07/2011$109,900Listed For SaleAgent Provided
11/15/2010$119,900ListingRemovedAgent Provided
06/13/2010$119,900PriceChange
Agent Provided
06/09/2010$119,000PriceChange
Agent Provided
05/01/2010$124,900PriceChange
Agent Provided
04/02/2010$139,900PriceChange
Agent Provided
08/07/2009$144,900PriceChange
Agent Provided
06/06/2009$149,000PriceChange
Agent Provided
05/23/2009$154,900PriceChange
Agent Provided
02/18/2009$161,900PriceChange
Agent Provided
01/27/2009$169,900Listed For SaleAgent Provided
10/03/2008$149,000ListingRemovedAgent Provided
05/28/2008$149,000PriceChange
Agent Provided
02/01/2008$169,900Listed For SaleAgent Provided
06/27/2007$154,000Sold
N/A
06/30/2005$105,000Sold
N/A
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Property Tax and Assessment

Year2025
Tax$2,452
Assessment$54,400
Home facts updated by county records

Comparable Sales for 1500 Centre Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1627 Centre Ave, Reading, PA
0.16
Multi-Family Home
$249,900
12/05/25
3
-
2,223
815 Weiser St, Reading, PA
0.72
Multi-Family Home
$225,000
04/17/26
3
2
1,641
806 N 3rd St, Reading, PA
0.72
Multi-Family Home
$200,000
05/22/26
5
4
3,422
258 Jameson Pl, Reading, PA
0.73
Multi-Family Home
$275,000
12/04/25
6
2
2,908
725 Pear St, Reading, PA
0.79
Multi-Family Home
$217,000
03/30/26
4
2
1,918
462 Centre Ave, Reading, PA
1.06
Multi-Family Home
$310,000
06/17/25
4
3
2,802
1032 N 5th St, Reading, PA
0.57
Multi-Family Home
$260,000
09/24/25
4
-
2,101
218 W Oley St, Reading, PA
0.88
Multi-Family Home
$256,275
01/08/26
4
2
2,200

Nearby homes

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Assigned Schools

These are the assigned schools for 1500 Centre Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Reading

At least 1992 Trulia users voted on each feature.

  • 82 % Say there are sidewalks

  • 78 % Say car is needed

  • 75 % Say it's dog friendly

  • 73 % Say yards are well-kept

  • 69 % Say there's holiday spirit

  • 67 % Say kids play outside

  • 58 % Say it's walkable to grocery stores

  • 53 % Say streets are well-lit

  • 53 % Say parking is easy

  • 51 % Say people would walk alone at night

  • 48 % Say it's walkable to restaurants

  • 48 % Say they plan to stay for at least 5 years

  • 48 % Say neighbors are friendly

  • 46 % Say it's quiet

  • 43 % Say there's wildlife

  • 28 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "I've lived in this neighborhood for almost 10 yrs and love it. Nice people and stores and restaurants within walking distance and a Safe feeling when out walking!"
    0
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  • Enjoli Ruley-Yates
    "Know what part of reading and what school district you are looking to move into. Parking is crazy in the city."
    0
    Flag
  • Kiara Felix Cruz
    "Parents generally prioritize fostering a safe, loving, and nurturing environment that promotes their child's long-term well-being and independence. Key priorities include providing unconditional love, establishing consistent boundaries, building strong communication, and modeling good behavior. Parents also highly value teaching responsibility and"
    0
    Flag
  • Trulia User
    "This area is a Friendly area but please make sure you check the predator app cause they are several in the area for those people who have children."
    0
    Flag
  • Trulia User
    "Very cheap, too many jobs opportunities,the cost of leaving is not that bad ,good people, is like all different states that has their good side and the bad side."
    0
    Flag
  • Kiara Felix Cruz
    "Dog owners in Reading love the abundance of scenic green spaces, such as Gring’s Mill Recreation Area and the Reading Public Museum Arboretum, which feature extensive walking trails. Secure, off-leash play is a major plus at spots like Jim Dietrich Dog Park and the new Schlegel Park facility"
    0
    Flag
  • Trulia User
    "Bus transportation at every corner, easy to get around either by walking, bus, bike, scooter, handicap rams on corners. Traffic light"
    0
    Flag
  • Ki
    "They treat you like family and are very awesome towards you they have block parties they get along monster the race color appearance "
    2
    Flag
  • Shane81evans
    "Quit streets good hard working people A neighborhood's uniqueness comes from its unique blend of people, local businesses, amenities, and character. Factors like safety, the quality of schools, and community atmosphere contribute to its distinct identity, while specific features such as a thriving food scene, parks, or a rich history can make it special. Ultimately, a neighborhood becomes unique through the relationships residents build, the shared meanings they attach to places, and the lifestyle it"
    0
    Flag
  • Fred Matias
    "Our neighborhood is quite and safe. We have children in the neighborhood running up and down the block. There are no issues nor problem in our Nieghbor’s. "
    0
    Flag
  • ReadingRenter
    "Need a car for anything unless taking public transportation. 5th street highway is the best location for the city of reading. "
    0
    Flag
  • Jose Pinheiro
    "If you’re looking for the perfect place to call home, let me introduce you to my outstanding neighborhood — a true hidden gem! 🌿 ✅ Safe and Secure – Peace of mind is priceless, and here we enjoy a strong sense of safety and community watch. ✅ Quiet & Peaceful – Away from the noise, close to nature, and perfect for families, retirees, or anyone who values a calm environment. ✅ Friendly Neighbors – The kind of place where people still wave hello, lend a hand, and make you feel at home. ✅ Beautiful Streets & Well-Kept Homes – Pride of ownership is everywhere you look. ✅ Perfect Location – Convenient access to schools, parks, local shops, and commuter routes."
    0
    Flag
  • Fred Matias
    "No community events are or have been done here, but I would love to have a neighborhood block party to celebrate us as a people. "
    0
    Flag
  • Ktweber
    "I live in a pet friendly apartment complex and see many people walking their dogs around. Most people keep their dogs on leash. "
    0
    Flag
  • A.delacruzh
    "El Hass special event to make my community special because it’s too many culture that’s why are dividid"
    0
    Flag
  • Yoel Mejia Brito
    "Great community and great neighborhood beautiful people I am very happy living here I am secure and protected "
    0
    Flag
  • Juliocesarsalcedod
    "We have some events in special dates, for example in summer we have a special event for example kids parks. "
    0
    Flag
  • Keona Thompson
    "It’s peaceful and quiet for the most part and the cleanest area throughout reading beside the suburbs "
    0
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  • Leslie.perez1768
    "I don’t know cause I don’t have a dog but there are to many dogs in my area of reading and I’m allergic to them so it’s not really a good area for people allergies to Live in"
    0
    Flag
  • Lena Taniyo
    " There is a lot of people walking their dogs around Exeter neighborhoods. For the most part everyone picks up after their dogs. Just remember always leash your dog! :) "
    0
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  • Oscarasocorro
    "Diversity of culture is what makes this neighborhood so unique and special, you can find and see everything in here"
    0
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  • Jennsantanao.04
    "I need more space where to have my pet and I want an extra room and a better school nearby for my daughter."
    0
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  • Morsletine67
    "There are a lot of people that walk their dogs in this area and most people are animal friendly, but you do have some people that put up signs to keep off lawn. The reason I believe this happens is because you do have some people, very few, that will walk their dogs at night and not clean up. As a dog owner, I always clean up after my dog and I get very annoyed when I am walking and I see that someone didn’t clean up after their dog. "
    0
    Flag
  • Jul Kastle
    "Very Friendly Neighborhood~We Feel safe in our Community. Everyone is friendly and welcoming..Nice place to call Home. "
    0
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  • Jfinks69
    "Neighbors are respectful of each other and their properties. The area is maintained and is close enough to shops and businesses without being too close. "
    0
    Flag
  • Morgan
    "724 can be backed up at times, which is annoying. Local groceries, post office, school and farmers market is all very convenient. "
    0
    Flag
  • Pchacon2122
    "Neighbors are pet friendly and I have ample space for my dogs in my yard. I feel my dogs are safe in our yard/home "
    5
    Flag
  • D. Rivera
    "Absolutely nothing. I moved here because I lived among the elderly and they began moving and selling their homes after Covid. Now the neighbors are loud with music playing constantly. Outside smoking weed and using profanity all the time. Gets worse during the summer time. I cannot let my kids outside to ply because there is no respect for them as children."
    25
    Flag
  • hm96
    "Some people do not keep their dogs quiet, then the barking picks up when people or another dog is walking by. "
    0
    Flag
  • Keesha Hill
    "The area of safety the schools and shopping the community overall The living of country suburban life "
    0
    Flag
  • Trulia User
    "Never leave your children alone outside. Many predators live in the area and it’s just not safe to leave them alone. "
    13
    Flag
  • Trulia User
    "My neighborhood has great access to public transportation. It's near to a lot of market, you can get your foods ordered and delivered with no problem. "
    5
    Flag
  • Trulia User
    "I have everything l need close and you can buy cheap. A lot of job opportunities and excellent payments. The rent is not expensive and you can buy a house for an Amazing price. "
    0
    Flag
  • Trulia User
    "My neighborhood is dangerous and not safe for kids. I am expecting twins and do not feel comfortable living here."
    10
    Flag
  • Trulia User
    "Evening music and live action and drama. There are usually festivals and community events during all seasons "
    1
    Flag
  • Trulia User
    "There’s a dog swim every year on the last day that the pool is open where the dogs of the area get to go swimming. They also do a family night out every year where they show a movie on a big screen and have police and fire trucks teaching safety and playing games and vendors "
    3
    Flag
  • Cjmayernik
    "easy access to major roadways heading towards Lancaster and Ephrata area as well as towards the Exeter and Philadelphia areas"
    0
    Flag
  • Tamara.manke
    "1 hr to Philadelphia, Allentown, Harrisburg. 25 minutes to Pottstown, Lancaster, Boyertown. 15 minutes to downtown Reading."
    0
    Flag
  • Shane W.
    "great community to live in. lots of areas for kids and adults to both do and have activities.........."
    0
    Flag
  • Nilrivera
    "good neighbors and there is a park up the next block short distance to buy stop and Groceries store and a pharmacy Rite aid.."
    5
    Flag

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Homes for sale near 1500 Centre Ave

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Off Market Homes Near 1500 Centre Ave

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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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc. Click here for more information

Homes for rent near 1500 Centre Ave

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1500 Centre Ave, Reading, PA 19601 is a 3 bedroom, 5 bathroom, 3,030 sqft multi-family built in 1915. This property is not currently available for sale. 1500 Centre Ave was last sold on Jul 25, 2025 for $455,000 (1% higher than the asking price of $450,000).