731 Washington St, Reading, PA 19601

Reading
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
731 Washington St,Reading, PA 19601
$475,000
  • 5 Beds
  • - Baths
  • 3,800 sq. ft.
  • Multi-family
  • Active
Listed by: taj s simmons
Office: exp realty, llc.
MLS#:PABK2063730
Source:BRIGHTMLS

Price summary

  • Price:$475,000
  • Price per sq. ft.:$125

About this home

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

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Home facts

  • Year built:1915
  • Listing ID #:PABK2063730
  • Added:146 day(s) ago
  • Updated:February 25, 2026 at 02:44 PM

Rooms and interior

  • Bedrooms:5
  • Flooring:Fully Carpeted, Tile/Brick, Wood
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:3,800 sq. ft.

Heating and cooling

  • Cooling:Central A/C, Wall Unit
  • Heating:Forced Air, Hot Water, Natural Gas

Structure and exterior

  • Year built:1915
  • Building area:3,800 sq. ft.
  • Lot area:0.05 Acres
  • Construction Materials:Stone
  • Exterior Features:Sidewalks, Street Lights

Schools

  • High school:READING SENIOR

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$125
  • Tax amount:$2,375 (2025)

Features and amenities

  • Amenities:200+ Amp Service

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