731 WASHINGTON ST Reading, PA 19601
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Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $131
Subdivision None Available
MLS Listing ID PABK2063730
Style Other
Abv Grd Liv Area 3,800
Year Built 1915
Annual Tax Amount $2,375
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Other
Source BRIGHT
Property Description
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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MIX R
Rooms
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air, Hot Water
Cooling Central A/C, Wall Unit
Flooring Wood, Fully Carpeted, Tile/Brick
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 3800
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 08-5307-84-90-2887
Ownership Fee Simple
SqFt Source 3800
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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