Reading PA Multi Family for Sale
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.03 Acres
- Year built:
- 1912
- Baths:
- MLS#:
- PABK2052104
- Subdivision:
- Reading
ADDITIONAL INFORMATION
House Hacking Opportunity! 550 Douglass St, Reading, PA 19601. This 3-unit property offers strong cash flow with two units currently rented ($850 & $1250/month). Ideal for house hacking, live in the back detached cottage; bi level 1-bedroom unit while enjoying rental income from the front building. Two parcels on one lot provide flexibility and privacy. Recent upgrades include oil to gas heat conversion with brand new high-efficiency boilers for both units in the front building. And roof/exterior repairs on both properties. This property just passed inspection this year so it is up to code. Unit 1 consist of a large 1bd 1ba unit, unit 2 consist of a bi level 3bd 1ba unit. And unit 3 is a separate bi level one bed room unit.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2052178
ADDITIONAL INFORMATION
CALLING INVESTORS! This is a 10 CAP property with room to grow! You can be cash positive FIRST YEAR! The return on this property is significant with a superior return on investment. With the opportunity to increase an already exceptional rent roll. This 6 unit building features many long term tenants and has a solid rental history. 1st flr is a 5bd full floor unit that will be increasing its rent to $2224 in January. Unit 2E (vacant) - $1200 (HUD approved $1452 also beginning January). Unit 2W - $1200. Unit 3E - $700. Unit 3W - $1200. Unit 4R - $1000. Total Rent Roll as of January 2025 - $7524 ($7776 with HUD tenant). Total 2025 Rental Income - $93.312 Total Expenses - $25,975. (incl. taxes, insurance, pest, water, sewer, trash, heat, house electric) Net - $67,337 Landlord currently pays for water, sewer, trash, and heat. Units are all separately metered for electric. Separate water meters have been added to most units to allow for tenants to pay their own water but current owner has not utilized them. All leases are being signed or have been transitioned to month to month for a smooth transition to the new owner(s). Showings are limited and will be bundled when possible to limit tenant inconveniences. DO NOT VISIT THE PROPERTY WITHOUT AUTHORIZATION! Please respect the privacy of the current tenants.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.04 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2051986
ADDITIONAL INFORMATION
Very well kept 2 family units. First floor 1 bedroom occupied from a long term tenants. 2nd Floor is a very spacious 3 bedroom , 1 bath. The property has all new windows , newer rubber roof. Tenants pay for electric/heat, and hot water. The property also has an oversized 2 car garages also vacant, that could be rented at $ 300.00 per month. Call listing agent for details.
$314,500
462 Centre Avenue Reading, PA 19601
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2051696
ADDITIONAL INFORMATION
This beautifully maintained triplex, located on a quiet street near the historic district, is an incredible opportunity for investors or those seeking rental income. The first-floor unit features a spacious living room, an eat-in kitchen, bathroom, and 2 bedrooms. The second-floor unit offers a cozy living and dining room, a kitchen, bathroom, and 1 bedroom with the potential to convert into 2 bedrooms. The third-floor unit includes a charming living room/kitchen combo, a bathroom, and 1 bedroom. Recently upgraded from oil to gas heat, this property also boasts ample storage, with yard space easy to maintain, and laundry hookups in the basement. Fully occupied with steady rental income, tenants pay their own electric and gas utility. This gem won’t last long—schedule your showing today!
$1,250,000
401 Walnut Street Reading, PA 19601
- Type:
- Townhouse
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1880
- Baths:
- MLS#:
- PABK2051414
ADDITIONAL INFORMATION
Prime Commercial Investment Opportunity in Reading City This is a fantastic addition to any investment portfolio! Located in the heart of Reading City, this versatile 3-building corner property offers significant potential. The asset includes 12 residential units, 1 commercial space currently operating as a Bodega, and a spacious storage unit that was previously a Laundromat. Tenants cover electric, heat, and hot water, ensuring strong returns for the owner. The storage unit, once a Laundromat, retains its own separate water meter. The landlord is responsible for water, sewer, property taxes, and trash removal. While the property requires some TLC, it offers great upside potential for the right investor. Showings are available to qualified buyers only, ensuring a smooth and efficient transaction. This property presents a rare combination of residential, commercial, and storage spaces in a prime locationâdonât miss out on this exceptional investment opportunity!
$279,000
62 S 6th Street Reading, PA 19602
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2051032
ADDITIONAL INFORMATION
Pictures/Videos are available upon request. Discover a unique investment opportunity in the heart of Reading, PA that is in need of renovation and modernization! This mixed-use property features a commercial space on the ground floor with 4 residential units above, offering the potential for diverse income streams. Situated in a vibrant neighborhood with high foot traffic, this property benefits from its proximity to local amenities, public transportation, and community services. The ground floor boasts a spacious commercial unit with large storefront windows, that offers excellent visibility and accessibility and can be customized to suit various business needs. With the growing demand for mixed-use properties in the area, this property represents a solid investment opportunity for savvy investors or developers looking to revitalize the space. Don’t miss out on this chance to create a thriving community hub in Reading, PA. Bring your vision to life with improvements that can enhance both the commercial and residential spaces.
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1890
- Baths:
- MLS#:
- PABK2050442
ADDITIONAL INFORMATION
Do not miss out on this opportunity! Come check out this multi-purpose building. There are two apartments up on the second floor. Both apartments have their own private entrance on the side of the building away from the automotive garage. The first apartment is a 1 bedroom with 1 bathroom and the second apartment is 3 bedrooms with 1.5 bathrooms. There are long-term tenants in both apartments that would like to stay. On the lower lever there is an automotive garage that holds 5 cars, has an office space, and bathroom for employees. In the garage there are tools and equipment that can be arranged in the agreement of sale. The automotive garage is no longer in business. This is the perfect property for an investor or for a automotive business that would like the opportunity to live above their business. Building is being sold as is. Commercial listing in the MLS PABK2044870
- Type:
- Townhouse
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.03 Acres
- Year built:
- 1910
- Baths:
- MLS#:
- PABK2050236
- Subdivision:
- Reading
ADDITIONAL INFORMATION
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1929
- Baths:
- MLS#:
- PABK2049192
ADDITIONAL INFORMATION
Dual Income Opportunity! Commercial Building plus a residential home with high visibility. Rare combination of a fully leased restaurant space and a separate residential home. Ideal for investors! Commercial building is currently leased for $4,500/month currently used as a restaurant, which includes a separate garage plus an off street parking lot. The adjacent home offers 3 bedrooms, plus a full bath. The home is newly vacant but was being rented for $2,275/month.
$274,900
1120 Elm Street Reading, PA 19604
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2048920
ADDITIONAL INFORMATION
Investment opportunity in Reading, PA! This 3-unit building offers great rental income potential: Unit 1: Spacious 3-bedroom apartment Unit 2: 2-bedroom apartment Unit 2r: Comfortable 1-bedroom apartment The property is located in a vibrant neighborhood with easy access to local shops, restaurants, and public transportation. No off-street parking available, but street parking is accessible. Perfect for investors or those looking to live in one unit while renting the others!
$244,900
526 Walnut Street Reading, PA 19601
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.04 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- PABK2047954
ADDITIONAL INFORMATION
Come take a look at this well kept 2 unit. Featuring a commercial space on the first level with its own central air, bathroom, freshly painted, and new flooring, with additional space to finish on the lower level. The second unit is vacant with a 3 bedroom apartment. Schedule your showing today.
- Type:
- Single Family-Detached
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- PABK2044854
ADDITIONAL INFORMATION
Calling all investors! 6 residential units, outside of the city, in Mt. Penn Boro. Central location makes residential units easy to rent. Excellent cash flow for the savvy investor. Call today for additional details and to schedule your private showing. Current rental/lease income per unit/per month. Unit/Apartment 1: $895. Unit/Apartment 2: $1050. Unit/Apartment 3: $850. Unit/Apartment 4: $650. Unit/Apartment 5: $1150. Unit/Apartment 6: Currently vacant and ready for you to place your tenant of choice. Bring an Offer!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.03 Acres
- Year built:
- 1910
- Baths:
- MLS#:
- PABK2040554
ADDITIONAL INFORMATION
Here is a perfect opportunity to purchase a local running business with an apartment on the second floor. All the store needs is a new owner. The store is already setup for success with a kitchen to prepare hot food as well as cold sandwiches. Make additional income with skill/gaming machines and ATM. You can run the store and live in the apartment upstairs or rent it out for additional income. Sale of the building includes the store with inventory, all appliances, ATM and coolers. The apartment upstairs has 2 nice sized bedrooms, 1 bathroom and is rented to long term tenants.
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Reading Real Estate
The median home value in Reading, PA is $250,000. This is lower than the county median home value of $257,000. The national median home value is $338,100. The average price of homes sold in Reading, PA is $250,000. Approximately 35.83% of Reading homes are owned, compared to 53.93% rented, while 10.24% are vacant. Reading real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Reading real estate agent to arrange a tour today!
Reading, Pennsylvania has a population of 94,161. Reading is less family-centric than the surrounding county with 21.23% of the households containing married families with children. The county average for households married with children is 28.1%.
The median household income in Reading, Pennsylvania is $38,738. The median household income for the surrounding county is $69,272 compared to the national median of $69,021. The median age of people living in Reading is 30.8 years.
Reading Weather
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 20.9 degrees. The average rainfall is approximately 44.7 inches per year, with 18.3 inches of snow per year.