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Asking Price - $475,000
Days on Market - 78
731 Washington Street
Reading, PA 19601
Featured Agent
EveryHome Realtor
Asking Price
$475,000
Days on Market
78
# of Units
4
1 Bdrm Units
1
2 Bdrm Units
2
Acres
0.05
Interior SqFt
3,800
Age
110
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
2,375
Additional Details Below
EveryHome Realtor
Views: 69
Featured Agent
EveryHome Realtor
Description
Exceptional investment opportunity in the heart of Reading. This mixed-use property combines 729 and 731 Washington Street, which have been annexed and are now considered one building. Fully renovated in 2016, the property offers two commercial units and two residential apartments, providing both stability and upside potential for investors or owner-operators The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a café with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024–2025. This property generates consistent rental income and, at the asking price of $500,000, reflects an attractive 8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.
Location
Driving Directions
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Listing Details
Summary
Parking
•Public, On Street
Interior Features
Flooring
•Wood, Fully Carpeted, Tile/Brick
Basement
•Full, Unfinished
Exterior Features
Exterior Features
•Sidewalks, Street Lights, Stone
Utilities
Cooling
•Central A/C, Wall Unit, Electric
Heating
•Forced Air, Hot Water, Natural Gas
Property History
Dec 9, 2025
Price Decrease
$500,000 to $475,000 (-5.00%)
Miscellaneous
Lattitude : 40.337050
Longitude : -75.922650
MLS# : PABK2063730
Views : 69
Listing Courtesy: Taj Simmons of EXP Realty, LLC
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Notes
Page: © 2025 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.
Presentation: © 2025 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.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. For information on those properties withheld from the internet, please call 215-699-5555
