409 Walnut St
Reading, PA 19601
7 Beds
9 Baths
10,350 sqft
7 Beds
9 Baths
10,350 sqft
Home Highlights
Climate Control
Electric Heating
Price/Sqft
$96
Listed
55 days ago
Local Information
- Map ViewExplore the area around 409 Walnut St.
- Schools2 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Walnut St Commons | 409 Walnut St, Reading, PA
Now Offered at $995,000
Walnut St Commons presents an exceptional opportunity to acquire a stabilized 9-unit multifamily investment in the heart of Reading, Pennsylvania—now offered below the $1 million threshold, creating one of the most compelling value opportunities currently available in the market.
With strong in-place cash flow, diversified unit mix, and continued rental upside, the property delivers the combination of immediate income and long-term appreciation sought by both seasoned investors and 1031 exchange buyers.
At the new asking price of $995,000, the asset offers an impressive 8.33% current capitalization rate, increasing to approximately 8.79% on pro forma operations through continued rent optimization. The building’s efficient operation also produces an estimated Debt Service Coverage Ratio (DSCR) of approximately 1.52, increasing to roughly 1.61 on pro forma income, providing strong lender appeal and financing flexibility.
Using conventional investment financing assumptions, Walnut St Commons is projected to generate approximately a 10.2% current Cash-on-Cash Return, improving to nearly 11.9% as rents are brought to market levels—an exceptional return profile for a stabilized asset of this quality.
The property consists of:
* (3) Studio Apartments
* (5) One-Bedroom Apartments
* (1) Two-Bedroom Apartment
Current average rents remain below market in several units, providing investors with a clear and achievable value-add strategy without significant renovation costs. Combined with historically strong occupancy and efficient operating expenses, Walnut St Commons represents a rare opportunity to acquire a cash-flowing multifamily asset with both stability and meaningful upside.
Now Offered at $995,000
Walnut St Commons presents an exceptional opportunity to acquire a stabilized 9-unit multifamily investment in the heart of Reading, Pennsylvania—now offered below the $1 million threshold, creating one of the most compelling value opportunities currently available in the market.
With strong in-place cash flow, diversified unit mix, and continued rental upside, the property delivers the combination of immediate income and long-term appreciation sought by both seasoned investors and 1031 exchange buyers.
At the new asking price of $995,000, the asset offers an impressive 8.33% current capitalization rate, increasing to approximately 8.79% on pro forma operations through continued rent optimization. The building’s efficient operation also produces an estimated Debt Service Coverage Ratio (DSCR) of approximately 1.52, increasing to roughly 1.61 on pro forma income, providing strong lender appeal and financing flexibility.
Using conventional investment financing assumptions, Walnut St Commons is projected to generate approximately a 10.2% current Cash-on-Cash Return, improving to nearly 11.9% as rents are brought to market levels—an exceptional return profile for a stabilized asset of this quality.
The property consists of:
* (3) Studio Apartments
* (5) One-Bedroom Apartments
* (1) Two-Bedroom Apartment
Current average rents remain below market in several units, providing investors with a clear and achievable value-add strategy without significant renovation costs. Combined with historically strong occupancy and efficient operating expenses, Walnut St Commons represents a rare opportunity to acquire a cash-flowing multifamily asset with both stability and meaningful upside.
Last check for updates: about 10 hours ago
Listing courtesy of Frank J. Renaldi, Jr., (484) 788-8682
The Real Estate Firm&PropMngmt, (484) 542-6568
Originating MLS: Lehigh Valley MLS
Source: GLVR, MLS#779632
Also Listed on GLVR.
Home Details for 409 Walnut St
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Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 9 |
Dimensions and Layout Living Area: 10350 Square Feet |
Heating & Cooling Heating: ElectricNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Electric |
Levels, Entrance, & Accessibility Stories: 3Number of Stories: 3 |
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Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 15Days on Market: 55 |
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Year Built Year Built: 1890 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, Apartment |
Building Construction Materials: Brick |
Property Information Parcel Number: 07530774714427 |
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Price List Price: $995,000Price Per Sqft: $96 |
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MLS Status: Active |
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Direction & Address City: Reading CityCommunity: Not in Development |
School Information Elementary School District: ReadingJr High / Middle School District: ReadingHigh School District: Reading |
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Listing Agent Listing ID: 779632 |
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Not Senior Community |
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Association for this Listing: Lehigh Valley MLS |
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Lot Area: 4356 sqft |
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Special Conditions: None |
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Mls Number: 779632Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-42011-N-07530774714427-R-N |
Around this home
What Locals Say about West Reading
At least 62 Trulia users voted on each feature.
91 % Say there are sidewalks
87 % Say it's dog friendly
82 % Say yards are well-kept
81 % Say it's walkable to restaurants
79 % Say streets are well-lit
78 % Say kids play outside
76 % Say car is needed
72 % Say there's holiday spirit
72 % Say people would walk alone at night
65 % Say parking is easy
60 % Say there are community events
60 % Say they plan to stay for at least 5 years
58 % Say there's wildlife
51 % Say neighbors are friendly
49 % Say it's quiet
28 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
Market trends in West Reading
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
9
1MoM
Home Value
Trulia Estimate
$939KSince last month
Increased$13K (+1.4%)Since last year
Decreased$121K (-11.4%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value decreased by -11% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $939K |
| July 2026 | $926K |
| June 2026 | $1.06M |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.16 | Multi-Family Home | $300,000 | 05/29/26 | 4 | 2 | 1,836 | |
0.56 | Multi-Family Home | $450,000 | 09/26/25 | 5 | 4 | 5,100 | |
0.69 | Multi-Family Home | $261,000 | 08/19/26 | 5 | 3 | 2,408 | |
1.06 | Multi-Family Home | $200,000 | 05/22/26 | 5 | 4 | 3,422 | |
0.74 | Multi-Family Home | $252,500 | 05/22/26 | 6 | 2 | 2,456 | |
0.78 | Multi-Family Home | $302,900 | 09/15/25 | 5 | 3 | 2,350 | |
0.25 | Multi-Family Home | $550,000 | 08/25/25 | 2 | - | - | |
0.71 | Multi-Family Home | $256,275 | 01/08/26 | 4 | 2 | 2,200 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $434,900 | 4 | 2 | 2,440 | Recently Sold | |
0.04 | $359,800 | 3 | 1.5 | 1,280 | Off Market | |
0.04 | $335,000 | 4 | 2 | 1,108 | Recently Sold | |
0.06 | $278,500 | 3 | 1 | 1,452 | Recently Sold | |
0.04 | $321,900 | 3 | 1.5 | 1,925 | Off Market | |
0.01 | $262,500 | 3 | 1.5 | 1,666 | Recently Sold | |
0.02 | - | - | - | - | Off Market | |
0.05 | $237,000 | 3 | 1.5 | 1,470 | Recently Sold | |
0.11 | $379,700 | 3 | 2.5 | 1,874 | Off Market | |
0.10 | $294,100 | 6 | 2 | 1,915 | Off Market | |
0.10 | $251,900 | 4 | 1.5 | 1,148 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 9, 2026 Source: GLVR #779632 | PriceChange | $995,000 Price decreased by 9% |
Jun 25, 2026 Source: GLVR #779632 | Listed For Sale | $1,095,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frank J. Renaldi, Jr., The Real Estate Firm&PropMngmt, (484) 542-6568
Agent Phone: (484) 788-8682
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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Frequently asked questions about 409 Walnut St
- What is the estimated monthly payment for 409 Walnut St?Based on a $995,000 list price with 20% down at today's rates, the estimated monthly payment for 409 Walnut St in Reading, PA is approximately $6,483 (about $5,156 principal & interest, $1,252 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Reading?Residents describe Reading, PA as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in Reading, PA.
- What are the closest schools to 409 Walnut St?The closest schools to 409 Walnut St in Reading, PA are West Reading El Center (Elementary, rated 9/10), Wyomissing Area Junior-Senior High School (Middle, rated 7/10), Wyomissing Hills El Center (Elementary, rated 9/10).
- What is 409 Walnut St estimated to be worth?Trulia's estimated value for 409 Walnut St in Reading, PA is $939,200.
409 Walnut St, Reading, PA 19601 is a 7 bedroom, 9 bathroom, 10,350 sqft multi-family built in 1890. This property is currently available for sale and was listed by GLVR on Jun 25, 2026. The MLS # for this home is MLS# 779632.