731 Washington St

Reading, PA 19601

$475,000
Price
3
Beds
3
Baths
3,800 Sq. Ft.
$125 / Sq. Ft.
3,800
Sq. Ft.
$125
per Sq. Ft.
a view of a a dining room with furniture window and wooden floor
a view of a a dining room with furniture window and wooden floor
a view of a balcony dining table and chairs
a bathroom with a sink mirror and toilet
a dining hall with granite countertop wooden floor
a bathroom with a sink and a toilet
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a view of a balcony with chairs
a kitchen with cabinets a refrigerator and a sink
a view of empty room
an empty room with a window
a bathroom with a sink mirror and toilet
a kitchen with stainless steel appliances a stove and cabinets
a bathroom with a sink and a mirror
a view of an empty room
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of an empty room
a view of wooden floor and chandelier in a room

Description

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 café with utility...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 café 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.
  1. Listed by Taj S Simmons • EXP Realty, LLC
    P: (484)-794-3080 taj.simmons@exprealty.com

Property Details for 731 Washington Street

Tax ID Number
08-5307-84-90-2887
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Subdivision
NONE AVAILABLE
Subdivision
NONE AVAILABLE (BERKS PA)
LISTING UPDATED: 12/09/2025 11:22 PM

Property Details for 731 Washington Street

StatusActive
MLS #PABK2063730
Days on Market79
Taxes$2,375 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.05 AC / 2,178 SF
CountyBerks County

Location

Listing Courtesy of EXP Realty, LLC
Add your commute

Building Information for 731 Washington Street

Stories-Residences4Year Built1915Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$2,545 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,347

Property Taxes

$198

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 731 Washington Street

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • High School: READING SENIOR (BERKS PA)
  • 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: 2025
  • Tax Assessed Value: $52,700
  • Year Assessed: 2025
  • County Tax: $475
  • Improvement Assessed Value: $39,600
  • City Town Tax: $955
  • Land Assessed Value: $13,100
  • Clean Green Assessed: No
  • Land Use Code: 4113
  • Zoning: MIX R
  • Tax Lot: 2887
  • School Tax: $945
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
Multi Family
Unit 1
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 650
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 3
Unit 2
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 850
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 700
  • Beds Total: 0
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 4
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 700
  • Beds Total: 0
  • Half Baths Count: 1
  • Full Baths Count: 0
  • Unit Type Baths Total: 1
  • Total Rooms: 3
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,800.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1445534
Parking
Parking
  • Type Of Parking: On Street
  • Parking Features: Public
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 731 Washington Street

DateEvent & SourcePriceAppreciation
Dec 9, 2025

Price Change

BRIGHT #PABK2063730

$475,000—
Dec 9, 2025

Listed (Active)

BRIGHT #PABK2063730

—
Dec 4, 2025

Expired

BRIGHT #PABK2063730

—
Oct 3, 2025

Listed (Active)

BRIGHT #PABK2063730

$500,000—
May 12, 2016

Closed (Public Record)

Public Record #570801941

$79,500—
DateEvent & SourcePrice
12/09/2025

Price Change

BRIGHT #PABK2063730

$475,000
12/09/2025

Listed (Active)

BRIGHT #PABK2063730

—
12/04/2025

Expired

BRIGHT #PABK2063730

—
10/03/2025

Listed (Active)

BRIGHT #PABK2063730

$500,000
05/12/2016

Closed (Public Record)

Public Record #570801941

$79,500

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

Public Records for 731 Washington Street

Taxable ValueLand$13,100Additions$39,600Total$52,700
Tax Record2025$1,430 ($119 / month)
Home Facts
Total Finished SqFt2,280 SqFtAbove Grade Finished SqFt2,280 SqFtLot Size2,178 SqFtStyleStoresYear Built1915CountyBERKSAPN08530784902887

Schools near 731 Washington Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Tenth & Penn El School
Public - PK to 4
Southern Middle School
Public - 5 to 8
Reading Senior High School
Public - 9 to 12
Southwest Middle School
Public - 6 to 7
Rating
School
Distance
Tenth & Penn El School
PublicPK to 4

Southern Middle School
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 731 Washington Street, Reading, PA 19601

731 Washington Street is a multi-family home for sale in Reading, PA 19601. This property was listed for sale on October 3, 2025 by EXP Realty, LLC, it's currently listed at $475,000. It has been on the market for a total of 79 days and was last sold on May 12, 2016. This listing's school district is Reading School District. Nearby schools include Tenth & Penn El School, Southern Middle School and Reading Senior High School. 731 Washington Street is a 3-bed, 3-bath, 3,800 sqft multi-family home built in 1915.

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 EXP Realty, 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.