Mixed-Use 5-Unit
835 Washington Street Reading, PA 19601
835 Washington Street, Reading, PA, 19601
$495,000
For Sale
$495,000
Five-unit property includes a street storefront, four residential units, and a multi-floor garage.
Property Size4,029 SF
Price / SF$122.86
Days on Market345
Property Features for 835 Washington Street
General Information
- Standard status
- Active
- Size
- 4,029 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing agency
Pagoda Realty ERA Powered
(610) 927-7466
Listed by
Jimmy Thelusca · License #RS333622
(610) 927-7466
Source
Xome
Added: Aug 11, 2025 Updated: Jul 20 at 4:28PM Checked: Jul 21 at 3:09AM
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 Pagoda Realty ERA Powered
Investment Insights
Based on property information with market context.
This mixed-use building offers five income-generating units, with one street-level storefront plus four residential units. The property also includes a multi-floor garage.
Located at 835 Washington Street in Reading, PA 19601, the storefront is described as benefiting from a high traffic count, and the central location is noted as supporting leasing for the residential units.
According to the current rental/lease income provided, the storefront unit is leased at $750 per month, with residential units at $750, $1,000, $1,000, and the garage at $400 per month. The seller also notes the building may be purchased individually or as part of a package deal with up to 19 total units; contact the listing agent for additional details and to schedule a walkthrough.
Located at 835 Washington Street in Reading, PA 19601, the storefront is described as benefiting from a high traffic count, and the central location is noted as supporting leasing for the residential units.
According to the current rental/lease income provided, the storefront unit is leased at $750 per month, with residential units at $750, $1,000, $1,000, and the garage at $400 per month. The seller also notes the building may be purchased individually or as part of a package deal with up to 19 total units; contact the listing agent for additional details and to schedule a walkthrough.
Key Highlights
- 5‑unit building with a street‑level storefront, four residential units, and a multi‑floor garage
- Current monthly rental/lease income per unit: $750, $750, $1,000, $1,000, $400 (garage/storefront included as listed)
- Street parking available; on‑street parking noted
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.9k | $15.12 |
| − Vacancy | −$2.6k | −$0.64 |
| EGI | $58.4k | $14.48 |
| − OpEx | −$17.5k | −$4.35 |
| NOI | $40.9k | $10.14 |
4,029 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$583.6K
$510.7K – $680.9K
NOI $40,852 @ 7.0% cap · market cap 8.25%
Second Best
Multifamily LT 5
$567.4K
$496.5K – $662.0K
NOI $39,720 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$661.4K
$578.7K – $771.6K
NOI $46,298 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Divla Barbershop
Barber Shop
Cambria Barber Shop
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Five-unit property includes a street storefront, four residential units, and a multi-floor garage.
Where is this quadplex located?
The property is located at 835 Washington Street Reading, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5‑unit building with a street‑level storefront, four residential units, and a multi‑floor garage; Current monthly rental/lease income per unit: $750, $750, $1,000, $1,000, $400 (garage/storefront included as listed); Street parking available; on‑street parking noted
