$420,000

417 WALNUT ST, Reading, PA 19601

Multi-Family Home
Built in 1920
5,227sqft lot
—— car garage
$——/sqft
Listed 2 months ago

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:: May 9, 2026 at 4:19PM
Listing Office:: Light House Realtors, LLC : 4842730056
Listing Agent:: Jorge Diaz Jr. : 6105074933
MLS ID:: PABK2068316

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

General: Brick Front

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

Zoning: R307-5307-75-71-5435

Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Jorge Diaz Jr. , Light House Realtors, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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