238 S 5th St, Reading, PA 19602

Reading
Local realty services provided by:ERA Reed Realty, Inc.
238 S 5th St,Reading, PA 19602
$849,900
  • 14 Beds
  • - Baths
  • 6,206 sq. ft.
  • Multi-family
  • Active
Listed by: jimmy thelusca
Office: pagoda realty
MLS#:PABK2054900
Source:BRIGHTMLS

Price summary

  • Price:$849,900
  • Price per sq. ft.:$136.95

About this home

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!

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Home facts

  • Year built:1900
  • Listing ID #:PABK2054900
  • Added:354 day(s) ago
  • Updated:March 10, 2026 at 01:36 PM

Rooms and interior

  • Bedrooms:14
  • Flooring:Carpet, Hardwood, Tile/Brick, Vinyl, Wood
  • Kitchen Description:Stove
  • Basement:Yes
  • Basement Description:Full
  • Living area:6,206 sq. ft.

Structure and exterior

  • Year built:1900
  • Building area:6,206 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Downtown
  • Architectural Style:Victorian
  • Construction Materials:Brick
  • Exterior Features:Play Area, Porch(es)

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$849,900
  • Price per sq. ft.:$136.95
  • Tax amount:$10,497 (2024)

Features and amenities

  • Amenities:Electric Available, Natural Gas Available

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