1. Pennsylvania
2. Reading
3. 731 WASHINGTON ST

731 WASHINGTON ST, Reading, PA 19601

• 3,800 sqft

Property 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 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.

Listing Status:

Active

Listing Office:

EXP Realty, LLC : 8883977352

Listing Agent:

Taj S Simmons : 4847943080

MLS ID:

PABK2063730

Interior

• Basement: FullUnfinished
• Flooring: WoodFully carpetedTile brick
• A/C: Central A/CWall Unit
• Heating: Forced AirHot WaterNatural Gas
• Disability Feature: None

Exterior

• General: SidewalksStreet LightsAbove GradeBelow Grade
• Style: Other
• Parking: Public

Construction

• General: Stone

Location

• Originating MLS: BRIGHT_MAIN
• School District: READING
• County: BERKS-PA

Lot

• Zoning: MIX R08-5307-84-90-2887

Utilities

• Utilities: 200 amp service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Taj S Simmons, EXP Realty, LLC