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About the Listing EXPREALP - 3134403
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 Highlights for 731 Washington St
Status
Active
Days on Site
29
Property Type
Commercial Sale
MLS ®
PABK2063726
Year Built
1915
Total Square Footage
3,800
Lot/Acreage
0.05
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Ceiling Fan(s),Central A/C,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor: Wood,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 0.00 x 0.00
- Zoning: MIX C
- Roof: Pitched
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,375
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
731 Washington St Reading, PA 19601
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