Reading, PA 19602 238 S 5Th Street
$879,900
23 more
Presented By: Pagoda Realty
Beds • 14
Beds • 14Home Details
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 youre 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 sellerroom to negotiate with a fair and reasonable offer.
Presented By: Pagoda Realty
Interior Features for 238 S 5Th Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringCarpet, Hardwood, Tile/Brick, Vinyl, Wood, Other
Heating FuelOther
Heating Y/NYes
Hot WaterOther
General for 238 S 5Th Street
Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesStove, Washer
Architectural StyleVictorian
CityREADING
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyBERKS
DirectionsRight on Penn St and Right onto S 5th St
ElectricOther
Garage Y/NNo
HeatingOther
Lease TypeMonth to Month, Yearly
Living Area6206
Location TypeDowntown
Lot Size Square Feet6098.00
Lot Size UnitsSquare Feet
MLS AreaReading City (10201)
MunicipalityREADING CITY
New ConstructionNo
Number Of Units Total4
Number of Units Leased9
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9
OwnerPaysInsurance, Sewer, Trash Collection, Taxes - Real Estate, Water
OwnershipFee Simple
Patio/Porch FeaturesPorch(es)
PossessionImmediate
Price Per Sq Ft Total AG141.78
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
RoofOther
School DistrictREADING
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount10497.0
Tax Assessed Value232900.0
Tax Lot6684
Tax Year2024
Total SQFT6206
Two Bedroom5
UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningMULTI
Exterior for 238 S 5Th Street
Exterior AmenitiesPlay Area
Foundation DetailsOther
Land Assessed Value61800.00
Land Use Code4200
Lot Dimensions0.00 x 0.00
Lot FeaturesOther
Lot Size Acres0.14
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
