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145 Spring Valley Rd, Reading, PA, 19605

10beds
7baths
0sqft
$944,900
--price/sqft
$6,568/moest. monthly cost
$262,720/yrincome needed

About This Home

Rare opportunity to acquire a detached 7-unit investment property offering strong cash flow, low expenses, and long-term stability. This well-maintained building features a solid tenant base with mostly long-term occupants, delivering consistent monthly income of $8,970 with minimal annual expenses of just $14,211. Designed for efficiency, each unit is separately metered with tenants paying their own electric and heat, significantly reducing owner overhead. Every unit is equipped with a high-efficiency combi system providing heat and on-demand hot water—eliminating traditional tanks while offering modern, reliable performance. The property also includes three garages, creating additional income potential, along with ample on-site parking for tenants and extra spaces that can be rented for added revenue. As a detached building, it offers privacy, strong curb appeal, and ease of management compared to attached properties. Located in the highly desirable Muhlenberg School District, this property benefits from strong rental demand and convenient access to major routes, shopping, and everyday amenities. A true turnkey, income-producing asset with excellent fundamentals and upside potential—ideal for any investor looking to expand their portfolio.

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

5/10
3/10
Muhlenberg Middle SchoolGrades 7-91.0 mi
3/10
Muhlenberg High SchoolGrades 10-121.3 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1900

Materials

  • Foundation: Permanent
  • Roof: Flat,Shingle,Pitched
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Instant Hot Water

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 7

Features

  • Flooring: Carpet,Laminate,Vinyl

Heating & Cooling

  • Heating features: Hot Water,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 0

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 66531809153812
  • Zoning: 6 UNIT COMM
  • Zoning description: Commercial
  • Special condition: Standard
  • Exclusions: Personal Property

Features

  • Pool features: None

Lot

  • Lot size: 9,147 sqft
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 23
  • Parking features: Garage Faces Rear,Off Street,Parking Lot,Detached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3