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    731 Washington St Reading, PA 19601

    New
    For Sale
    $475,000

    MULTI_FAMILY - READING, PA

    Property size:
    3,800 SF
    Lot size:
    0.05 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 731 Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    On Street
    Size
    3,800 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Forced Air, Hot Water(Heating)
    Cooling system
    Central Air, Wall Unit(s)

    Building Details

    Year built
    1915
    Number of units
    4
    Building materials
    Stone

    eXp Realty (888) 397-7352 [email protected]

    Listing agent Taj S Simmons (888) 397-7352 License #RS315174

    Listing date Dec 9, 2025

    MLS# PABK2063730 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Reading Mixed-Use Investment Opportunity

    This mixed-use property, located in Reading, combines 729 and 731 Washington Street, now considered one building. Renovated in 2016, the property includes two commercial units and two residential apartments. The residential units consist of a one-bedroom and a two-bedroom apartment. The commercial spaces feature an office and a cafe with a utility surcharge. Updates include 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. The property is situated in close proximity to businesses, restaurants, and public transit. The property size is 3800 square feet, situated on a lot of 0.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sweets cafe juice ... Breakfast Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.92265
    Latitude
    40.33705

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 731 Washington St Reading, PA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Attractive 8.1% cap rate at $500,000 asking price.; - Mixed-use property featuring two commercial units (office and cafe) and two residential apartments (one and two-bedroom).; - Fully renovated in 2016 with recent 2024 roof and dormer replacement, plus bathroom upgrades in 2022 and 2024-2025.
    (888) 397-7352
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    731 Washington St Reading, PA 19601
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    Reading, PA 19601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    731 Washington St Reading, PA 19601
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