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Property Description
Known historically as the Swanona Mansion, this is a rare, high-end mixed-use property offering historic elegance, strong income, and exceptional flexibility. Built by steel magnate James Carpenter, founder of Carpenter Steel, this landmark estate features two buildings and a large private parking lot in a prime Reading location. The primary building is a grand mansion converted to professional offices, currently leased and producing revenue. It can be delivered vacant if needed, making it an ideal headquarters for a law firm or professional office seeking a prestigious and spacious setting. The second building; originally a carriage house, includes three distinctive units now used as offices. Zoning allows residential use, and the units could be easily updated and converted to high-end apartments. All mechanical systems are recently replaced, modern, high-end, and energy-efficient, with air conditioning added throughout both buildings. Ownership options include continuing current operations, owner occupancy with vacant delivery, or a smooth transition with the seller remaining as a tenant for up to one year. The seller is also willing to hold financing, allowing a buyer time to familiarize and establish themselves with this exceptional property. A unique opportunity to acquire a historic, income-producing estate with significant upside. Schedule your showing today!
Full Property Details
Full Property Details for 606 N 5th St #M-3FL
General
- Price: $850,000
- Taxes: $12,958 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PABK2067214
- Updated: 1/13/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Apartment Building, Banquet Facility/Lodge, Bed and
Interior
- Flooring: Wood, Ceramic Tile, Hardwood
Additional Information
- Security/Safety: Security System
Parking
- Total Spaces: 20
- Parking Features: Handicap Parking, Paved Parking, Private, Security/Monitored
- Parking Type: Parking Lot
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: BERKS
- Building Name: NONE AVAILABLE
- Driving Directions: 606 N. 5th Street, Reading PA 19601
- Historic District: Yes
School Information
- High School: Reading Senior
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Building Size: 9450
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 21,780
- Lot Size Source: Estimated
- Zoning: MIXED USE
Financial Considerations
- Price Per Sq. Ft.: $89.95
- School Tax: $5,155
- City/TownTax: $5,212
- City/TownTax Freq: Annually
- Tax w/Assessment: $189,600
- Tax Amount: $12,958
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Owner/Tenant and Their Clients Personal Property And Belongings
- Inclusions: Negotiable
Listed by United Real Estate Strive 212, Chad A Schlanger
Get Pre-Approved Today
Schools
Schools serving 606 N 5th St #M-3FL
School District:Reading School District
| Name | Grades | Distance |
|---|---|---|
Central Middle School, Reading, PA 215 North 12th Street, Reading, PA 19604 | 5-8 | 0.8 mi |
Riverside El School 1400 Centre Avenue, Reading, PA 19601 | PK-4 | 0.9 mi |
Reading Senior High School 801 North 13th Street, Reading, PA 19604 | 9-12 | 0.9 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 606 N 5th St #M-3FL
Date
Details
Price
Change
Source
1/13/2026
Listed
$850,000
169.84%
MLS
1/30/2015
Sold
$315,000
—
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 606 N 5th St #M-3FL
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,803
3%
$287,500
—
2024
$7,611
-39%
$287,500
—
2023
$12,568
—
$287,500
—
2022
$12,568
—
$287,500
—
2021
$12,568
1%
$287,500
—
2020
$12,442
—
$287,500
—
2019
$12,442
—
$287,500
—
2018
$12,442
1%
$287,500
—
2017
$12,360
1%
$287,500
—
2016
$12,210
5%
$287,500
—
2015
$11,635
1%
$287,500
—
2014
$11,495
—
$287,500
—
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 606 N 5th St #M-3FL
606 N 5th Street #M-3FL, Reading, PA 19601 (MLS# PABK2067214) is a Apartment property. 606 N 5th Street #M-3FL is currently listed for $850,000 and was received on January 13, 2026. Want to learn more about 606 N 5th Street #M-3FL? Do you have questions about finding other Apartment real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

