731 Washington St - Multi-Family FOR SALE


Reading, PA 19601- Southeast Reading
$500,000 USD
484-794-3080
731 Washington St, Reading, PA for Sale
$500,000 USD
Multi-Family - FOR SALE
1/39
null | 8.1% Cap Rate

731 Washington St
Reading, PA 19601
Southeast Reading


OVERVIEW

Exceptional investment opportunity in the heart of Reading. This mixed-use property combines 729 and 731 Washington Street, which have been annexed and are now considered one building. Fully renovated in 2016, the property offers two commercial units and two residential apartments, providing both stability and upside potential for investors or owner-operators. The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a café with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024–2025. This property generates consistent rental income and, at the asking price of $500,000, reflects an attractive ~8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

4

PRICE/UNIT

$125,000

CAP RATE

8.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

729/731 Washington

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

4113 Comm

APN/PARCEL ID

08-5307-84-90-2887

ASK ABOUT THIS PROPERTY

Taj SimmonsExp Realty LLCMore Info
484-794-3080

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Taj SimmonsExp Realty LLCMore Info
484-794-3080

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