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MLS# PABK2063726

Status: ACTIVE
731 WASHINGTON ST
READING, PA 19601
$475000.00

Commercial Sale
Year Built: 1915
Sq Ft: 3200.00
Building Area: 3800.00
Acres: 0.05
Contact:
Taj Simmons
EXP Realty, LLC
Phone:   8883977352
Photos
Map
Exceptional investment opportunity in the heart of Reading. This mixed-use property combines 729 and 731 Washington Street, which have been annexed and are now considered one building. Fully renovated in 2016, the property offers two commercial units and two residential apartments, providing both stability and upside potential for investors or owner-operators. The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a café with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024–2025. This property generates consistent rental income and, at the asking price of $500,000, reflects an attractive 8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.

Additional Features

Location Type: Downtown
School District Name: READING
Directions: Please use GPS
MLS Area: Reading City (10201)
Tax ID Number: 08-5307-84-90-2887
Zoning: MIX C
Land Use Code: 4113
Ownership Interest: Fee Simple
Hot Water: Natural Gas
Roof: Pitched
Heating Type: Forced Air
Flooring Type: Wood,Carpet
Construction Materials: Stone,Copper Plumbing
Cooling Type: Ceiling Fan(s),Central A/C,Window Unit(s)
Sewer Septic: Public Sewer
Utilities: Water Available,Sewer Available,Natural Gas Available,Electric Available,Phone,Cable TV Available
Water Source: Public
Listing Entry Date: October 3, 2025
Tax Annual Amount: 2375.00
Tax Assessed Value: 52700.00
Tax Year: 2025
Price Per SQFT: 125.00