238 S 5th St Reading, PA 19602
Downtown Reading NeighborhoodEstimated payment $5,503/month
Highlights
- Popular Property
- Carriage House
- Porch
- 0.14 Acre Lot
- Wood Flooring
- Downtown Location
About This Home
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.
Listing Agent
(973) 666-1188 jthelusca@pagodarpm.com Pagoda Realty License #RS333622 Listed on: 03/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,497
Year Built
- Built in 1900
Lot Details
- 6,098 Sq Ft Lot
- Downtown Location
Parking
- On-Street Parking
Home Design
- Carriage House
- Victorian Architecture
- Brick Exterior Construction
Interior Spaces
- 6,206 Sq Ft Home
- Ceiling height of 9 feet or more
- Basement Fills Entire Space Under The House
- Stove
- Washer
Flooring
- Wood
- Carpet
- Tile or Brick
- Vinyl
Outdoor Features
- Playground
- Porch
Utilities
- Heating Available
Community Details
- 4 Units
- Income includes apartment rentals
Listing and Financial Details
- Tax Lot 6684
- Assessor Parcel Number 04-5306-35-78-6684
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/03/2025 11/03/25 | For Sale | $879,900 | -- | $142 / Sq Ft |
Source: Bright MLS
MLS Number: PABK2054900
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