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Courtesy of KW Empower

Sold

1500 Centre Ave

1500 CENTRE AVENUE, READING, PA 19601

$455,000

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!

Studio

3,030 Sq.Ft. LIVING AREA

1,742 Sq.Ft. lot

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/3/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 12/3/2025 at 2:30 AM UTC

Shawn Krause

title REALTOR®
PHONE (610) 207-6650
EMAIL [email protected]
DRE # RS361795

Features & Amenities

Area & Lot

Status Sold
Date Sold July 25, 2025
Living Area3,030 Sq.Ft.
Lot Area1,742 Sq.Ft.
MLS® IDPABK2057698
TypeMulti-Family
YEAR BUILT1915
Architecture StylesBi-level

Exterior

STORIES3
Garage Space2.0
water SourcePublic
lot featuresCorner
parkingAttached Garage, Alley, On Street
HEAT TYPERadiator
AIR CONDITIONINGWindow Unit(s)
sewerPublic Sewer
SubstructureConcrete Perimeter
Disability FeaturesNone
other exterior FeaturesFire Escape, Exterior Lighting, Sidewalks, Street Lights, Gutter System

Financial

Sales Price$455,000
Real Estate Tax $2,452/yr
Zoning R-3

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KW Empower

Phone Number

O: (215) 627-3500

M: (215) 627-6525

[email protected]

Address

728 S Broad St Floor 3
Philadelphia PA 19146

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