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Six-Unit Multifamily Building
For Sale
$424,900

127 S 3rd Street, Reading, PA 19602

Six separate units in a multifamily building available for sale, with work needed to realize its value.

Property Size6,781 SF
Price / SF$62.66
Days on Market162

Property Features for 127 S 3rd Street

General Information

Standard status Active
Size 6,781 SF
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $2,239

Amenities

Window Air Conditioning
3
Ceramic Tile, Vinyl, Carpet
Rubber
RESI
Parking.
On Street.
0.00 x 0.00

Building Details

Year Built 1900
Listing Agency: Coldwell Banker Realty
Listed By: Joe Colon · License #RS343304
Source: Xome
Added: Mar 28 Changed: Aug 23 Last Checked: Sep 4 at 3:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This for-sale multifamily property is a 6-unit apartment building with six separate units. The building requires work, making it well suited for buyers looking to renovate and upgrade the property.

The property is located at 127 S 3rd Street in Reading, Pennsylvania. It offers an investor-focused configuration centered on a single, self-contained building with multiple rental units.

With six individual units in place, the building provides a straightforward income property format for continued leasing activity following renovation and upgrades.

Key Highlights

  • 6‑unit multifamily property at 127 S 3rd Street in Reading
  • Building has six separate units, offering multiple income‑producing units
  • Year built: 1900

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,206
Businesses Nearby

Demographics for 19602, PA

19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six separate units in a multifamily building available for sale, with work needed to realize its value.
Where is this apartment building located?
The property is located at 127 S 3rd Street Reading, PA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 6‑unit multifamily property at 127 S 3rd Street in Reading; Building has six separate units, offering multiple income‑producing units; Year built: 1900
More about this property
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