17-19 S 3rd St

Reading, PA 19602

$950,000
Price
—
Beds
—
Baths
5,288 Sq. Ft.
$180 / Sq. Ft.
5,288
Sq. Ft.
$180
per Sq. Ft.
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a bedroom with bed and wooden floor
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a bedroom with furniture and a flat screen tv
a bedroom with furniture and a window
a living room with furniture and a fireplace
a bathroom with a toilet and a shower
a bathroom with a bathtub and a shower
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a living room with furniture and a wooden floor
a living room with furniture and a fireplace
a kitchen with stainless steel appliances granite countertop a sink and a refrigerator
a kitchen with a sink cabinets and window
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a bedroom with a bed and dresser
a bedroom with a bed and wooden floor
a bed room with a bed and a chair
a living room with furniture and a window
a bedroom with a bed and a closet
a picture of living room with furniture and wooden floor
a bathroom with a sink a toilet and shower
a bathroom with a sink and a toilet
a bathroom with a sink toilet and a shower
a living room with furniture and a window
a living room with furniture a rug and a chandelier

Description

THIS IS A PACKAGE DEAL PRICED AT $3,225,000 AND INCLUDES 831 NORTH 10TH STREET, 17 & 19 SOUTH 3RD STREET, AND 1259 NORTH 10TH STREET
Presenting the opportunity to acquire the fee simple interest in the Downtown Reading Portfolio. The Portfolio consists of three well-located assets totaling 31 residential units and one commercial space in the heart of Reading, Pennsylvania. Situated within minutes of one another, the properties provide operational efficiency, stable cash flow, and clear upside through...THIS IS A PACKAGE DEAL PRICED AT $3,225,000 AND INCLUDES 831 NORTH 10TH STREET, 17 & 19 SOUTH 3RD STREET, AND 1259 NORTH 10TH STREET

Presenting the opportunity to acquire the fee simple interest in the Downtown Reading Portfolio. The Portfolio consists of three well-located assets totaling 31 residential units and one commercial space in the heart of Reading, Pennsylvania. Situated within minutes of one another, the properties provide operational efficiency, stable cash flow, and clear upside through rent growth and light renovations. The Downtown Reading Portfolio serves a deep and diverse tenant base within a submarket that continues to see steady occupancy levels of 95% or above and limited new supply, creating high barriers to entry. The Downtown Reading Portfolio serves a deep and diverse tenant base within a submarket that continues to see steady occupancy levels of 95% or above and limited new supply, creating high barriers to entry • Located just off Penn Street, 17 and 19 South 3rd Street consist of two adjacent three-story brick buildings totaling 10 apartment units. Built around 1900 and well-maintained over the years, both properties feature stone and mortar foundations, wood joist framing, and flat rubber roofs replaced within the past five years. Tenants are responsible for heat, electricity, and gas for cooking, with water and hot water included in a flat monthly fee, minimizing ownership expenses and streamlining operations. Tenants are responsible for heat, electricity, and gas for cooking, with water and hot water included in a flat monthly fee, minimizing ownership expenses and streamlining operations • A few minutes north, 1259 North 10th Street is a mixed-use, three-story brick building totaling over 14,000 square feet and featuring 9 residential units and 1 ground-floor commercial space. Constructed in 1910, the property is equipped with electric baseboard heat, in-unit hot water heaters, and copper wiring. The roof, replaced within the last five to seven years, and a durable brick exterior contribute to the property’s longevity. The flexible layout and neighborhood location provide options for improved utilization of the commercial component and continued residential stability. The flexible layout and neighborhood location provide options for improved utilization of the commercial component and continued residential stability • Nearby, 831 North 10th Street encompasses 12 apartment units across three stories and 19,000± square feet. Built in 1890, the building retains its classic stone veneer and stucco façade while operating with a central steam boiler and gas-fired hot water system. Tenants pay for electricity and gas cooking, with ownership covering central heat, a setup that has helped sustain strong year-round occupancy. The large unit sizes and character details give the property a unique competitive edge in the local rental market. Together, these properties form a strong value-add portfolio with tangible upside potential for a new buyer. Current in-place rents, averaging between $990 and $1,200 per month, sit roughly 15% below comparable market levels, allowing for meaningful income growth through light renovations and more hands-on management. Their proximity supports shared maintenance, staffing, and operational efficiencies while maintaining flexibility across multiple tenant segments. In a market with strong occupancy fundamentals and limited new construction, the Downtown Reading Portfolio stands out as a well-balanced investment opportunity. With stable in-place income, clear rent growth potential, and properties positioned in resilient, workforce-driven neighborhoods, this Portfolio offers investors a compelling blend of stability and scalability within Berks County’s core rental corridor.
  1. Listed by Alex C Prince • TCS Management, LLC
    P: (215)-431-5652 alex@tcsmgt.com

Property Details for 17-19 South 3rd Street

Tax ID Number
05-5306-26-69-8927
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Municipality
READING CITY
Total Parking Spaces
0
LISTING UPDATED: 04/08/2026 04:53 PM

Property Details for 17-19 South 3rd Street

StatusActive
MLS #PABK2069500
Days on Market58
Taxes$1,411 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.04 AC / 1,742 SF
CountyBerks County
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Location

Listing Courtesy of TCS Management, LLC
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Building Information for 17-19 South 3rd Street

Stories-Residences4Year Built1900Building Size-Lot Size0.04 AC / 1,742 SF

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$4,901 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,784

Property Taxes

$118

HOA Dues

$0

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Property Information for 17-19 South 3rd Street

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Reading City (10201)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2018
  • Tax Assessed Value: $32,600
  • County Tax: $250
  • Improvement Assessed Value: $22,600
  • City Town Tax: $577
  • Land Assessed Value: $10,000
  • Clean Green Assessed: No
  • Historic: No
  • Zoning: 4200 APT: LOW RISE, 5-10
  • Tax Lot: 8927
  • School Tax: $585
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 7
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
Financial Information
Expenses
  • Trash Expense: $550
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 5,288.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: None chosen (Non-REALTOR/Stockholder)

Property History for 17-19 South 3rd Street

DateEvent & SourcePriceAppreciation
Mar 17, 2026

Listed (Active)

BRIGHT #PABK2069500

$950,000—
Sep 7, 2011

Closed

BRIGHT #1004457472

$174,900—
Aug 10, 2011

Pending

BRIGHT #1004457472

—
DateEvent & SourcePrice
03/17/2026

Listed (Active)

BRIGHT #PABK2069500

$950,000
09/07/2011

Closed

BRIGHT #1004457472

$174,900
08/10/2011

Pending

BRIGHT #1004457472

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 17-19 South 3rd Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Tyson-Schoener El School
Public - PK to 4
SOUTHWEST MS
Public - 5 to 8
Reading Senior High School
Public - 9 to 12
Southwest Middle School
Public - 6 to 7
Rating
School
Distance
Tyson-Schoener El School
PublicPK to 4

SOUTHWEST MS
Public5 to 8

Reading Senior High School
Public9 to 12

Southwest Middle School
Public6 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 17-19 South 3rd Street, Reading, PA 19602

17-19 South 3rd Street is a multi-family home for sale in Reading, PA 19602. This property was listed for sale on March 17, 2026 by TCS Management, LLC, it's currently listed at $950,000. It has been on the market for a total of 58 days and was last sold on September 7, 2011. This listing's school district is Reading School District. Nearby schools include Tyson-Schoener El School, SOUTHWEST MS and Reading Senior High School. 17-19 South 3rd Street is a 0-bed, 0-bath, 5,288 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TCS Management, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.