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11-Unit Multifamily Portfolio
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302 N 5th St - 427 Elm St - 439 Elm St., Reading, PA 19601

Three nearby residential income buildings offer a concentrated ownership configuration in Reading’s Callow Hill district.

Property SizeContact for details
Days on Market144

Property Features for 302 N 5th St - 427 Elm St - 439 Elm St.

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 11

Building Details

Buildings 3
Listing Agency: Reading Realty Group
Listed By: Tom Moursy · License #SBR004847
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:03AM

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 Reading Realty Group

Investment Insights

Based on property information with market context.

This multifamily portfolio includes three residential buildings totaling 11 units. The properties are grouped near one another in Reading’s Callow Hill district, creating a compact footprint for ownership and oversight.

The package consists of 302 N. 5th St. with 4 units, 427 Elm St. with 3 units, and 439 Elm St. with 4 units. Each building is located within the same immediate area, with the Elm Street properties and the N. 5th Street property positioned around the corner from one another. The assets are being offered as a single package within a broader portfolio program.

Key Highlights

  • Three‑building multifamily package with 11 total units
  • 302 N. 5th St. includes 4 units
  • 427 Elm St. includes 3 units

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Computer & Electronic Repair Skin Care Clinic 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

11
Residential units

Location Intelligence

Trade Area within ½ mile

541
Businesses Nearby

Demographics for 19601, PA

35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
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?
Multifamily property - Three nearby residential income buildings offer a concentrated ownership configuration in Reading’s Callow Hill district.
Where is this multifamily property located?
The property is located at 302 N 5th St - 427 Elm St - 439 Elm St. Reading, PA.
What are key features of this property?
This property features: Three‑building multifamily package with 11 total units; 302 N. 5th St. includes 4 units; 427 Elm St. includes 3 units
More about this property
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