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9 Unit Building - 238 S 5th St Reading PA 238 S 5th St 9 Unit Apartment Building $1,156,263 CAD ($128,474 CAD/Unit) Reading, PA 19602



Executive Summary
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.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$147,322
|
$20.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,322
|
$20.20
|
| Taxes |
$14,279
|
$1.96
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,279
|
$1.96
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $147,322 |
| Annual Per SF | $20.20 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $147,322 |
| Annual Per SF | $20.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,279 |
| Annual Per SF | $1.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $14,279 |
| Annual Per SF | $1.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,156,263 CAD | Building Class | C |
| Price Per Unit | $128,474 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 7,293 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1980/2023 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $1,156,263 CAD |
| Price Per Unit | $128,474 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,293 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1980/2023 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Wi-Fi
- Yard
- Basement
- Dining Room
- Family Room
- Handrails
- Lawn
- Pantry
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Individual Locking Bedrooms
- Smoke Detector
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Numbers | Total Assessment | $437,204 CAD (2025) | |
| Land Assessment | $141,880 CAD (2025) | Annual Taxes | $14,279 CAD ($1.96 CAD/SF) |
| Improvements Assessment | $295,323 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$141,880 CAD (2025)
Improvements Assessment
$295,323 CAD (2025)
Total Assessment
$437,204 CAD (2025)
Annual Taxes
$14,279 CAD ($1.96 CAD/SF)
Tax Year
2024
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9 Unit Building - 238 S 5th St Reading PA | 238 S 5th St
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