238 S 5TH ST Reading, PA 19602
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2054904
Year Built 1900
Available Date 2025-03-25
Annual Tax Amount $10,497
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERCIAL
Interior
Hot Water Electric, Natural Gas
Heating Other
Cooling None
Flooring Carpet, Hardwood, Tile/Brick, Vinyl, Wood, Other
Heat Source Electric, Natural Gas
Exterior
Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Other
Accessibility None
Garage N
Building
Lot Description Backs - Open Common Area, Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 04-5306-35-78-6684
Ownership Fee Simple
Acceptable Financing Conventional, Contract
Listing Terms Conventional, Contract
Financing Conventional,Contract
Special Listing Condition Standard
