417 WALNUT STREET, READING, PA, 19601
  • $395,000

Overview

MLS ID : PABK2068316
  • Commercial Sale, Five Or More Units
  • Property Type

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 June 5, 2026 at 5:56 pm
  • MLS ID PABK2068316
  • Price $395,000
  • Land (Acres) 0.12
  • Year Built 1920
  • Property Type Commercial Sale, Five Or More Units
  • Property Status MLS Status ACTIVE-BRIGHT

Additional Detail

  • AssessmentYear 2025
  • County Tax 1742
  • Cross Street 5th street
  • DOM 100
  • Heating Steam
  • Listing Broker Light House Realtors, LLC
  • Price Change Time Stamp May 21, 2026 at 01:53pm
  • School District READING
  • School Tax 3466
  • Sewer Public Sewer
  • Short Sale No
  • Annual Taxes 8712

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