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$260,000
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Property Description
Investors and house hackers - the math on this one just got better. We pulled 316 S 8th Street off-market briefly to rehab every unit to rent-ready, and we dropped the price $25K to $274,900. So you're now buying a turnkey, fully vacant 4-unit in one of PA's most renter-hungry markets - 60% of households rent, studios are pulling $875-$1,100/mo and 2-bedrooms are pushing $1,200-$1,500+. Run the numbers: rent-ready from day one means no rehab lift and no lag to cash flow. Lease all four at market for a gross rent roll of $3,825-$4,800+/mo - roughly $45K-$57K a year against a $274,900 buy. Every unit has its own separate electric heat and each tenant pays their own utilities, so operating expenses stay lean and net income stays fat. No utility bills eating your returns. Still maximum flexibility: stack all four for income, or move into the 2-bedroom and let three tenants cover your mortgage while you build equity. And because it's delivered vacant, there are no inherited leases and no inherited headaches - you price every unit at today's market the day you close. Demand in this market isn't slowing. Clean turnkey rental play, rent-ready, priced to move at $274,900. Call or text now to schedule your showing and get the full unit-by-unit numbers. Bring proof of funds or pre-approval with your offer.
Full Property Details
Full Property Details for 316 S 8th St
General
- Sold For: $260,000
- Taxes: $1,232 (2025)
- Status: Closed
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PABK2071194
- Added to Site: 126 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.: $128.82
- 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
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2134
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 4308
Listed by Light House Realtors, LLC, Jose Vazquez
Sold by Light House Realtors, LLC, Jorge Diaz Jr.
Get Pre-Approved Today
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
8/20/2026
Sold
$260,000
-5.42%
MLS
6/25/2026
Price Reduced
$274,900
-8.34%
MLS
4/23/2026
Listed
$299,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
316 S 8th Street, Reading, PA 19602 (MLS# PABK2071194) is a Townhouse property that was sold at $260,000 on August 20, 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.

