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Five-Unit Apartment Building
For Sale
$450,000
Pending

300 South 5th Street, Reading, PA 19602

Mixed zoning, a two-car garage, and separately deeded rear parking add functional flexibility.

Property SizeContact for details
Days on Market146

Property Features for 300 South 5th Street

General Information

Standard status Pending
Total Parking Spaces 4
Property subtype Multi-Family / Fee Simple
Zoning MIXED

Additional Details

Gross Income $52,800
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $3,014

Amenities

No
No Pool
Above Grade, Below Grade

Building Details

Year Built 1900
Listing Agency: United Real Estate Strive 212
Listed By: Chad A Schlanger · License #RS306495
Source: Compass
Added: Apr 7 Changed: Aug 29 Last Checked: Aug 29 at 8:53PM

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 United Real Estate Strive 212

Investment Insights

Based on property information with market context.

Located at 300 South 5th Street in Reading, Pennsylvania, this five-unit apartment property dates to 1900 and carries MIXED zoning. The building includes an owner-occupied first-floor unit, while the remaining units contribute to the property’s current rental operations.

A two-car garage provides additional on-site utility and may be used by the owner or separately rented. The offering also includes a separately deeded parking lot positioned directly behind the building, providing dedicated parking associated with the property. The combination of multiple residential units, garage space, and additional land creates a varied physical configuration for ownership and management.

Key Highlights

  • Five‑unit apartment property built in 1900
  • Owner‑occupied first‑floor unit is not part of current rental income
  • Two‑car garage with potential for owner use or separate rental

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Storage Facility Parking Lot & Garage HVAC Service

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

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

529
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 - Mixed zoning, a two-car garage, and separately deeded rear parking add functional flexibility.
Where is this apartment building located?
The property is located at 300 South 5th Street Reading, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Five‑unit apartment property built in 1900; Owner‑occupied first‑floor unit is not part of current rental income; Two‑car garage with potential for owner use or separate rental
More about this property
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