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Eric Weaver

eric@weaver.realestate +1(484) 878-5568

Listed by Brad Mullen • Mullen Realty Associates

$ 975,000

Est. payment | -/mo

0.55 Acres Lot

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$ 975,000

Est. payment | -/mo

Save

0.55 Acres Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Hampden Heights

MLS Listing ID PABK2072506

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

Nearby Locations

Eric Weaver

Agent | RS RS344228

+1(484) 878-5568 | eric@weaver.realestate

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1305 HAMPDEN BLVD Reading, PA 19604

Eric Weaver

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1305 HAMPDEN BLVD