238 South 5th Street, Reading City, PA 19602

• 9 beds |
• 9 baths |
• 6,206 sqft

Property Description

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. Buyer to Verify Measurements and Square Footage.

Listing Status:

Active

Listing Office:

Pagoda Realty & Property Mgmt : (610) 985-7700

MLS ID:

767495

Interior

• General: Eat-in Kitchen
• Appliances: Gas OvenGas Water HeaterMicrowaveRefrigerator
• Basement: Full
• A/C: Wall/Window Unit(s)
• Heating: Gas

Exterior

• General: BalconyPatio
• Style: Victorian
• Parking: No Garage

Construction

• Roofing: Other
• General: Brick

Location

• Originating MLS: HIGH_LHI
• School District: Reading
• County: Berks

Lot

• Zoning: RES - Multi - Commercial

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: HIGH_LHI
• Ownership: Fee Simple

This listing courtesy of Pagoda Realty & Property Mgmt