238 S 5Th Street Reading, PA $ 879,900
238 S 5Th Street
$ 879,900
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238 S 5Th Street

Reading, PA, 19602
$ 879,900
Bedrooms-- Baths-- Sq 6,206

Monthly Estimate*

$ 5,489

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Commercial Property for sale in Reading, PA

for $879,900. This 6,206 square foot building was built in 1900 on a lot size of 0.14.

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.

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Commercial Active

Price

$ 879,900

Property Type

Commercial

Taxes

$ 10,497

Style

Apartment Building

Lot Size

0.14

Year Built

1900

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2054904

Features
Interior
Heating Fuel Electric Natural Gas
Flooring Carpet Hardwood Tile/Brick Vinyl Wood Other
Hot Water Electric Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Total Restrooms 9
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General
Sewer Public Sewer
Heating Other
Cooling None
Utilities Electric Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Immediate Settlement
Roof Other
Zoning COMMERCIAL
Construction Materials Brick
Year Built 1900
Electric 100 Amp Service 200+ Amp Service
Property Subtype Five Or More Units
Tax Year 2024
Ownership Fee Simple
Cool Fuel None
Municipality READING CITY
Business Type Apartment Building
Accessibility None
County BERKS
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building
Water Access Y/N N
Status ACTIVE
Directions Right on Penn St and Right onto S 5th St
City READING
Number Of Units Total 9
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 6098.00
Tax Annual Amount 10497.0
Price Per Sq Ft Total AG 141.78
Acceptable Financing Conventional Contract
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Estimated
Tax Lot 6684
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Exterior
Lot Features Backs - Open Common Area Rear Yard
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 6206.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.14
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 61800.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 238
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* Excluded Features
List By
Pagoda Realty

Broker

jthelusca@pagodarpm.com

Email

Affordability Calculator

$6,364
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,489
Monthly Property Taxes
$875
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2025$879,900 -1.12% Price Down
10/7/2025$889,900 -1.11% Price Down
8/22/2025$899,900 -2.17% Price Down
6/25/2025$919,900 -3.16% Price Down
5/15/2025$949,900 -1.04% Price Down
3/20/2025$959,900 Listed Price

Map


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238 S 5Th Street, Reading, PA, 19602 is a Commercial Property for sale at $879,900 with 6,206 sqft and a lot size of 0.14. 238 S 5Th Street was built in 1900. The property's zip code is 19602 which is in Reading, PA