new - 1 day on rocket

244 S 5th St, Reading, PA, 19602

$200,000

Home List Price

$2,375*

Closing Credit

0 Baths
3,184 SqFt
$63/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

244 S 5th St, Reading$200,000

Buyer Closing Credits

$2,375*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1900
HeatingRadiant
CoolingNone
BasementYes
ViewCity
MLS #PABK2051966
Lot Size0.05 Acres
StatusActive
(ACTIVE)

About 244 S 5th St

Welcome to this exceptional investment opportunity in the heart of Reading! This versatile three-unit property is perfect for savvy investors looking to expand their portfolio with long term tenants. Located in a vibrant area of Reading, it is close to local amenities, public transportation, and community attractions, making it an attractive choice for tenants. Unit one is a three bedroom, one bath plus bonus access to laundry room and basement unit. Long term tenants on a month to month lease. Unit two is a one bed one bath ready to rent. Unit three is a one bed one bath unit with long term tenants on a month to month lease. The property features: Three Spacious Units: Two units are already occupied with long term tenants, providing a steady income stream. The third unit is vacant and ready to rent offering the chance to increase rental income or customize it to suit your needs. You can enjoy immediate rental income while exploring the potential of the vacant unit and enhancing the additional amenities of first floor rooms and exterior storage shed. Empty Storage Room/ Hall Half Bath: Take advantage of the on-site storage room- possible additional rental income. Buyer to verify with City of Reading if conversion to a storefront is possible. Convenient exterior room that has potential for storage, laundry room, ect. : Tenants in first floor unit have exclusive access to this room currently. Buyer to verify with City of Reading if conversion of room is possible. Ample Storage: A storage shed is available, providing extra space for tenants or owners to store belongings securely as well as a large basement footprint This property not only offers immediate income but also presents the opportunity to maximize its potential through strategic updates and management. Buyer to verify all uses of additional spaces currently unoccupied through the City of Reading to satisfy self. Don't miss out on this chance to own a multi-unit property with promising income potential. Schedule a viewing today and envision the possibilities!

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru, Split Foyer, Traditional
  • Year Built: 1900
  • Living Area: 3,184 SqFt

Listing Office:

  • Office Name: RE/MAX Ace Realty
  • Office Phone: (484) 712-0009
  • Listing Agent: Renzo Naimo

Interior Features

Interior Information:

  • Appliances: Stove, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Vinyl

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Fire Escape, Secure Storage, Sidewalks

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

Other

Directions Information:

  • Directions: Penn St to R on S 2nd st to L on Franklin st to R on s 5th St. Property on right before Spruce St.

Municipality:

  • Reading City

Price Information

Listing Price Info

Price Summary:

  • List Price: $200,000
  • Price Per SqFt: $63/SqFt

Tax Information:

  • Annual Amount: $1,687
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Reading, PA.

Map thumbnail provided by MapBox

Reading, PA

City

Med. Sold Price

$249.5K

Med. Price/SqFt

$150

Avg. Days On Market

20

# of Sold Homes

170

244 S 5th St vs Reading

1 DAY ON ROCKET

-19 Days

$200,000

-$49.5K Less

$63/SqFt

-$88 Less

KEY TAKEAWAY

This property is $49.5K less than the Median Sold Price and $88/SqFt less than other homes in Reading, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PABK2051966

Listing Office:

  • Office Name: RE/MAX Ace Realty
  • Office Phone: (484) 712-0009
  • Listing Agent: Renzo Naimo

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 04, 2010Home Sold
$49,150
Mar 24, 2009Home Sold
$50,000
Apr 11, 2005Home Sold
$57,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,687$38,600
2020$1,670$38,600
2019$1,670$38,600
2018$1,670$38,600
2017$1,659$38,600

History based on county public records data.

Payment Calculator

$1,066

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-783559
2
/10

  • Tyson-Schoener Elementary School

  • 315 S 5th St

  • 0.07 miles

  • Public District Grades PK-4

school-card-donut-783560
4
/10

  • Amanda E. Stout Elementary School

  • 321 S 10th St

  • 0.55 miles

  • Public District Grades PK-4

school-card-donut-783561
4
/10

  • 10th and Penn Elementary School

  • 955 Penn St

  • 0.61 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,813. The majority of Reading, PA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Berks County›Reading›19602›244 S 5th St

This home is located at 244 S 5th St in Reading, PA and zip code 19602 in the Callowhill Historic District neighborhood. This 3,184 square foot home, which was built in 1900, sits on a 0.05 acre lot. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $200,000.

In November 2024 more than 90 listings in Reading, PA were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 48 were sold below. The number of homes for sale in Reading, PA decreased by 10.3% between October 2024 and November 2024. In November 2024 median list price was $249,546 and the average listing age was 20 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources