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$849,900
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Property Description
Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units - a front building with seven units and a rear building with two units. Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify). With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand. Whether you're looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability. Bring an offer! Motivated seller-room to negotiate with a fair and reasonable offer.
Full Property Details
Full Property Details for 238 S 5th St
General
- Price: $849,900
- Taxes: $10,497 (2024)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PABK2054900
- Updated: 1/13/2026
- Added to Site: 298 day(s) ago
Rental Information
- Lease Info: Month to Month, Yearly
Interior
- Appliances: Stove, Washer
- Flooring: Carpet, Hardwood, Tile/Brick, Vinyl, Wood, Other
Exterior
- Exterior Features: Play Area
- Porch/Patio/Deck: Porch(es)
Parking
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: Right on Penn St and Right onto S 5th St
- Location Details: Downtown
School Information
- School District: Reading
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Victorian
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Other
- Roof: Other
- Walls/Ceilings: 9'+ Ceilings
- Square Feet: 6,206
- Sq. Ft. Source: Estimated
- Living Area: 6,206 Sq. Ft.
- Finished Above Grnd: 6,206 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9
Additional Structures
- Other Structures: Carriage House
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Lot Size Source: Assessor
- Zoning: MULTI
- Lot Description: Other
Financial Considerations
- Price Per Sq. Ft.: $136.95
- Assessment Year: 2025
- School Tax: $4,176
- City/TownTax: $4,222
- City/TownTax Freq: Annually
- County Tax: $2,099
- County Tax Freq: Annually
- Tax w/Assessment: $232,900
- Tax Amount: $10,497
- Tax Year: 2024
- Owner Pays: Insurance, Sewer, Trash Collection, Taxes - Real Estate, Water
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 6684
Listed by Pagoda Realty, Jimmy Thelusca
Get Pre-Approved Today
Schools
Schools serving 238 S 5th St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Tyson-Schoener El School 315 South 5th Street, Reading, PA 19602 | PK-4 | 0.1 mi |
Southwest Ms 300 Chestnut Street, Reading, PA 19602 | 5-8 | 0.2 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 238 S 5th St
Date
Details
Price
Change
Source
1/03/2026
Price Reduced
$849,900
-3.41%
MLS
10/09/2025
Price Reduced
$879,900
-1.12%
MLS
10/07/2025
Price Reduced
$889,900
-1.11%
MLS
8/21/2025
Price Reduced
$899,900
-2.17%
MLS
6/25/2025
Price Reduced
$919,900
-3.16%
MLS
5/14/2025
Price Reduced
$949,900
-1.04%
MLS
3/25/2025
Listed
$959,900
56.08%
MLS
5/17/2023
Sold
$615,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 238 S 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,321
3%
$232,900
—
2024
$6,166
-39%
$232,900
—
2023
$10,181
—
$232,900
—
2022
$10,181
—
$232,900
—
2021
$10,181
1%
$232,900
—
2020
$10,079
—
$232,900
—
2019
$10,079
140%
$232,900
140%
2018
$4,202
1%
$97,100
—
2017
$4,174
1%
$97,100
—
2016
$4,124
5%
$97,100
—
2015
$3,930
1%
$97,100
—
2014
$3,882
—
$97,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 238 S 5th St
238 S 5th Street, Reading, PA 19602 (MLS# PABK2054900) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 238 S 5th Street is currently listed for $849,900 and was received on March 25, 2025. Want to learn more about 238 S 5th Street? Do you have questions about finding other Townhouse real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

