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Photo of 316 S 8th Street, Reading PA
316 S 8th Street
Reading, PA 19602
# of Units
4
2 Bdrm Units
1
Acres
0.03
Interior SqFt
2,134
Age
126
Heating
Electric
Cooling
N/A
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
1,232
Additional Details Below

Description

Savvy investors and house hackers — this is the one you've been waiting for. This fully vacant 4-unit at 316 S 8th Street is a blank canvas sitting in one of Pennsylvania's most renter-hungry markets, where 60% of households rent and studios are commanding $1,000–$1,100/mo with 2-bedrooms pushing $1,600–$1,700+ in today's market. Do the math: a light cosmetic refresh — fresh floors, clean walls — and you're looking at a potential gross monthly rent roll of $4,200–$4,500+. Here's where it gets even better — every unit has its own separate electric heat and each tenant pays their own utilities, meaning your operating expenses stay lean and your net income stays fat. No utility bills eating into your returns. A true investor's dream structure. Maximum flexibility too: rent all four and stack income, or move into the 2-bedroom, let your three tenants cover your mortgage AND put cash in your pocket every single month — live for free while building real wealth. The vacancy isn't a problem — it's your power. Every unit is yours to price at peak market rates from day one, no inherited leases, no inherited headaches, just pure upside. In a city where rents have risen nearly 2% year-over-year and demand never sleeps, hesitation is the only mistake you can make. First mover wins here — schedule your showing now before the next investor does.

Location

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Listing Details

Summary
Architectural Type

Traditional

Interior Features
Basement

Brick/Mortar

Exterior Features
Exterior Features

Brick

Utilities
Heating

Baseboard - Electric, Electric

Hot Water

Electric

Sewer

Public Sewer

Water

Public

Additional Utilities

Electric Available

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Residential
Lattitude : 40.330140
Longitude : -75.922690
MLS# : PABK2071194
Views : 11
Listing Courtesy: Jose Vazquez of Light House Realtors, LLC

Notes

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Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839

Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.

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