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Fully leased 4-unit all brick building generating $3,325/mo, with an upside potential of $3700+. Rare 4-family in this neighborhood featuring 2-bedroom units. Property offers ample off-street parking, on-site storage, and vendor-managed coin laundry. Recently renovated units boast hardwood / premium vinyl plank floors, updated counters, cabinets, and baths. Tenants pay electric and cooking gas. Owner pays central heat, water, and trash (total $484/mo on average). Unit A (2BR): $1025 month-to-month. Unit B (Studio): $600 long-term tenant thru 9/30/26. Unit C (2BR): $1000 thru 10/8/26. Unit D (Studio): $700 thru 3/20/27. Rents are below market. All appliances and ACs stay. Great investment opportunity with instant and long-term potential! See pdf file for a list of major repairs. Video walkthroughs available upon request.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1942
  • 0.145 Acre Lot
  • 125 days on Market

  • Bedrooms
    6
  • Bathrooms
    4
  • Year Built
    1942
  • Construction Materials
    Brick
  • Foundation
    Block
  • Parking Features
    Off Street
  • Security Features
    Smoke Detector(s)
  • Cooling
    Window Unit(s)
  • Heating
    Natural Gas, Electric, Hot Water, Radiant
  • Basement
    Full

  • Acres
    0.145
  • Utilities
    Cable Available, Natural Gas Available
  • Water
    Public


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How do I schedule a tour of 58 Gorman Ln?

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How do I get more information about 58 Gorman Ln?

Click Ask a Question to talk with our team. You already know it is a 6 bed, 4 bath, listed for $324,900. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Reading, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 58 Gorman Ln?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 58 Gorman Ln at around $1,849. This includes estimated property taxes and insurance.

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Can I negotiate the asking price for 58 Gorman Ln?

In most cases, yes. Whether 58 Gorman Ln is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Reading's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 58 Gorman Ln?

We can handle that for you. Our preferred local agent specializes in residential incomes in Reading and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

58 Gorman Ln was listed on July 08, 2026, which means it's been on the market for 125 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1942, making it approximately 84 years old.

What is the lot size of this property?

58 Gorman Ln sits on a 0.15-acre lot, which is 6,534 square feet.

Is 58 Gorman Ln still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS of Greater Cincinnati (CincyMLS). All rights reserved.

Last Updated: November 10, 2026 at 07:43PM | Source: MLS of Greater Cincinnati (CincyMLS) | MLS#: 1885483