731 WASHINGTON STREET

READING , PA 19601

MLS#: PABK2063726

$500,000

Status: Active
Listing number: PABK2063726
Listing provided by: EXP Realty, LLC
Listing agent phone: None
Last update: a month ago
On site: a month ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1915

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Window Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stone

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Size(acres)

    0.05

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $500,000

  • Tax Amount

    2375.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    2887

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

BERKS

Elementary School

Middle School

High School

Listing Courtesy of Taj S Simmons , EXP Realty, LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent ChristyIssler

Broker | Owner

ChristyIssler

Call Christy today to schedule a private showing.

(235) 551-212

christy@charisrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

731 WASHINGTON STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Prime Office Space Available at Spring Ridge Corporate Campus! Looking for a prime office location to elevate your business? The Spring Ridge Corporate Campus in Berks County is the perfect place to consider. Offering Suite 201 (4,809 SF featuring 18 rooms, plus foyer and private bath), a spacious and modern office unit located on the 2nd level and elevator access of the 1350 Broadcasting Road building, this unit is available for sale and/or lease ($12/SF NNN). Ready for immediate occupancy! Conveniently located near major roadways (PA 222, 422, 724, 183, 61) and surrounded by shopping centers and residential areas, this location ensures easy access for clients, employees, and owners alike. Ideal set up for offices within the healthcare field with several rooms offering sinks/plumbing. Don't miss the opportunity to secure this prime office space. Request more information or schedule a tour today!
#PABK2051886

READING

1350 BROADCASTING ROAD D SUITE 201

None Beds

None Baths

31,751 Sq.Ft.

$586,700

MLS#: PABK2051886

Property is located in the newly created Revitilzation and Improvment Zone (CRIZ) of Reading. Contact listing agent for more information. Property is very Well maintained just waiting to be occupied by you and your business. Or occupy a few suites and lease the remaining. Completely renovated the property boasts bright office suites, conference rooms, luncheon area with an outside patio, and an elevator to reach the upper levels. Perfect location for a law firm, real estate firm, title company, accounting firm for a few ideas. Many of the office suites can be reconfigured to span an entire floor for your business. Again, if you don't need all the space ..lease what isn't needed to other businesses. Just off the main street this is the Perfect location to be within walking distance of the court house, parking garages, stores, etc. The displayed Directory will be seen by clients once they enter the gracious, inviting Lobby. To move further into the building those clients will use the Virtual Receptionist. Most Suites are beautifully apponted with fireplaces (non-working), built-in bookcases, shelving, carpeting and window blinds. Draperies and beautiful office furniture are included if needed. Property consists of 3 parcels- 538, 540 & 542 Court St. Schedule your viewing today!
#PABK2049438

READING

540 COURT STREET

None Beds

None Baths

11,000 Sq.Ft.

$445,000

MLS#: PABK2049438

Prime self-storage investment opportunity at 333 Lombard Street in Reading, PA, consisting of 34 total units, including thirty-three 9x17 units and one larger 18x17 unit. This centrally located site in Reading offers convenient access, a strong rental history, and recent capital improvements including freshly paved surfaces and roll-up doors. Electric utilities support the site’s minimal operating needs, and tenants benefit from ease of access and standardized unit sizing. The property currently generates $39,026 in income with a net operating income (NOI) of $30,767.05, reflecting a 7% CAP rate. Pro forma projections show potential income of $50,000 and NOI of $41,156, delivering a 9.4% CAP rate with improved occupancy and rental optimization. With low maintenance costs and a proven rental track record, this asset is well-positioned for continued growth and stable returns. This property is part of a larger portfolio totaling over 500 self-storage units across the Reading area, providing scalable investment potential. Additional properties in the portfolio include: 826 Hampden – 17 units 824 Ritter – 13 units 511 Birch – 10 units 340 Locust – 18 units 333 Lombard – 34 units 1536 Haak – 36 units 625 N. 13th – 22 units 1128 Pike – 34 units 1200 N 9th Street – 66 units 306 N 13th Street – 1 unit 1541 Fairview – 8 units 635-R Weiser – 1 unit 521 S 16th Street – 10 units 328 Chestnut – 8 units 1214 Weimer – 10 units 741 Church – 12 units 330 Robeson - 1015 Rose – 96 units 364 Blair – 86 units
#PABK2060536

READING

333 LOMBARD STREET

None Beds

None Baths

3,800 Sq.Ft.

$440,000

MLS#: PABK2060536

5-Unit Investment Opportunity. This property offers 3 one-bedroom units and 2 two-bedroom units with stable income in place. Easy-to-manage setup with separated utilities makes ownership straightforward. A true value-add opportunity with room to increase rents and enhance returns while benefiting from steady existing cash flow.
#PABK2063554

READING

822 N 5TH STREET

None Beds

None Baths

3,484 Sq.Ft.

$430,000

MLS#: PABK2063554

Don’t miss this rare opportunity to own a legacy auto repair center that has served the community for four generations. Perfectly positioned at a high-visibility intersection just before the Bingamin Street Bridge, this location offers unmatched exposure and consistent drive-by traffic—ideal for a thriving automotive business. This well-maintained facility features two service bays, each equipped with brand new automatic garage doors and a hydraulic lift. The sale includes all existing tools, equipment, and materials, allowing for a seamless transition or turnkey investment. Inside, the garage includes a climate-controlled office and customer seating area, along with two public restrooms. Outside, you'll find parking for 12+ vehicles, with 8 spaces currently rented at $75/month—providing built-in supplemental income. Whether you're expanding an automotive business or investing in a proven location, this property offers a strong foundation with excellent growth potential.
#PABK2058476

READING

349 S 4TH STREET

None Beds

None Baths

6,534 Sq.Ft.

$450,000

MLS#: PABK2058476

Welcome to Kenhorst Village Professional Center!! This is an Office Condominium that measures in at 1,382 SQFT, and it is conveniently located in a great location with a lot of public traffic. This commercial property is actually 2 separate units that were combined into 1 larger office space. When you walk in, you will notice the reception area along with the reception office with a lot of space for all files you may need. On the other side of the hallway, you will see the main office for the doctor. The property currently has 3 exam rooms and one sink in each exam room. There are also two bathrooms and a small kitchen area. There is plenty of storage space on the property. This property is currently used as a Urology office, and it is perfect for any type of doctor, dentist, chiropractor, any doctor who prioritizes flexible, comprehensive, and personal care. This commercial property could also be turned into a lawyer, real estate office, tax specialist, or any other professional office you can think of! This is a convenient, attractive space with plenty of parking in the heart of Reading, PA. There is natural gas heat and electric central air conditioning, water and sewer bills are included in the monthly condo fee of $333.34. This property can be sold or leased. Bring any questions you may have to the listing agent so he may assist you with anything you may need, and make sure to take a look at the live video tour!!
#PABK2064052

READING

1829 NEW HOLLAND ROAD

None Beds

None Baths

1,382 Sq.Ft.

$400,000

MLS#: PABK2064052

Welcome to Joe's Place in Muhlenberg! Located at 5 Spring Valley Rd this long serving restaurant bar is opening its doors to a new owner! Currently in operation, Joe's Place features a large open concept layout with a centralized bar creating the perfect atmosphere for a local sports bar and dine-in restaurant! The restaurant offers a private kitchen with an 8 sprinkler commercial-grade hood, three fryers, a gas convection oven, six-burner flat top grill, six-burner stove. All serviced by a commercial dishwasher, three Bain Marie refrigerated topping stations, and a full set of appliances. Additionally, there is a large walk-in refrigerator that houses the beer taps with upto 16 lines available! The interior is designed to attract and accommodate guests with seating for 36 at the bar, 46 high-top seats, and a 60-seat dining area, complemented by fun entertainment options including, skill machines, pool table, claw machine, and dart board machine. The property also offers three bathrooms, a private office and a private parking for 35 to 40 vehicles. There is a complete building sprinkler system, 2 heating systems and central AC. With its large kitchen space, ample seating, and strong infrastructure, this is an eye-catching opportunity for an operator looking to take over a turnkey establishment with excellent growth potential. Business is currently in operation with an R liquor license with Sunday sales ( also available for sale). Have another business Real Estate need? This is a single detached, 4,000 Sq ft structure, centrally located in Berks county with plenty of parking that can serve many businesses alike! Set up a tour today.
#PABK2062190

READING

5 SPRING VALLEY ROAD

None Beds

None Baths

4,056 Sq.Ft.

$425,000

MLS#: PABK2062190

Prime value-add opportunity at 1128 Pike Street, Reading, PA. This property includes 34 self-storage units plus an income-producing commercial space, supported by electric, water, and sewer utilities. The layout is highly functional and maintains high occupancy with long-term tenants, ensuring stability and consistent performance. Current income is $63,791 with a net operating income (NOI) of $52,343.89, yielding a strong 9.3% CAP rate. Pro forma projections show the potential to increase income to $71,520 and NOI to $60,712, boosting the CAP rate to 10.1% through improved lease rates and operational optimization. This asset is part of a larger portfolio of over 500 storage units currently available in Reading, offering flexibility and scalability for investors focused on storage performance and market consolidation. Additional properties in the portfolio include: 826 Hampden – 17 units 824 Ritter – 13 units 511 Birch – 10 units 340 Locust – 18 units 333 Lombard – 34 units 1536 Haak – 36 units 625 N. 13th – 22 units 1128 Pike – 34 units 1200 N 9th Street – 66 units 306 N 13th Street – 1 unit 1541 Fairview – 8 units 635-R Weiser – 1 unit 521 S 16th Street – 10 units 328 Chestnut – 8 units 1214 Weimer – 10 units 741 Church – 12 units 330 Robeson - 1015 Rose – 96 units 364 Blair – 86 units
#PABK2060542

READING

1128 PIKE STREET

None Beds

None Baths

8,000 Sq.Ft.

$560,000

MLS#: PABK2060542

Beautiful 3-story Brick Building along Lancaster Ave. in Shillington 1st floor offers a Receptions area, Waiting Room, Offices and half Bath; 2nd Floor has 3 private Offices, a full Bath & Kitchen; plus 3rd Floor Efficiency Apartment. Other features include Hardwood Floors, Central Air on 1st & 2nd Floors & a 2 car detached Garage. (One, or both tenants may be interested in remaining as tenant. Leases provide that tenancy may be terminated upon notice to tenants).
#PABK2063074

READING

325 E LANCASTER AVENUE

None Beds

None Baths

2,958 Sq.Ft.

$485,000

MLS#: PABK2063074

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here