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525 Penn St
For Sale $1,250,000
$1,250,000
- 6 Units
- Unknown Sq Ft
- 4,356 Sq Ft
- Unknown Cap Rate
Description
525 Penn Street in Reading City is located on the heaviest traveled block within the city. This building is situated one block off of the Berks County Court house and Santander Arena. Most outside public events throughout the year are held on the 500 block. 525 Penn St. building has a total of 6 units, 4 units are leased, generating incoming with a cap rate over 8%. The building itself is located in the Commercial-Core, historic district of Reading. The roof has been replaced in the past two years, and each unit has its own central air/heat system, for easy utility billing. Downtown Penn St. has recently added Alvernia University to the 400 block, and a new state of the art hospital is scheduled to be coming to the American House on the corner of the 300 block. In the past few weeks, several sections of the 400 block have been purchased and the improvement and revitalization of Penn St has accelerated. The benefits of 525 Penn St. is that the property is turnkey and incoming generating, leaving no delay for a build out or renovation process. This property is ahead of the rest and is located among the best. All documents available to show you the analytics of success this building has to 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 | $1,250,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 5 stories |
| Parking Spots | 0 spots |
| Year Built | 1880 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 07530783801316 |
| MLS # | PABK2068944 |
| Property ID | 322643097 |
| Lot Sqft | 4,356 |
| Zoning | C-C COMMERCIAL CORE |
| Total Units | 6 |
| Days on Market | 86 |
| Original List Price | Unknown |
| Date Updated | March 04, 2026 |
| Date Created | March 03, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $158,932 | $0 |
| Operating Expenses | $ 35,312 |
| Net Income (Yr) | $ 123,620 |
| Cap Rate | 9.80% |
Listing Provided By
Jason Jason Miller an agent of . Lic #RS341500
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Data last updated: May 28, 2026.
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