731 WASHINGTON ST Reading, PA 19601
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2063726
Year Built 1915
Annual Tax Amount $2,375
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a café with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024–2025.
This property generates consistent rental income and, at the asking price of $500,000, reflects an attractive 8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MIX C
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C, Window Unit(s)
Flooring Wood, Carpet
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
View City
Roof Type Pitched
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 08-5307-84-90-2887
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Email hope@thebreedengroup.com
Address 1425 Clarkview Rd, Baltimore, MD, 21209, USA
Hope Greenlee is a seasoned Realtor with 17 years of experience in the real estate industry. She hails from Baltimore County, is a proud graduate of Parkville High School, and pursued a business degree in Pittsburgh, Pennsylvania. With a background as a Multi-Site Property Manager spanning over two decades across Maryland, Hope has honed her skills and expertise in various facets of real estate. She is a devoted mother to five children and a passionate, market-savvy professional who prioritises her clients' satisfaction and best interests above all else. Hope's approach is characterised by professionalism, patience, and unwavering loyalty, ensuring a seamless and satisfying real estate experience. She is now part of The Breeden Group of Berkshire Hathaway Homesale Realty.
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