Photo of 238 S 5th Street, Reading PA
     
238 S 5th Street
Reading, PA 19602
Reading City
Reading School District
Berks County
Asking Price$879,900
# of Units4
1 Bdrm Units4
2 Bdrm Units5
Acres0.14
Interior SqFt6,206
Age125
Heating 
Cooling 
WaterPublic
SewerPublic
Garages0
Taxes (2024)10,497

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.

Room Sizes

Location


Driving Directions
Right on Penn St and Right onto S 5th St

Details
Architectural Type - Victorian
Flooring - Carpet, Hardwood, Tile/Brick, Vinyl, Wood
Basement - Full
Appliances - Stove, Washer
Exterior Features - Play Area, Porch(es), Brick
Sewer - Public Sewer
Water - Public
Additional Utilities - Electric Available, Natural Gas Available, Sewer Available, Water Available

Notes
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Assessment : 0
Latitude : 40.331050
Longitude : -75.928580
EveryHome Number : ABK205-50325
Listing Courtesy Pagoda Realty
Zoning Designation MULTI