238 S 5th St - Apartments FOR SALE


Reading, PA 19602- LANA
$879,900 USD
973-666-1188
238 S 5th St, Reading, PA for Sale
$879,900 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

238 S 5th St
Reading, PA 19602
LANA


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$879,900 USD

PRICE/SF

$121 USD /SF

# OF UNITS

9

PRICE/UNIT

$97,767

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Unit Building - 238 S 5th St Reading PA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

04-5306-27-78-6786,04-5306-35-78-6684

ASK ABOUT THIS PROPERTY

Jimmy TheluscaPagoda RealtyMore Info
973-666-1188

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Jimmy TheluscaPagoda RealtyMore Info
973-666-1188

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.