Overview

MLS ID : PABK2068316

Five Or More Units
Property Type

1920
Year Built

Description

Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 12–14 apartment units in a rapidly evolving corridor.

Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market.

With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation.

Bring your vision and unlock the full potential of this prime investment.

Details

Updated on October 7, 2026 at 4:35 am

MLS ID PABK2068316
Price $349,900
Land (Acres) 0.12
Year Built 1920
Property Type Five Or More Units
Property Status Commercial Sale, MLS Status ACTIVE-BRIGHT

Additional Detail

AssessmentYear 2025
County Tax 1742
Cross Street 5th street
Heating Steam
Listing Broker Light House Realtors, LLC
School District READING
School Tax 3466
Sewer Public Sewer
Short Sale No
Annual Taxes 8712

Features

Has Heating System

Mortgage Calculator

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BRIGHT(MRIS/Trend) data last updated on