316 S 8th St Reading, PA 19602
Southeast Reading NeighborhoodEstimated payment $1,693/month
About This Home
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.
Listing Agent
(484) 273-0056 lighthouserealtylv@gmail.com Light House Realtors, LLC Brokerage Phone: 4842730056 Listed on: 04/23/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,232
Year Built
- Built in 1900
Lot Details
- 1,306 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,134 Sq Ft Home
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- 4 Units
- 4 Vacant Units
Listing and Financial Details
- Tax Lot 4308
- Assessor Parcel Number 02-5306-36-98-4308
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 | $725 | $26,700 | $6,600 | $20,100 |
| 2024 | $1,186 | $26,700 | $6,600 | $20,100 |
| 2023 | $1,167 | $26,700 | $6,600 | $20,100 |
| 2022 | $1,167 | $26,700 | $6,600 | $20,100 |
| 2021 | $1,167 | $26,700 | $6,600 | $20,100 |
| 2020 | $1,155 | $26,700 | $6,600 | $20,100 |
| 2019 | $1,155 | $26,700 | $6,600 | $20,100 |
| 2018 | $1,155 | $26,700 | $6,600 | $20,100 |
| 2017 | $1,148 | $26,700 | $6,600 | $20,100 |
| 2016 | $656 | $26,700 | $6,600 | $20,100 |
| 2015 | $656 | $26,700 | $6,600 | $20,100 |
| 2014 | $603 | $26,700 | $6,600 | $20,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | For Sale | $299,900 | -- | $141 / Sq Ft |
Source: Bright MLS
MLS Number: PABK2071194
APN: 5306-36-98-4308
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Ask me questions while you tour the home.