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About the Listing PAGODA - 3164025
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 Highlights for 238 S 5th St
Status
Active
Days on Site
229
Property Type
Multi-Family
MLS ®
PABK2054900
Year Built
1900
Total Square Footage
6,206
Lot/Acreage
0.14
Interior Details
- Bedrooms: 14
- Bathrooms: Full
- Appliances: Stove, Washer
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Carpet,Hardwood,Tile/Brick,Vinyl,Wood
- Above Ground Sq Ft: 6206
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 0.00 x 0.00
- Zoning: MULTI
- Roof: Other
- Others: Play Area
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $10,497
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
238 S 5th St Reading, PA 19602
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