238 S 5TH ST Reading, PA 19602
6,206 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 6,206 sqft
Price per Sqft $141
MLS Listing ID PABK2054900
Style Victorian
Abv Grd Liv Area 6,206
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 Interior Row/Townhouse
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 MULTI
Rooms
Basement Full
Interior
Hot Water Other
Heating Other
Cooling None
Flooring Carpet, Hardwood, Tile/Brick, Vinyl, Wood, Other
Equipment Stove, Washer
Fireplace N
Appliance Stove, Washer
Heat Source Other
Exterior
Exterior Feature Porch(es)
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Other
Accessibility None
Porch Porch(es)
Garage N
Building
Lot Description Other
Foundation Other
Above Ground Finished SqFt 6206
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings
New Construction N
Schools
School District Reading
Others
Tax ID 04-5306-35-78-6684
Ownership Fee Simple
SqFt Source 6206
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
