Reading, PA 19602,238 S 5TH ST
Reading, PA 19602,238 S 5TH ST
Reading, PA 19602,238 S 5TH ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
20
Jan
Wed
21
Jan
Thu
22
Jan
Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Jimmy Thelusca • Pagoda Realty
$849,900
Est. payment /mo
6,098 Sqft Lot
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PABK2054904

Year Built 1900

Available Date 2025-03-25

Annual Tax Amount $10,497

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

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.

Location

State PA

County Berks

Area Reading City (10201)

Zoning COMMERCIAL

Interior

Hot Water Electric, Natural Gas

Heating Other

Cooling None

Flooring Carpet, Hardwood, Tile/Brick, Vinyl, Wood, Other

Heat Source Electric, Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Water Access N

Roof Type Other

Accessibility None

Garage N

Building

Lot Description Backs - Open Common Area, Rear Yard

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 04-5306-35-78-6684

Ownership Fee Simple

Acceptable Financing Conventional, Contract

Listing Terms Conventional, Contract

Financing Conventional,Contract

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Simone Velvel

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Simone Velvel, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

238 S 5TH ST

QUICK SEARCH
 
There are 30 quick searches