417 WALNUT ST, Reading, PA 19601

Property Description

Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 12–14 apartment units in a rapidly evolving corridor. Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market. With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation. Bring your vision and unlock the full potential of this prime investment.

Listing Status:

Active

Data Last Updated:

March 24, 2026 at 5:19PM

Listing Office:

Light House Realtors, LLC : 4842730056

Listing Agent:

Jorge Diaz Jr. : 6105074933

MLS ID:

PABK2068316

Interior

• A/C: None
• Heating: SteamNatural Gas
• Disability Feature: 2+ Access Exits

Construction

• General: Brick Front

Location

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

Lot

• Zoning: R307-5307-75-71-5435

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN