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$299,900 Just Listed
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Property Description
Savvy investors and house hackers - this is the one you've been waiting for. This fully vacant 4-unit at 316 S 8th Street is a blank canvas sitting in one of Pennsylvania's most renter-hungry markets, where 60% of households rent and studios are commanding $1,000-$1,100/mo with 2-bedrooms pushing $1,600-$1,700+ in today's market. Do the math: a light cosmetic refresh - fresh floors, clean walls - and you're looking at a potential gross monthly rent roll of $4,200-$4,500+. Here's where it gets even better - every unit has its own separate electric heat and each tenant pays their own utilities, meaning your operating expenses stay lean and your net income stays fat. No utility bills eating into your returns. A true investor's dream structure. Maximum flexibility too: rent all four and stack income, or move into the 2-bedroom, let your three tenants cover your mortgage AND put cash in your pocket every single month - live for free while building real wealth. The vacancy isn't a problem - it's your power. Every unit is yours to price at peak market rates from day one, no inherited leases, no inherited headaches, just pure upside. In a city where rents have risen nearly 2% year-over-year and demand never sleeps, hesitation is the only mistake you can make. First mover wins here - schedule your showing now before the next investor does.
Full Property Details
Full Property Details for 316 S 8th St
General
- Price: $299,900
- Taxes: $1,232 (2025)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PABK2071194
- Updated: 4/23/2026
- Added to Site: 3 day(s) ago
Rental Information
- Lease Info: None
Parking
- Parking Type: On Street
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: Use GPS
School Information
- School District: Reading
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available
Structural Information
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Foundation: Brick/Mortar
- Square Feet: 2,134
- Sq. Ft. Source: Assessor
- Living Area: 2,134 Sq. Ft.
- Finished Above Grnd: 2,134 Sq. Ft.
- Year Built: 1900
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,306
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $140.53
- Assessment Year: 2026
- School Tax: $479
- City/TownTax: $513
- City/TownTax Freq: Annually
- County Tax: $241
- County Tax Freq: Annually
- Tax w/Assessment: $26,700
- Tax Amount: $1,232
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 2134
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 4308
Listed by Light House Realtors, LLC, Jose Vazquez
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Schools
Schools serving 316 S 8th St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Southern Middle School, Reading, PA 931 Chestnut Street, Reading, PA 19602 | 5-8 | 0.2 mi |
Amanda E Stout Elementary School 321 South 10th Street, Reading, PA 19602 | PK-4 | 0.3 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 316 S 8th St
Date
Details
Price
Change
Source
4/23/2026
Listed
$299,900
139.92%
MLS
9/13/2021
Sold
$125,000
—
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 316 S 8th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$725
3%
$26,700
—
2024
$707
-39%
$26,700
—
2023
$1,167
—
$26,700
—
2022
$1,167
—
$26,700
—
2021
$1,167
1%
$26,700
—
2020
$1,155
—
$26,700
—
2019
$1,155
—
$26,700
—
2018
$1,155
1%
$26,700
—
2017
$1,148
1%
$26,700
—
2016
$1,134
5%
$26,700
—
2015
$1,081
1%
$26,700
—
2014
$1,067
—
$26,700
—
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 316 S 8th St
316 S 8th Street, Reading, PA 19602 (MLS# PABK2071194) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 316 S 8th Street is currently listed for $299,900 and was received on April 23, 2026. Want to learn more about 316 S 8th 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.

