238 S 5th St

$879,900
Price
Beds
Baths
6,206 Sq. Ft.
$142 / Sq. Ft.
6,206
Sq. Ft.
$142
per Sq. Ft.

Description

Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units — a front building with seven units and a rear building with two units. Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen...Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units — a front building with seven units and a rear building with two units. Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify). With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand. Whether you’re looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability. Bring an offer! Motivated seller—room to negotiate with a fair and reasonable offer.

Property Details for 238 South 5th Street

Tax ID Number
04-5306-35-78-6684
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Victorian
Waterfront
No
Garage
No
Expected On Market Date
03-25-2025
Municipality
READING CITY
LISTING UPDATED: 11/26/2025 12:21 PM

Property Details for 238 South 5th Street

StatusActive
MLS #PABK2054900
Days on Market273
Taxes$10,497 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.14 AC / 6,098 SF
CountyBerks County

Location

Listing Courtesy of Pagoda Realty
Add your commute

Building Information for 238 South 5th Street

Stories-Residences4Year Built1900Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$5,223 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,348

Property Taxes

$875

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 238 South 5th 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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $232,900
  • Year Assessed: 2025
  • County Tax: $2,099
  • Improvement Assessed Value: $171,100
  • City Town Tax: $4,222
  • Land Assessed Value: $61,800
  • Clean Green Assessed: No
  • Land Use Code: 4200
  • Zoning: MULTI
  • Tax Lot: 6684
  • School Tax: $4,176
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Insurance, Sewer, Trash Collection, Taxes - Real Estate, Water
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 5
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9
  • Units Leased Count: 9
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Features: Front Building
Unit 2
  • Type: Unit 2
  • Unit Type Features: Front Building
Unit 3
  • Type: Unit 3
  • Unit Type Features: Front Building
Unit 4
  • Type: Unit 4
  • Unit Type Features: Front Building
Unit 5
  • Type: Unit 5
  • Unit Type Features: Front Building
Unit 6
  • Type: Unit 6
  • Unit Type Features: Front Building
Unit 7
  • Type: Unit 7
  • Unit Type Features: Front Building
Unit 8
  • Type: Unit 8
  • Unit Type Features: Rear Building
Unit 9
  • Type: Unit 9
  • Unit Type Features: Rear Building
Financial Information
Expenses
  • Operating Expense Includes: Trash
Financial Information
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 6,206.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Other
  • Location Type: Downtown
  • Parcel ID: 1442878
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Stove, Washer
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Play Area
  • Outdoor Living Structures: Porch(es)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Other
  • Heating Fuel: Other
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Other
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 238 South 5th Street

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Listed (Active)

BRIGHT #PABK2054900

Nov 5, 2025

Temp Off Market

BRIGHT #PABK2054900

Nov 3, 2025

Listed (Active)

GLVRMLS #767495

$879,900
Oct 9, 2025

Price Change

BRIGHT #PABK2054900

$879,900
Oct 7, 2025

Price Change

BRIGHT #PABK2054900

$889,900
Aug 21, 2025

Price Change

BRIGHT #PABK2054900

$899,900
Jun 25, 2025

Price Change

BRIGHT #PABK2054900

$919,900
May 31, 2025

Listed (Active)

BRIGHT #PABK2054900

May 30, 2025

Expired

BRIGHT #PABK2054900

May 14, 2025

Price Change

BRIGHT #PABK2054900

$949,900
Mar 25, 2025

Listed (Active)

BRIGHT #PABK2054900

$959,900
May 17, 2023

Closed (Public Record)

Public Record #1511326416

$615,000

+12.6% / yr

May 18, 2018

Closed (Public Record)

Public Record #622851629

$340,000

+9.0% / yr

Dec 25, 2017

Expired

BRIGHT #1004175943

$520,000
Nov 5, 2017

Expired

BRIGHT #1000259357

$500,000
Oct 20, 2017

Listed (Active)

BRIGHT #1004175943

$520,000
Aug 23, 2017

Listed (Active)

BRIGHT #1000259357

$500,000
Jun 7, 2007

Closed (Public Record)

Public Record #244167278

$132,049
May 30, 2007

Closed (Public Record)

Public Record #279542355

$132,049
DateEvent & SourcePrice
11/05/2025

Listed (Active)

BRIGHT #PABK2054900

11/05/2025

Temp Off Market

BRIGHT #PABK2054900

11/03/2025

Listed (Active)

GLVRMLS #767495

$879,900
10/09/2025

Price Change

BRIGHT #PABK2054900

$879,900
10/07/2025

Price Change

BRIGHT #PABK2054900

$889,900
08/21/2025

Price Change

BRIGHT #PABK2054900

$899,900
06/25/2025

Price Change

BRIGHT #PABK2054900

$919,900
05/31/2025

Listed (Active)

BRIGHT #PABK2054900

05/30/2025

Expired

BRIGHT #PABK2054900

05/14/2025

Price Change

BRIGHT #PABK2054900

$949,900
03/25/2025

Listed (Active)

BRIGHT #PABK2054900

$959,900
05/17/2023

Closed (Public Record)

Public Record #1511326416

$615,000

+12.6% / yr

05/18/2018

Closed (Public Record)

Public Record #622851629

$340,000

+9.0% / yr

12/25/2017

Expired

BRIGHT #1004175943

$520,000
11/05/2017

Expired

BRIGHT #1000259357

$500,000
10/20/2017

Listed (Active)

BRIGHT #1004175943

$520,000
08/23/2017

Listed (Active)

BRIGHT #1000259357

$500,000
06/07/2007

Closed (Public Record)

Public Record #244167278

$132,049
05/30/2007

Closed (Public Record)

Public Record #279542355

$132,049

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

Public Records for 238 South 5th Street

Taxable ValueLand$61,800Additions$171,100Total$232,900
Tax Record2025$6,321 ($527 / month)
Home Facts
Total Finished SqFt6,206 SqFtAbove Grade Finished SqFt6,206 SqFtLot Size6,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyBERKSAPN04530635786684

Schools near 238 South 5th Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
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.

Similar Homes

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238 South 5th Street is a multi-family home for sale in Reading, PA 19602. This property was listed for sale on March 25, 2025 by Pagoda Realty, it's currently listed at $879,900. It has been on the market for a total of 273 days and was last sold on May 17, 2023. This listing's school district is Reading School District. Nearby schools include Tyson-Schoener El School, SOUTHWEST MS and Reading Senior High School. 238 South 5th Street is a 0-bed, 0-bath, 6,206 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 Pagoda Realty

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.