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31-Unit Apartment Portfolio
For Sale
$950,000

17-19 S 3rd Street, Reading, PA 19602

Three nearby buildings combine apartment units with a ground-floor commercial space and multiple established building systems.

Property SizeContact for details
Days on Market195

Property Features for 17-19 S 3rd Street

General Information

Standard status Active
Property subtype Commercial
Lease Term []

Additional Details

Asking Price $3,225,000
Multifamily Units 31

Building Details

Year Built 1900
Listing Agency: TCS Management,LLC
Listed By: Alex C Prince · License #RS322309
Source: Deepcreeklake
Added: Jan 23 Changed: Aug 6 Last Checked: Aug 6 at 3:59AM

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 TCS Management,LLC

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises 31 residential units and one commercial space across three brick buildings in Reading. The 17 and 19 South 3rd Street properties contain 10 apartments in adjacent three-story structures, with stone and mortar foundations, wood joist framing, and flat rubber roofs replaced within the past five years. The 1259 North 10th Street building offers 9 residential units and a ground-floor commercial space within more than 14,000 square feet. Its improvements include electric baseboard heat, in-unit hot water heaters, copper wiring, and a roof replaced within the last five to seven years.

At 831 North 10th Street, 12 apartments occupy three stories and approximately 19,000± square feet. The building features a stone veneer and stucco façade, central steam heat, and a gas-fired hot water system. Across the portfolio, tenant utility responsibilities vary by property, while water, hot water, or central heat are included in specified arrangements. The assets were built between 1890 and 1910 and are located within minutes of one another, supporting coordinated property operations.

Key Highlights

  • 31 residential units and 1 commercial space across three buildings
  • 17 and 19 South 3rd Street contain 10 apartment units in adjacent three‑story brick buildings
  • 1259 North 10th Street includes 9 residential units and 1 ground‑floor commercial space

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic Wine and Liquor Store Locksmith

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

31
Residential units

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Three nearby buildings combine apartment units with a ground-floor commercial space and multiple established building systems.
Where is this apartment building located?
The property is located at 17-19 S 3rd Street Reading, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 31 residential units and 1 commercial space across three buildings; 17 and 19 South 3rd Street contain 10 apartment units in adjacent three‑story brick buildings; 1259 North 10th Street includes 9 residential units and 1 ground‑floor commercial space
More about this property
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