Downtown Multi-Building Residential
417 Walnut Street Reading, PA 19601
For Sale
$420,000
Multi-building property formerly used as a parole and probation treatment facility, offering potential to develop 12–14 apartments.
Property Size12,151 SF
Price / SF$34.57
Days on Market222
Property Features for 417 Walnut Street
General Information
- Standard status
- Active
- Size
- 12,151 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing Agency:
Light House Realtors, LLC
(610) 507-4933
Listed By:
Jorge Diaz
(610) 507-4933
Source:
Xome
Added: Dec 14, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:18AM
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 Light House Realtors, LLC
Investment Insights
Based on property information with market context.
This for-sale multi-building residential opportunity is positioned in the heart of Downtown Reading. The property was previously utilized as a Drug Addiction Parole & Probation Treatment facility, and it offers substantial square footage with a layout described as conducive to multifamily conversion.
The property is marketed as having the potential to develop 12–14 apartment units, reflecting its multi-building configuration and existing improvements. Prospective buyers and brokers can review the site and floor plans to confirm the scope and feasibility of converting the existing structure(s) into apartment use.
If you are evaluating a downtown repositioning project for residential conversion, this asset is presented as a redevelopment candidate based on its prior institutional use and the stated adaptability of its layout.
The property is marketed as having the potential to develop 12–14 apartment units, reflecting its multi-building configuration and existing improvements. Prospective buyers and brokers can review the site and floor plans to confirm the scope and feasibility of converting the existing structure(s) into apartment use.
If you are evaluating a downtown repositioning project for residential conversion, this asset is presented as a redevelopment candidate based on its prior institutional use and the stated adaptability of its layout.
Key Highlights
- Downtown Reading multi‑building property formerly used as a parole and probation treatment facility
- Potential to develop 12–14 apartment units based on the existing multi‑building layout
- Zoned R3
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multi-building property formerly used as a parole and probation treatment facility, offering potential to develop 12–14 apartments.
Where is this apartment building located?
The property is located at 417 Walnut Street Reading, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Downtown Reading multi‑building property formerly used as a parole and probation treatment facility; Potential to develop 12–14 apartment units based on the existing multi‑building layout; Zoned R3
