About 1038 Walnut St
Excellent investment opportunity! Multi-Family with three residential units. The property features a tenant-occupied 1-bedroom unit currently rented for $800/month, with the tenant paying electric heat, hot water, and electric stove. The 1st floor rear studio unit is vacant, recently updated, and has a projected rent of approximately $1,100/month. The 2nd floor host a spacious vacant 2-bedroom unit, offers gas boiler heat and electric hot water. The property includes four separate utility meters, providing ease of management and tenant utility responsibility. Each tenant pays their own electric, hot water and heat. Ideal for investors or owner-occupants looking to generate strong rental income. Live in 1 for free, use the other 2 to cover the mortgage. Schedule a showing!
Features of 1038 Walnut St
| MLS® # | PABK2073908 |
|---|---|
| Price | $299,900 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,355 |
| Acres | 0.03 |
| Year Built | 1900 |
| Type | Residential |
| Sub-Type | Interior Row/Townhouse |
| Style | Other |
| Status | Pending |
Community Information
| Address | 1038 Walnut St |
|---|---|
| Area | Reading City |
| Subdivision | READING |
| City | READING |
| County | BERKS-PA |
| State | PA |
| Municipality | READING CITY |
| Zip Code | 19601 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Has Basement | Yes |
| Basement | Other |
| Fireplace | No |
| Stories | 3 |
Exterior
| Exterior | Vinyl Siding, Aluminum Siding |
|---|---|
| Construction | Vinyl Siding, Aluminum Siding |
| Foundation | Other |
School Information
| District | READING |
|---|
Additional Information
| Date Listed | June 19th, 2026 |
|---|---|
| Days on Market | 82 |
| Zoning | MULT FAMILY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Ownership | Fee Simple |
Listing Details
| Office | Light House Realtors, LLC |
|---|---|
| Contact Info | (484) 273-0056 |