238 S 5th Street • Reading, PA 19602

$849,900 Beds: 0 • Baths:Sq. Feet: 6206 • MLS ID: PABK2054900 • Subdivision:School Dist: READING
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. View this listing at: http://dawnhickernell.com/mls=PABK2054900

Property Features

  • Taxes: $10,497
  • Basement: Yes
  • Exterior: Brick
  • Lot Size: 0.14 Acres
  • Lot Dimensions: 0.14 Acre(S)
  • Cooling: None
  • Year Built: 1900
  • Water: Public
  • Sewer: Public Sewer
  • Units: 4
  • One Bedroom Units: 4
  • Two Bedroom Units: 5
  • Municipality: READING CITY
  • Additional Structures: Above Grade,Below Grade
  • Location Description: Downtown
  • Structure Type: Interior Row/Townhouse
  • Appliances: Stove,Washer
  • Basement: Full
  • Exterior: Play Area
  • Flooring: Carpet,Hardwood,Tile/Brick,Vinyl,Wood,Other
  • Utilities: Electric Available,Natural Gas Available,Sewer Available,Water Available

School Information

  • School District: READING
Printed March 03, 2026


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Agent License Information: 
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Dawn Hickernell 

955 Berkshire Boulevard, Suite 100, Wyomissing, PA 19610
610-372-3200