$879,900
238 S 5th St, Reading, PA, 19602
6,206
Square feet
0.14
Acres
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.
Listing Details
| Office | Pagoda Realty |
|---|---|
| Contact Info | 6109857700 |
Facts & Features
| MLS® # | PABK2054900 |
|---|---|
| Price | $879,900 |
| Bathrooms | 0.00 |
| Square Footage | 6,206 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Multi-Family |
| Sub-Type | Other, Interior Row/Townhouse |
| Style | Victorian |
| Status | Active |
Community Information
| Address | 238 S 5th St |
|---|---|
| Area | Reading City (10201) |
| City | Reading |
| County | BERKS-PA |
| State | PA |
| Municipality | READING CITY |
| Zip Code | 19602 |
| Senior Community | No |
Amenities
| Utilities | Electric Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Stove, Washer |
|---|---|
| Heating | Other |
| Cooling | None |
| Has Basement | Yes |
| Basement | Full |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Exterior Features | Play Area, Porch(es) |
| Lot Description | Other |
| Roof | Other |
| Foundation | Other |
| Other Structures | Carriage House |
School Information
| District | READING |
|---|
Additional Information
| Date Listed | March 25th, 2025 |
|---|---|
| Days on Market | 240 |
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
