Bought with Jose M Candelaria • RE/MAX Of Reading
$975,000
$975,000
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1305 HAMPDEN BLVD Reading, PA 19604
0.55 Acres Lot
Key Details
Sold Price $975,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Hampden Heights
MLS Listing ID PABK2072506
Sold Date 07/24/26
Year Built 1925
Annual Tax Amount $9,227
Tax Year 2026
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rarely does a property of this distinction come to market. Originally built for the Beer Baron of Deppen's Brewing Company of Reading, Foxcroft Manor is a landmark multifamily investment that blends 19th-century architectural grandeur with proven income performance. The estate passed to the prominent Duestch family of Reading Clothing Co. in the 1930s before transitioning to investment use — and its legacy of quality has been carefully maintained ever since. The manor features stunning original detailing throughout, including an impressive open foyer with palladium window and original chandelier, and sits on exceptional grounds with driveway access and off-street parking. The property operates as a fully-configured 9-unit income property comprising a range of floor plans from cozy singles to a spacious 2-bedroom, 2-bath unit exceeding 1,300 square feet — including outdoor patios, decks, and courtyard spaces that set these units apart from comparable rentals in the market.
**Investment Highlights:**
- 9 units | Mix of 1BR and 2BR configurations
- Fully rented with long term tenants - All Month to Month leases
- Coin-operated laundry in basement (2 washers, 2 dryers)
- Driveway and 3 off-street parking spaces
- Gas boiler and hot water heater serving the building
- Pro forma 9.8% CAP rate - gross annual income exceeding $130,000 with upside remaining
- Property in excellent working condition
The guest house — a 2-bedroom, approximately 1,500 sq. ft. residence — offers an exceptional owner-occupancy opportunity, live-in management suite, or additional rental income, making this an ideal acquisition for the owner-operator investor. *Serious inquiries and qualified buyers only. No sign on property. Please do not disturb tenants.*
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMM
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Tile/Brick, Wood, Carpet, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Pitched,Slate
Accessibility None
Road Frontage Boro/Township
Total Parking Spaces 3
Garage N
Building
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Northeast
School District Reading
Others
Tax ID 17-5317-10-37-1478
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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