301 Schuylkill Ave
Reading, PA 19601
- Studio
- 950 sqft
Studio
950 sqft
Local Information
-- mins to
Home Highlights
Property Type
Condo
Year Built
1890
Living Area
950 sqft
Price/Sqft
$219
About this House
Back on the market! Excellent cash flow investment! Ver large & well maintained 4 unit building near downtown Reading consisting of 3 residential units and 1 commercial storefront unit. Located at the corner of Elm & Schuykill Ave just down from the FineFare Super Market and near the Goggle Works. Unit 1 - 1st floor front, the storefront commercial unit known as Mercedes Multi-Services has 3 rooms, a lobby, office, kitchen & powder room, electric baseboard heat, electric hot water, rented for $600/month by a 7-8 year tenant. Unit 2 - 1st floor rear has 4 rooms, 2 BRS, tiled kitchen floor, tiled bath, laminate floors, rented for $650/month by a new tenant inn11/19. Unit 3 - 2nd & 3rd floor front has 4 rooms, 2 private BRS, tiled kitchen, carpeting, electric baseboard heat, electric hot water, rented for $600/month. Unit 4 - 2nd floor rear has 3 rooms, 1 BR, tiled bath, laminate & vinyl floors, electric baseboard heat & hot water, rented for $550/month by a 6 year tenant. There are 3 electric water heaters, 1 in the basement and 2 in the 2nd floor storage room. 1 Gas hot water heater in basement is not being used. 2 Gas furnaces in basement and 2 in 2nd floor storage room are not being used. 2 Breaker panels are also in the 2nd floor storage room. Total annual income: $28,800. Total expenses: $6,249. Net operating income: $22,551. Expenses breakdown: Taxes: $1,445. W/S/T/R: $2,700. Insurance: $1,800. Electric: $204. Permits: $100. Cap Rate: 15.00%. The storefront can only be shown during business hours 9:00-5:00 Monday-Friday and Saturday 9:00-2:00. Closed on Sunday. Tenants pay for their electric which includes heat, hot water & cooking. Owner pays for W/S/T/R. Very stable & solid investment opportunity and a must for your investment portfolio. Schedule today to see it! Won't last long!
301 Schuylkill Ave, Reading, PA 19601 is a studio, 950 sqft condo built in 1890. More recently, it was listed as a rental in July 2018 with an asking price of $600 per month. That rental listing was removed on August 30, 2018. It is currently off market. The Trulia Estimate is $208,300, with a rent estimate of $1,229/month.
Home Details for 301 Schuylkill Ave
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Heating & Cooling Heating: Baseboard, ElectricHeating Fuel: Baseboard |
Appliances & Utilities Refrigerator |
Levels, Entrance, & Accessibility Floors: Carpet |
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Year Built Year Built: 1890 |
Property Type / Style Property Type: Condo |
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Exterior Home Features Exterior: Brick |
Parking & Garage Parking: Off Street |
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Units in Building: 4 |
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Lot Area: 1306 sqft |
Price History for 301 Schuylkill Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/25/2020 | $150,000 | ListingRemoved | Agent Provided |
| 03/24/2020 | $150,000 | PendingToActive | Agent Provided |
| 12/02/2019 | $150,000 | Pending | Agent Provided |
| 10/28/2019 | $150,000 | Listed For Sale | Agent Provided |
| 08/30/2018 | $600 | ListingRemoved | N/A |
| 07/31/2018 | $600 | Listed For Rent | N/A |
| 04/07/2017 | $550 | ListingRemoved | N/A |
| 04/05/2017 | $550 | Listed For Rent | N/A |
| 06/02/2009 | $89,900 | ListingRemoved | Agent Provided |
| 05/18/2009 | $89,900 | Listed For Sale | Agent Provided |
Market trends in Reading
Last updated June 2026
Avg. sale price
$247K
$10KMoM
Sale-to-List Price
100.3%
Price per sq ft
$157
$3MoM
Available listings
360
25MoM
Comparable Sales for 301 Schuylkill Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.64 | Condo | $115,000 | 11/13/25 | 5 | 1 | 1,798 | |
0.82 | Condo | $105,000 | 10/16/25 | 4 | 1 | 1,430 | |
1.25 | Condo | $40,000 | 08/05/25 | 3 | 1 | 1,022 | |
1.20 | Condo | $123,000 | 09/08/25 | 5 | 1 | 1,349 | |
1.17 | Condo | $42,000 | 07/10/26 | 5 | 2 | 1,682 | |
1.19 | Condo | $63,000 | 03/09/26 | 5 | 1 | 1,586 | |
1.41 | Condo | $159,000 | 11/21/25 | 2 | 1.5 | 1,077 | |
1.41 | Condo | $155,000 | 07/07/26 | 2 | 2 | 1,077 | |
1.41 | Condo | $159,000 | 11/24/25 | 2 | 1.5 | 1,077 | |
1.41 | Condo | $152,000 | 06/25/26 | 2 | 2 | 1,077 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 301 Schuylkill Ave.
What Locals Say about Reading
At least 1993 Trulia users voted on each feature.
81 % 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
54 % 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.
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