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.
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!
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!
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
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.
The median home value in Reading, PA is $206,000. 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 $206,000. 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 19601 has a population of 94,161. Reading 19601 is less family-centric than the surrounding county with 25.89% 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 19601 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 19601 is 30.8 years.
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.