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$150,000
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Property Description
Value-Add Mixed-Use Investment Opportunity in the City of Reading! 2876 SF mixed-use building featuring two residential apartments and a vacant commercial space, offering immediate upside through lease-up and rent optimization. Current rents: Unit 1 $500/mo, Unit 2 $500/mo; commercial unit vacant - ideal for owner-occupant or investor. Market rents support strong income growth potential. Estimated income of approximately $30,000 annually supports a near 10% cap rate at asking price, making this an attractive opportunity for investors or SBA buyers seeking business + residential income. Zoned for mixed-use, suitable for office, retail, professional services, salon, or similar neighborhood commercial uses (buyer to verify). Excellent opportunity to add value through leasing the commercial space and modest rent increases. Property sold as-is. Ideal for investor, owner-occupant.
Full Property Details
Full Property Details for 532 Elm St
General
- Sold For: $150,000
- Taxes: $3,033 (2025)
- Status: Closed
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PABK2060350
- Added to Site: 306 day(s) ago
Business
- Business Type: Professional
Interior
- Flooring: Carpet, Hardwood
Parking
- Parking Type: None
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: Window Unit(s), Wall Unit
- Heating Type: Radiator, Steam
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Flat, Shingle
- Building Size: 2876
- Year Built: 1950
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,742
- Lot Size Source: Assessor
- Zoning: COMMERICAL
Financial Considerations
- Price Per Sq. Ft.: $69.19
- Assessment Year: 2025
- School Tax: $1,207
- City/TownTax: $1,220
- City/TownTax Freq: Annually
- County Tax: $607
- County Tax Freq: Annually
- Tax w/Assessment: $67,300
- Tax Amount: $3,033
- Tax Year: 2025
- Owner Pays: Gas, Electricity, Sewer, Water, Trash Collection
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenants personal property
- Inclusions: Commercial office space includes desks, filing cabinets, conference room table, book cases, and all remaing large office equipment/furniture. Residential units include 1 refrigerator and washer and dryer
- Lot Number: 2845
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Schools
Schools serving 532 Elm St
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Lauers Park El School 251 North 2nd Street, Reading, PA 19601 | PK-4 | 0.3 mi |
Southwest Ms 300 Chestnut Street, Reading, PA 19602 | 5-8 | 0.6 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 1 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 532 Elm St
Date
Details
Price
Change
Source
4/30/2026
Sold
$150,000
-24.62%
MLS
11/11/2025
Price Reduced
$199,000
-11.56%
MLS
10/17/2025
Price Reduced
$225,000
-10%
MLS
8/20/2025
Price Reduced
$250,000
-7.41%
MLS
7/23/2025
Listed
$270,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
532 Elm Street, Reading, PA 19601 (MLS# PABK2060350) is a Commercial Service property that was sold at $150,000 on April 30, 2026. This property was listed by Brittany Nye from our Wyomissing Office.Want to learn more about 532 Elm Street? Do you have questions about finding other Commercial Service real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.


