The median home value in Reading, PA is $215,000.
This is
higher than
the county median home value of $190,000.
The national median home value is $308,980.
The average price of homes sold in Reading, PA is $215,000.
Approximately 38% of Reading homes are owned,
compared to 50% rented, while
12% are vacant.
Reading real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Reading real estate agent to arrange a tour today!
Learn more about Reading.
Prime Investment Opportunity Near Penn Street!Discover this lucrative property in a Commercial Residential zone, perfect for expanding your portfolio or diving into real estate for the first time. Situated in a bustling area near Penn Street, this property offers convenience and potential for both seasoned investors and newcomers alike.Features:This property comprises a versatile commercial unit with two front rooms, a kitchen, and a bathroom, along with a residential unit spanning three bedrooms and one bathroom on the upper floors. With dual income potential, you can capitalize on both the commercial and residential aspects of this property, ensuring steady cash flow and long-term profitability.Highlights:Convenience is key, with courts, shops, and restaurants mere moments away, making this property an attractive choice for tenants and ensuring high occupancy rates. Don't miss out on this opportunity to secure your place in this thriving real estate market. Schedule your appointment today to explore the potential of this prime investment opportunity near Penn Street!
503 Penn St - This historic building was completely renovated in 2016 and includes all the modern amenities you'd expect in new construction. Add to that the interesting historical aspects including exposed brick walls, huge windows overlooking Penn Square and an open pub / entertainment venue on the first and second floors. Perfect for an owner occupant or investor, the utilities are separated and each floor has and pays for it's own system! The first and second floors are set up as a walk in bar space with doors that open to the sidewalk, and a balcony on the second floor overlooking the entrance area. The third floor is occupied by Berks Arts, a community Council formed in 1969, and focuses on promoting the arts in the Greater Reading and Berks County. Creating and supporting visual and performing arts events. The fourth floor is open and available for an owner or another tenant. The building is served by a modern elevator that stops an all 5 levels. (basement, through the 4th floor). Fully sprinklered and monitored this is truly a safe and desirable property. Call today to schedule your walk through.
Looking to break into the laundromat and apartment rental industry? Look no further than this 5 unit property at 351 N 6th St Reading Pa. This property boast 4 apartment units and a thriving laundromat business. Each tenant pays their own heat and electric. Ownership pays for water, heat and electric within the laundromat unit. The owner ran laundromat and tenant occupied apartments have been recently renovated with fresh paint and updated flooring throughout. The sale includes all the real estate, equipment and the laundromat business. Please reach out for additional details on income and expenses. Schedule your showing today!
The best of both worlds. This property consists of a 4 bedroom home which is currently rented to a long term tenant and 12 additional storage units/garages. There are various sized units with the largest being 20 X 35. This unit has a very good historical occupancy rate.
Right in the heart of Reading, this property is ready for a new owner. 19 North 6th Street is occupied by long-reliable tenants, it is positioned right by the Courthouse, a parking garage, and local government offices. The property is in an economic opportunity zone and with most of the tenants being non-profit or County Agencies; you can apply for potential tax relief. There is over 60k in leasable square feet and the courtyard provides an excellent outdoor space for employees to get some fresh air and enjoy their lunch break. The current owner would like to stay and occupy space which leaves just one vacancy on the 5th floor. The projected monthly cash flow is 16k. Perfect for an owner occupant or investor.
Large 1.5 acre income producing property with multiple income streams. There are 86 storage units, 12 leased parking spaces, 2 office buildings containing a total of 6 office suites with designated parking. This property has a high occupancy rate with only 5 units currently vacant. This is the income producer you've been looking for !
525 Penn Street in Reading City is located on the heaviest traveled block within the city. This building is situated one block off of the Berks County Court house and Santander Arena. Most outside public events throughout the year are held on the 500 block. 525 Penn St. building has a total of 6 units, 4 units are leased, generating incoming with a cap rate over 8%. The building itself is located in the Commercial-Core, historic district of Reading. The roof has been replaced in the past two years, and each unit has its own central air/heat system, for easy utility billing. Downtown Penn St. has recently added Alvernia University to the 400 block, and a new state of the art hospital is scheduled to be coming to the American House on the corner of the 300 block. In the past few weeks, several sections of the 400 block have been purchased and the improvement and revitalization of Penn St has accelerated. The benefits of 525 Penn St. is that the property is turnkey and incoming generating, leaving no delay for a build out or renovation process. This property is ahead of the rest and is located among the best. All documents available to show you the analytics of success this building has to offer.
30 potential Units. Conforms to local Zoning. This is a development opportunity near the heart of downtown Reading and just blocks from Alvernia University's College town campus on Penn St. Note: Rent projections based on the finished project. Be sure to look at the attached floor plan drawings. The exterior of the buildings is in good condition with a recent paint job, newer fire escape and rubber roof.Gross Income estimates based on 30 units with an average income of $1,150 = $34,500 / month or $414,000 annually. expenses unavailable as the property is vacant and has been for a few years. Market rents average: | 1 bedroom $950 - $1,100 | 2 bedroom $1,250 - $1,450 | 3 bedroom $1,450 - $1,650
Another high occupancy storage/garage location in a central location within the city. This property consists of 21 10 x 20 units, 1 30 x 30, 1 20 x 30 & 1 15 x 20. There are also 3 parking spaces. Currently everything is occupied but 1 10 x 20 unit. Recent upgrades at this facility include mostly newer garage doors, most roofs have been replaced, newer electric & lighting and about half of the blacktop have been replaced.
Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!
Location , Location, Location... AMAZING opportunity to own a beautiful business rental property. With 13 Rooms, kitchenette on the upper level. Each room is individually keyed. Some rooms could be laid out as office and conference room. Beautifully finished, private courtyard for owners and renters to enjoy lunch time, outdoor work space on beautiful days, or evening events under the starsYour Business, whether it be a Creation and retail sales of art and crafts items which may include multiple vendor ,Personal services such as barber or beauty shop, tailors nail salons and certified massage therapy and not including a massage parlor ,Photo-finishing services, Law Firm, Real Estate Firm, Accounting Firm, Title Company, Tax services, Recording studio, or other Professional Office use will be located close to the County Court House, County Services and Admin and the downtown. Garage Parking is available 1 block away. This is the opportunity you have been waiting for, make sure you contact me for your private showing Today!
Explore the possibilities with this expansive 4-unit property (commercial) - an ideal canvas for both rental income and your creative touch. The front unit on the 1st floor boasts two bedrooms, a spacious kitchen, and the flexibility of a family room or 3rd bedroom. The rear 1st-floor unit is already leased, offering immediate returns. Each unit has its own electric heat helping to limit owner operating expenses! While the well-lit 2nd floor unit with 2 bedrooms adds equally comfortable space. The inviting 3rd floor with a 2-bedroom layout, enhances the property's overall appeal.Conveniently situated just blocks away from West Reading and the Santander Arena, this property is also in close proximity to RACC College, local highways, and an array of excellent dining options. Take advantage of this opportunity to transform this property into a lucrative income-generating asset.
24 Garages/storage units in a good central location within the City of Reading. Easy access to major roads.
Property is in poor condition, bring a flashlight or two, sensible shoes, and your imagination! BE CAREFUL touring this Industrial Gem on 338 Madison Avenue in Reading, PA! Uncover the potential of this amazing commercial warehouse at 338 Madison Ave, Reading, Pennsylvania. A testament to industrial charm, this property offers a unique opportunity for businesses seeking a robust space with a touch of vintage allure. Located where there were once horse stables and chicken coups, this grand warehouse became a pants factory for J. G. Leinbach Co, makers of Reading Trousers! As time went on this building became a long time home for Barbey Electronics Corporation, to which it's sign still stands to this day. More recently, 338 Madison Avenue housed Monarch Dance Studio. Wouldn't you love to be the next owner of this grand structure just bursting with the potential and add your own story to it's incredible history?With 4 levels of expansive warehouse space, this property is ready to accommodate your business needs, from manufacturing, to mixed use or creative endeavors. Tailor the space to your specific requirements.Centrally located between Harrisburg, Philadelphia, Allentown, and Lancaster. Only a few hours drive to out of state metros of New York, New Jersey, Delaware and Maryland. Discover the myriad of potential from adaptive reuse to modernization or align specifically with your evolving business needs.Reading, Pennsylvania is currently in the midst of revitalization plans with Imagine Berks where county commissioners, planning authorities, and industrial development organizations pull together to increase our area's value and resources. Plans include massive infrastructure improvements, airport service expansion, and passenger rail returning to the area. With universities like Albright and Alvernia University, and Reading Area Community College creating growth inside the city; there is also Kutztown University and Penn State Berks bringing in additional college life to the county! Did we mention how 338 Madison Avenue is only a few blocks from Goggleworks and IMAX movies, and just a quick hop over Buttonwood Bridge from West Reading? You just can't beat this larger than life opportunity in a spectacular location. Call now to schedule your private showing.Buyer responsible for conducting their own due diligence. Parking is SHARED with Dollar Store. Buyer responsible to inquire with the city how many dwelling units would be allowed if mixed use is desired. The ENTIRE building will not allow apartments due to lack of parking. Owner is a PA licensed Realtor. Bring all offers!Because of the poor condition of property interior, ONLY buyers submitting a preapproval will be approved to see this property with their agents.
Prime Commercial Investment in Reading City, terrific property to add to your portfolio. Presenting an exceptional investment proposition in the heart of Reading City: A multifaceted 4 building corner commercial property featuring 12 residential units, a Bodega, and a spacious Storage Unit that was once a Laundromat. This asset is not only a beacon of solid returns but also serves as an attractive tax shelter for savvy investors. Tenants shoulder the cost for electric, heat, and hot water, ensuring maximized returns for the owner. The storage room, previously functioning as a Laundromat, retains its separate water meter. Landlord pays water, sewer, and taxes. Property does need some TLC. The seller emphasizes showings for qualified buyers only, ensuring a smooth and efficient transition process. Buyer is welcome to present a reasonable lower offer for seller's consideration.
This property consists of 68 garages and 2 parking spaces. It is adjacent to 330 Robeson St which has an additional 24 garages also currently for sale.
Nice 2 bay block garage just off the Warren St Bypass. Large rear yard accessible from Allegheny Ave. Need storage space for cars or any other equipment? This would be a great economical solution.
Business opportunity! This property is more than what you can see from the street, or the sky... for one thing, it's already approved by Reading city zoning board for use as a climate controlled self storage business with projected 324 units in 12,375 SF of rentable space! (add an additional 2000 net rentable space by including 226 Moss St in the site plan)Yes, you will start by razing the property, followed by construction... and end up with projected Net Operating Income of over $92,000 in the second year, climbing to over $179,000 in the fourth year! (debt service TBD) This neighborhood property is full of potential, it includes 226 Moss St ( a 1700 sf, partially restored house with a two story garage) and 228 Moss St (a 90' x 90' three story warehouse with a court yard and street access on three sides). R3 Zoning allows for possible conversions... bring your ideas and your architect and be a part of revitalizing this part of Reading!Showings limited due to dangerous conditions, Yep, you will need to sign a waiver! Ask your agent for proposed renderings, zoning hearing results, and projected income as well as the study done to back up those projections. (this is a real project, with real income at the end of four years... )
Built in the late 1700's, this Historic Building is located at the Center of Reading's Business District. Great visibility, excellent location. The mostly occupied, diverse tenant mix includes 8 units: five retail at street level, three on the upper floors operating as office and service providers. Utilities are separated and each unit has their own HVAC , gas and electric meters. Owner expenses are very manageable. Buy today, collect rent tomorrow! The second and third floors are serviced by an elevator, allowing access to everyone.Regarding residential conversion: the commercial core zoning of this building requires commercial use on the ground level, but allows for residential use on the upper floors (with parking accommodations.) See the attached CC Zoning doc as well as floor plans. Easy to show with preferred 36 hours notice, come on out!
511 - 515 Penn st Reading Pa 40,000 square foot building in the Central Business District of Reading Pa. Former bank with lots of uses. In the Keystone Opportunity Zone. .33 acres 40,000 square feet of retail /commercial space in the heart of Penn St Reading between 5th & 6th Streets in the heart of the Reading Downtown Improvement District. Formerly Reading Trust stretches from Penn St to Court St with access on both streets. This is in the Penn Square Overlay District with underlying Commercial Core (C-C) district. 3 Story building with large 40 Ft Atrium Ceiling. .33-acre property has a full basement with many vaults. Single or Multiple tenant occupancy. Close to Reading Post Office, Attorney Row, City Hall, County Offices, and The Sovereign Center. New Roof. Multiple elevators, sprinkler system, several parking garages within walking distance. Public transportation on 5th St. Perfect Redevelopment project. Many Grant Opportunities paying for rehab and development with the Home Grant Paying up to 75% of property acquisition and rehab for housing and other potential programs. Approximately 30 apartments should be possible with the first floor staying commercial.