$879,900

238 S 5TH ST, Reading, PA 19602

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 months ago

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
  • Flooring: CarpetHardwoodTile brickVinylWoodOther
  • A/C: None
  • Heating: OtherElectricNatural Gas
  • Disability Feature: None
  • Roofing: Other
  • General: Brick
  • Originating MLS: BRIGHT_MAIN
  • School District: READING
  • County: BERKS-PA
  • Zoning: COMMERCIAL04-5306-35-78-6684
  • Utilities: Electric availableNatural gas availablePhone availableSewer availableWater available100 amp service200 amp service
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Jimmy Thelusca, Pagoda Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Tyson-Schoener Elementary School

315 S 5th St, Reading, PA, 19602

Grades PK-4

0.08 miles away

S

Southwest Middle School

300 Chestnut St, Reading, PA, 19602

Grades 5-8

0.17 miles away

R

Reading Senior High School

801 N 13th St, Reading, PA, 19604

Grades 9-12

1.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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