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$2,750,000 -$100,000 (-3.51%) Price Reduced

  • For Sale
  • Active
  • Apartment
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*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unit historic building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of which having their own private bathrooms and 4 thriving commercial spaces. The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building's diverse tenant mix. Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot. With zoning approval, this versatile space could be transformed into additional storage, parking, or even expanded living quarters, offering further potential to increase value. This profitable property offers stable income with significant upside for the savvy investor. Additional financials are available upon request, and all offers are welcome. Don't miss your chance to own a piece of history with endless possibilities. Schedule your showing today!

Full Property Details for 5 E Penn Ave

General

  • Price: $2,750,000
  • Taxes: $7,335 (2001)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PABK2046956
  • Updated: 2/9/2026
  • Added to Site: 546 day(s) ago

Business

  • Business Type: Apartment Building, Hotel/Motel, Parking Lot, Restaur

Interior

  • Flooring: Laminated, Vinyl

Parking

  • Total Spaces: 36
  • Parking Features: Private
  • Parking Type: Parking Lot

Location

  • Area: Wernersville Boro (10290)
  • Municipality: WERNERSVILLE BORO
  • County: BERKS
  • Cross Streets: Penn
  • Driving Directions: Penn Ave west to Wernersville, property on right
  • Location Details: Suburban

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: 60+ Gallon Tank, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Frame
  • Foundation: Brick/Mortar
  • Roof: Rubber, Shingle
  • Stories/Levels: 4
  • Building Size: 8000
  • Year Built: 1890
  • Year Built Source: Estimated
  • Property Condition: Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 18,000
  • Lot Size Source: Estimated
  • Zoning: RES

Financial Considerations

  • Price Per Sq. Ft.: $343.75
  • Tax w/Assessment: $253,500
  • Tax Amount: $7,335
  • Tax Year: 2001
  • Owner Pays: All Utilities

Disclosures and Reports

  • Ownership: Fee Simple
  • Permits: On Hand
  • Investment: Yes
  • Lot Number: 576450

Listed by Pagoda Realty, Jimmy Thelusca

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Listing agent

— 5 E Penn Ave —

  • Jimmy Thelusca

    Pagoda Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5 E Penn Ave

School District:Conrad Weiser Area School District
NameGradesDistance
Conrad Weiser High School
44 Big Spring Road, Robesonia, PA 19551
9-122.5 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 5 E Penn Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Price Reduced
$2,750,000
-3.51%
MLS
8/12/2024
Listed
$2,850,000
200%
MLS
5/04/2021
Sold
$950,000
—
Public Record
Get Price Alerts and Save Property
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 for 5 E Penn Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,069
4%
$253,500
—
2024
$3,899
-64%
$253,500
—
2023
$10,960
-5%
$253,500
—
2022
$11,570
2%
$253,500
—
2021
$11,378
2%
$253,500
—
2020
$11,130
2%
$253,500
—
2019
$10,930
2%
$253,500
—
2018
$10,712
4%
$253,500
—
2017
$10,294
2%
$253,500
—
2016
$10,087
2%
$253,500
—
2015
$9,933
1%
$253,500
—
2014
$9,806
—
$253,500
—
View All
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 for 5 E Penn Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Pagoda Realty, Jimmy Thelusca

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5 E Penn Avenue, Wernersville, PA 19565 (MLS# PABK2046956) is a Apartment property. 5 E Penn Avenue is currently listed for $2,750,000 and was received on August 12, 2024. Want to learn more about 5 E Penn Avenue? Do you have questions about finding other Apartment real estate for sale in Wernersville? You can browse all Wernersville real estate or contact a Coldwell Banker agent to request more information.

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