About 238 S 5th St
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.
Features of 238 S 5th St
| MLS® # | PABK2054904 |
|---|---|
| Price | $879,900 |
| Bathrooms | 0.00 |
| Square Footage | 6,206 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 238 S 5th St |
|---|---|
| Area | Reading City (10201) |
| City | READING |
| County | BERKS-PA |
| State | PA |
| Municipality | READING CITY |
| Zip Code | 19602 |
Amenities
| Utilities | Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Other |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Lot Description | Bcks-Opn Comm, Rear Yard |
| Roof | Other |
School Information
| District | READING |
|---|
Additional Information
| Date Listed | March 25th, 2025 |
|---|---|
| Days on Market | 218 |
| Zoning | COMMERCIAL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Pagoda Realty |
|---|---|
| Contact Info | 6109857700 |