MLS# PABK2054904
Status: ACTIVE
238 S 5TH ST
READING, PA 19602
$849900.00
Commercial Sale
Year Built: 1900
Sq Ft: 6206.00
Building Area: 6206.00
Acres: 0.14
| Contact: |
Jimmy Thelusca |
|
Pagoda Realty Phone: 6109857700 |
Photos
Map
Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units — a front building with seven units and a rear building with two units.
Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify).
With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand.
Whether you’re looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability.
Bring an offer! Motivated seller—room to negotiate with a fair and reasonable offer.
Additional Features
Location Type: Downtown
School District Name: READING
Directions: Right on Penn St and Right onto S 5th St
MLS Area: Reading City (10201)
Lot Features: Backs - Open Common Area,Rear Yard
Tax ID Number: 04-5306-35-78-6684
Zoning: COMMERCIAL
Land Use Code: 4200
Ownership Interest: Fee Simple
Hot Water: Electric,Natural Gas
Roof: Other
Heating Type: Other
Flooring Type: Carpet,Hardwood,Tile/Brick,Vinyl,Wood,Other
Construction Materials: Brick
Cooling Type: None
Sewer Septic: Public Sewer
Utilities: Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Water Source: Public
Listing Entry Date: March 25, 2025
Tax Annual Amount: 10497.00
Tax Assessed Value: 232900.00
Tax Year: 2024
Price Per SQFT: 136.95
