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238 S 5th St
For Sale $879,900 ($141.78 per Sq Ft)
$879,900 ($141.78 per Sq Ft)
- 4 Units
- 6,206 Sq Ft
- 6,098 Sq Ft
- Unknown Cap Rate
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $879,900 |
| Property Type | Other |
| Usable Sqft | 6,206 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 04530635786684 |
| MLS # | PABK2054900 |
| Property ID | 294274343 |
| Lot Sqft | 6,098 |
| Zoning | MULTI |
| Total Units | 4 |
| Days on Market | 259 |
| Original List Price | Unknown |
| Applicances | Stove,Washer% |
| Date Updated | November 26, 2025 |
| Date Created | March 24, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Jimmy Thelusca an agent of . Lic #RS333622
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Data last updated: December 08, 2025.
Robert Crawford
REAL ESTATE AGENT