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Parisha Smith

parisha@homesbysmithandco.com +1(215) 834-3030

Listed by Jose Vazquez • Light House Realtors, LLC

$299,900

Est. payment - /mo

2,134 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,134 sqft

Price per Sqft $140

MLS Listing ID PABK2071194

Style Traditional

Abv Grd Liv Area 2,134

Year Built 1900

Annual Tax Amount $1,232

Tax Year 2025

Lot Size 1,306 Sqft

Acres 0.03

Lot Dimensions 0.00 x 0.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Savvy investors and house hackers — this is the one you've been waiting for. This fully vacant 4-unit at 316 S 8th Street is a blank canvas sitting in one of Pennsylvania's most renter-hungry markets, where 60% of households rent and studios are commanding $1,000–$1,100/mo with 2-bedrooms pushing $1,600–$1,700+ in today's market. Do the math: a light cosmetic refresh — fresh floors, clean walls — and you're looking at a potential gross monthly rent roll of $4,200–$4,500+. Here's where it gets even better — every unit has its own separate electric heat and each tenant pays their own utilities, meaning your operating expenses stay lean and your net income stays fat. No utility bills eating into your returns. A true investor's dream structure. Maximum flexibility too: rent all four and stack income, or move into the 2-bedroom, let your three tenants cover your mortgage AND put cash in your pocket every single month — live for free while building real wealth. The vacancy isn't a problem — it's your power. Every unit is yours to price at peak market rates from day one, no inherited leases, no inherited headaches, just pure upside. In a city where rents have risen nearly 2% year-over-year and demand never sleeps, hesitation is the only mistake you can make. First mover wins here — schedule your showing now before the next investor does.

Location

State PA

County Berks

Area Reading City (10201)

Zoning RESIDENTIAL

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric

Exterior

Utilities Available Electric Available

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 2134

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 02-5306-36-98-4308

Ownership Fee Simple

SqFt Source 2134

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Parisha Smith

+1(215) 834-3030

Agent | License ID: 2075169

Agent License ID: 2075169

316 S 8TH ST Reading, PA 19602

Parisha Smith

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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