*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unit historic building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of which having their own private bathrooms and 4 thriving commercial spaces. The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building's diverse tenant mix. Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot. With zoning approval, this versatile space could be transformed into additional storage, parking, or even expanded living quarters, offering further potential to increase value. This profitable property offers stable income with significant upside for the savvy investor. Additional financials are available upon request, and all offers are welcome. Don't miss your chance to own a piece of history with endless possibilities. Schedule your showing today!
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1890
Living Area: 8,000 SqFt
Listing Office:
Office Name: Pagoda Realty
Office Phone: (610) 985-7700
Listing Agent: Jimmy Thelusca
Interior Features
Interior Information:
Flooring Type: Laminated, Vinyl
Exterior Features
Parking Information:
Parking: Private, Parking Lot
Lot Features
Lot Information:
Lot Size: 0.41 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: Window Unit(s)
Other
Directions Information:
Directions: Penn Ave west to Wernersville, property on right
Municipality:
Wernersville Boro
Price Information
Listing Price Info
Price Summary:
List Price: $2,850,000
Price Per SqFt: $356/SqFt
Tax Information:
Annual Amount: $11,378
Tax Year: 2021
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 Wernersville, PA.
This property is $2.5M more than the Median Sold Price and $187/SqFt more than other homes in Wernersville, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PABK2046952
Listing Office:
Office Name: Pagoda Realty
Office Phone: (610) 985-7700
Listing Agent: Jimmy Thelusca
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Conrad Weiser East Elementary School
200 Lincoln Dr
Distance between this listing and this school0.39 miles
Public District Grades KG-4
3
/10
Green Valley Elementary
270 Green Valley Rd
Distance between this listing and this school1.94 miles
Public District Grades KG-5
5
/10
Cornwall Terrace Elementary
3100 Iroquois Ave
Distance between this listing and this school3.69 miles
Public District Grades KG-5
Nearby Schools
4
/10
Wilson West Middle School
450 Faust Road
Distance between this listing and this school1.73 miles
Public District Grades 6-8
6
/10
Conrad Weiser Middle School
347 E Penn Ave
Distance between this listing and this school2.73 miles
Public District Grades 5-8
4
/10
Wilson Southern Middle School
3100 Iroquois Ave
Distance between this listing and this school3.69 miles
Public District Grades 6-8
Nearby Schools
7
/10
Conrad Weiser High School
44 Big Spring Rd
Distance between this listing and this school2.45 miles
Public District Grades 9-12
7
/10
Wilson High School
2601 Grandview Blvd
Distance between this listing and this school4.15 miles
Public District Grades 9-12
5
/10
Wyomissing Area Jr. / Sr. High School
630 Evans Ave
Distance between this listing and this school5.71 miles
The neighbors living near this home have an average income of $57,143. The most common annual income of people living in Wernersville, PA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5 E Penn Ave
What is the listing price of this property?
The listing price of 5 E Penn Ave property is $2,850,000.
What type of property is this?
The property 5 E Penn Ave is a house located in Wernersville, Pennsylvania, 19565.
Is this property for sale now?
Active Listing: 5 E Penn Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,378 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 7, 2021 for $950,000. (source: MLS/tax record).
What is the square footage of this property?
The property 5 E Penn Ave is 8,000 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5 E Penn Ave is 1890.
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This home is located at 5 E Penn Ave in Wernersville, PA and zip code 19565. This 8,000 square foot home, which was built in 1890, sits on a 0.41 acre lot. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $2,850,000.
Over 3 listings were sold over their listed price in October 2024 in Wernersville, PA. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Wernersville, PA decreased by 5.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 40 days, the median list price was $290,000.
From Rocket Homes Real Estate and based on county public records data.
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. 
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