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Property profile & analytics
OFF-MARKET
Commercial real estate

306 5Th St Reading, PA 19602

4,760 SF Built 1900
Entity Owned 1-yr Hold
Property ID
US73-2505639
Property summary
AI-generated overview

This exceptional 6-unit apartment building, located at 306 S 5th St in Reading, Pennsylvania (zip code 19602), presents a compelling investment opportunity. Built in 1900, the property boasts a total of 4,760 square feet and offers a strong net operating income (NOI) of $54,589. The property's central location in Reading ensures high occupancy rates and ease of tenant acquisition. This makes it an ideal investment for those seeking a stable and profitable multifamily asset. The asking price is $525,000. This property is available for purchase individually, or as part of a larger package deal encompassing either 11 or 20 units. Detailed financial statements and further information are available upon request. This is a rare opportunity to acquire a well-performing multifamily property in a desirable location. The property's strong cash flow and central location make it an attractive investment for both seasoned and new investors. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Total area 4,760 SF
UPID US73-2505639
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mlj Property Holdings LLC · 1 yrs held
Mlj Property Holdings LLC
since 2025
5 recorded transactions
2025
Price N/A
2025
$500,000
2022
$470,000
2021
$250,000
2017
$155,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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