532 ELM ST, Reading, PA 19601

Property Description

Value-Add Mixed-Use Investment Opportunity in the City of Reading! 2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization. Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant — ideal for owner-occupant or investor. Market rents support strong income growth potential. Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income. Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify). Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant.

Listing Status:

Active

Data Last Updated:

February 7, 2026 at 7:16AM

Listing Office:

Coldwell Banker Realty : 6103739900

Listing Agent:

Brittany Nye : 6103739900

MLS ID:

PABK2060350

Interior

• Flooring: CarpetHardwood
• A/C: Window Unit(s)Wall Unit
• Heating: RadiatorSteamNatural Gas
• Disability Feature: None

Construction

• Roofing: FlatShingle
• General: Brick

Location

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

Lot

• Zoning: COMMERICAL07-5307-75-81-2845

Utilities

• Utilities: 200 amp service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: Tenants personal property