Property Description

Two-Unit Investment Opportunity in Centre Park Historic District – Ideal for Owner-Occupant Located within the desirable Centre Park Historic District of Reading, this two-unit property offers strong investment fundamentals with flexibility for both investors and owner-occupants. Under the same ownership since 2003, the building reflects long-term stewardship and consistent rental history. Each unit is currently occupied by long-term tenants on month-to-month agreements, providing immediate income with the option for future adjustments. The property features three separate gas meters: one dedicated to the building’s heating system and one for each unit’s cooking and hot water. The owner currently pays for heat and water, while tenants are responsible for their individual gas usage for cooking and hot water. This layout makes the property especially attractive for a buyer seeking a live-in investment opportunity—occupy one unit while generating rental income from the other. Situated just off Centre Avenue, the property benefits from proximity to shopping, dining, parks, public transportation, and major commuter routes. The Centre Park neighborhood is known for its architectural character and historic charm, contributing to long-term neighborhood stability and appeal. While the property could benefit from cosmetic improvements, it offers solid value-add potential and consistent occupancy history. Whether expanding an investment portfolio or purchasing a primary residence with supplemental income, this property presents a compelling opportunity in a well-established location.

Property Features

Local Schools