238 S 5TH ST, Reading, PA 19602

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.

Listing Status:

Active

Date Added:

March 25, 2025 at 05:00AM

Listing Office:

Pagoda Realty : 6109857700

Listing Agent:

Jimmy Thelusca : 6109857700

MLS ID:

PABK2054904

Interior

• Flooring: CarpetHardwoodTile brickVinylWoodOther
• A/C: None
• Heating: OtherElectricNatural Gas
• Disability Feature: None

Construction

• Roofing: Other
• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: READING
• County: BERKS-PA

Lot

• Zoning: COMMERCIAL04-5306-35-78-6684

Utilities

• Utilities: Electric availableNatural gas availablePhone availableSewer availableWater available100 amp service200 amp service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Jimmy Thelusca, Pagoda Realty