525 Penn Street Reading, PA 19601

Building Details

Year Built

1880

Listing agency Coldwell Banker Realty j***@cbhomes.com Show Phone

Listed by Jason Miller Show Phone

Source Xome

Added: Jan 11 Updated: Jul 21 at 2:59AM Checked: Jul 22 at 3:37AM

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Investment Insights

Based on property information with market context.

525 Penn Street is a six-unit multifamily property in Reading City. The roof was replaced within the past two years, and each unit features its own central air/heat system, supporting straightforward utility billing.

The building is located in the Commercial-Core, historic district of Reading, one block off the Berks County Courthouse and Santander Arena. It sits on a heavily traveled block, with many outside public events taking place on the 500 block.

As offered, the property is described as turnkey and income generating, with four of the six units currently leased.

Key Highlights

• Six‑unit multifamily building (Year built 1880) with 4 units leased, generating incoming and a cap rate over 8%
• Commercial‑Core zoning (C‑C COMMERCIAL CORE) in Reading’s Commercial‑Core historic district
• Each unit has its own central air/heat system for individual utility billing

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FAQs

What type of property is this?

Apartment building - Six-unit multifamily building with central air/heat in each unit and a recently replaced roof.

Where is this apartment building located?

The property is located at 525 Penn Street Reading, PA.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Six‑unit multifamily building (Year built 1880) with 4 units leased, generating incoming and a cap rate over 8%; Commercial‑Core zoning (C‑C COMMERCIAL CORE) in Reading’s Commercial‑Core historic district; Each unit has its own central air/heat system for individual utility billing