Turnkey Multifamily Income
For Sale
$1,175,000
525 Penn St, Reading, PA 19601
Six-unit multifamily building with central air/heat in each unit and a recently replaced roof.
Property Size14,837 SF
Price / SF$79.19
Days on Market183
Property Features for 525 Penn St
General Information
Standard status
Active
Size
14,837 SF
Zoning
Commercial-Core
Occupancy
67%
Additional Details
Business Included
Yes
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Jason Jason Miller
(484) 721-7218
Source:
Premierehomegroup
Added: Apr 24
Changed: Oct 2
Last Checked: Oct 7 at 12:57PM
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 Coldwell Banker Realty
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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.
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
Property Analytics
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Lease Details
66.7%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,825
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 St Reading, PA.
What is the asking price?
The asking price for this property is $1,175,000.
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
