Log In/Sign Up
Your email has been sent.
9 Unit Building - 238 S 5th St Reading PA 238 S 5th St 9 Unit Apartment Building $850,000 ($94,444/Unit) Reading, PA 19602



Executive Summary
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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,300
|
$14.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,300
|
$14.85
|
| Taxes |
$10,497
|
$1.44
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,497
|
$1.44
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $108,300 |
| Annual Per SF | $14.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,300 |
| Annual Per SF | $14.85 |
| Taxes | |
|---|---|
| Annual | $10,497 |
| Annual Per SF | $1.44 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $10,497 |
| Annual Per SF | $1.44 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $94,444 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 7,293 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1980/2023 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $850,000 |
| Price Per Unit | $94,444 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,293 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1980/2023 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Wi-Fi
- Yard
- Basement
- Dining Room
- Family Room
- Handrails
- Lawn
- Pantry
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Individual Locking Bedrooms
- Smoke Detector
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Numbers | Total Assessment | $321,400 (2025) | |
| Land Assessment | $104,300 (2025) | Annual Taxes | $10,497 ($1.44/SF) |
| Improvements Assessment | $217,100 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$104,300 (2025)
Improvements Assessment
$217,100 (2025)
Total Assessment
$321,400 (2025)
Annual Taxes
$10,497 ($1.44/SF)
Tax Year
2024
1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
9 Unit Building - 238 S 5th St Reading PA | 238 S 5th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
