Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS0
BATHS
SQUARE FEET6,206
MLS#PABK2054900
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLREADING
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Home Style: Victorian
Lot Size: 0.14 Acres
Taxes: $10,497
Year Built: 1900
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Stove, Washer
Days on Site: 349
Exterior: Brick
Exterior: Play Area
Flooring: Carpet, Hardwood, Tile/Brick, Vinyl, Wood, Other
Location: Downtown
Lot Dimensions: 0.14 Acre(S)
Municipality: READING CITY
One Bedroom Units: 4
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 5
Units: 4
Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: READING
Listed By / Shown By
Listed By
Agency Name: Pagoda Realty
Agency Phone: 6109857700
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 5,199.10 per month $4,076.46 Principal & Interest $874.75 Property Tax $247.89 Homeowner's Insurance
238 S 5th Street | MLS# PABK2054900
This multi-family property located at 238 S 5th Street, Reading, PA 19602 is currently listed for sale with an asking price of $849,900. S 5th Street is located within the READING school district. Search Reading real estate on www.duffyrealestate.com today.