$475,000
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731 Washington Street Reading, PA 19601 Municipality: Reading City
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
3,800
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Exceptional investment opportunity in the heart of Reading. This mixed-use property combines 729 and 731 Washington Street, which have been annexed and are now considered one building. Fully renovated in 2016, the property offers two commercial units and two residential apartments, providing both st...ability and upside potential for investors or owner-operators. The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a café with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024–2025. This property generates consistent rental income and, at the asking price of $500,000, reflects an attractive 8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.
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MLS#
PABK2063726
Property Type
Mixed Use
Year Built
1915
Square Feet
3,800
sq. ft
Price per Sq. Ft.
$125.00
Lot Size
0.05
Sewer
Sewer Available, Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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