$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

OfficePagoda Realty
Contact Info6109857700

Facts & Features

MLS® # PABK2054904
Price $879,900
Bathrooms 0.00
Square Footage 6,206
Acres 0.14
Year Built 1900
Type Commercial Sale
Sub-Type Five Or More Units
Status Active

Community Information

Address 238 S 5th St
Area Reading City
City Reading
County BERKS-PA
State PA
Zip Code 19602
Senior Community No

Amenities

Utilities Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Is Waterfront No

Interior

Heating Other
Cooling None
# of Stories 3

Exterior

Exterior Brick
Lot Description Backs - Open Common Area, Rear Yard
Roof Other
Construction Brick

Additional Information

Date Listed March 25th, 2025
Days on Market 232
Zoning COMMERCIAL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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