127 N 5th St Reading, PA 19601
Downtown Reading NeighborhoodEstimated payment $1,647/month
Highlights
- 0.09 Acre Lot
- Carpet
- Hot Water Baseboard Heater
- Electric Baseboard Heater
About This Home
This expansive 5,502 sq ft building, formerly the Pollock Furs Company, offers a unique investment opportunity in the heart of Reading City. The property features two 1-bedroom apartments currently on a month-to-month lease, providing steady rental income. Additionally, the building boasts a versatile storefront, perfect for retail or office use, with ample leasable square footage.
With its rich history and prime location, this property offers endless possibilities. The spacious layout and high-traffic visibility make it ideal for businesses looking to establish a presence in a thriving area. The apartments provide additional income potential, making this a great opportunity for investors looking for a mixed-use property.
Don’t miss your chance to own a piece of Reading’s history while securing a solid return on investment
Listing Agent
(610) 507-3520 anthonyborelli@comcast.net Century 21 Gold License #RS227951L Listed on: 03/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,250
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 5,502 Sq Ft Home
- Duplex
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
Flooring
- Carpet
- Vinyl
Utilities
- Heating System Uses Oil
- Hot Water Baseboard Heater
- Electric Baseboard Heater
- Electric Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Unfinished Basement
Community Details
- 2 Units
- 1 Vacant Unit
Listing and Financial Details
- Tax Lot 9046
- Assessor Parcel Number 07-5307-83-71-9046
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,957 | $72,100 | $34,100 | $38,000 |
| 2024 | $3,202 | $72,100 | $34,100 | $38,000 |
| 2023 | $3,152 | $72,100 | $34,100 | $38,000 |
| 2022 | $3,152 | $72,100 | $34,100 | $38,000 |
| 2021 | $3,152 | $72,100 | $34,100 | $38,000 |
| 2020 | $3,120 | $72,100 | $34,100 | $38,000 |
| 2019 | $3,120 | $72,100 | $34,100 | $38,000 |
| 2018 | $3,120 | $72,100 | $34,100 | $38,000 |
| 2017 | $3,100 | $72,100 | $34,100 | $38,000 |
| 2016 | $1,771 | $72,100 | $34,100 | $38,000 |
| 2015 | $1,771 | $72,100 | $34,100 | $38,000 |
| 2014 | $1,629 | $72,100 | $34,100 | $38,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Price Changed | $259,500 | 0.0% | $47 / Sq Ft |
| 07/11/2025 07/11/25 | For Sale | $259,500 | +3.8% | $47 / Sq Ft |
| 06/01/2025 06/01/25 | Off Market | $249,900 | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $249,900 | 0.0% | $45 / Sq Ft |
| 03/31/2025 03/31/25 | Off Market | $249,900 | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $249,900 | -- | $45 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $180,000 | Dba Conestoga Title Ins Co | |
| Deed In Lieu Of Foreclosure | -- | None Available | |
| Deed | $36,000 | Penn Title Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $167,000 | Seller Take Back | |
| Previous Owner | $80,000 | Commercial |
Source: Bright MLS
MLS Number: PABK2054584
APN: 07-5307-83-71-9046
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