x
Showing 1 of 0
X
Save

731 WASHINGTON Street
READING PA 19601 US

$500,000

Active Listing ID PABK2063730
lot icon
Lot: 0.05 Acres
home icon
Other

$500,000

Active Listing ID PABK2063730
Save

731 WASHINGTON Street Exceptional investment opportunity in the heart of Reading. This mixed-use property combines 729 and 731 Washington Street, which have been annexed and are now considered one building. Fully renovated in 2016, the property offers two commercial units and two residential apartments, providing both stability and upside potential for investors or owner-operators. The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a cafe with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024-2025. This property generates consistent rental income and, at the asking price of $500, 000, reflects an attractive 8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.

Collapse all

Property Features

  • Facts
  • Lot Size: 0.05 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall Unit(s), Central Air
  • Heating Fuels: Hot Water(Heating), Forced Air

School Information

  • School
  • READING SENIOR(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 500000
  • unparsedaddress: 731 WASHINGTON Street
  • postalcity: READING
  • stateorprovince: PA
  • country: US
  • postalcode: 19601
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.05
  • lotsizeunits: Acres
  • lotsizearea: 0.05
  • livingarea: 3800
  • livingareaunits: Square Feet
  • latitude: 40.33705
  • longitude: -75.92265
  • listagentfullname: Taj S Simmons
  • listagentemail: taj.simmons@exprealty.com
  • listagentkey: 3yd-TRENDPA-3134403
  • listagentmlsid: 3134403
  • listagentpreferredphone: 4847943080
  • listagentofficephone: 8883977352
  • listofficekey: 3yd-TRENDPA-EXPREALP
  • listagentstatelicense: RS315174
  • listofficemlsid: EXPREALP
  • disclaimer: Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1915
  • listingcontractdate: 2025-10-03
  • listagenturl: http://pa.exprealty.com/
  • countyorparish: BERKS
  • highschool: READING SENIOR
  • elementaryschooldistrict: READING
  • middleorjuniorschooldistrict: READING
  • highschooldistrict: READING
  • cooling: Wall Unit(s), Central Air
  • constructionmaterials: Stone
  • heating: Hot Water(Heating), Forced Air
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: On Street
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.92265, 40.33705
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"taj.simmons@exprealty.com", "ListBrokerageCity":"Philadelphia", "ListBrokerageCountry":"US", "ListBrokerageEmail":"pa.broker@exprealty.net", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/TRENDPA/83fe4991cbbb11e3aeaf22000b248db5/20220307184430486.png", "ListBrokerageName":"eXp Realty", "ListBrokeragePhone":"(888) 397-7352", "ListBrokeragePostalCode":"19122", "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1848 N Hancock St C", "ListBrokerageWebsiteUrl":"http://pa.exprealty.com/", "ListOfficeAddress1":"630 Freedom Business Ctr Drive unit: 300 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"EXPREALP", "ListOfficeCity":"King of Prussia", "ListOfficeCountry":"USA", "ListOfficeEmail":"pa.broker@exprealty.com", "ListOfficePostalCode":"19406", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - READING, PA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/731-Washington-St_Reading_PA_19601_M97480-10719?f=listhub&s=TRENDPA&m=PABK2063730&c=rexren", "MLSModificationTimestamp":"2025-10-03 18:08:52", "Neighborhoods":[{"Description":null, "Name":"NONE AVAILABLE"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2375, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/3/2025 6:18:49 PM GMT
Source Updated Date: 12/7/2025 6:57:29 AM GMT

Courtesy of: Taj S Simmons, EXP Realty, LLC, taj.simmons@exprealty.com

Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.