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For sale
  • $479,900

    383 Schuylkill Ave, Reading, PA 19601

    5beds
    4baths
    5,100sqft
    : 
    Townhouse
    Built in 1995
    -- sqft lot
    $472,200 Zestimate®
    $94/sqft
    $-- HOA

    What's special

    Prominent commercial storefrontAbundance of natural lightExpansive first floorWell-appointed kitchenCorner building
    Prime Investment Opportunity: Mixed-Use Corner Building with Commercial & Residential Income Discover an exceptional investment opportunity with this meticulously maintained, four-unit corner building, boasting over 5,000 square feet of versatile space. Perfectly situated for maximum visibility and accessibility, this property offers a compelling blend of established commercial presence and fully rented residential income, making it an ideal acquisition for savvy investors. The expansive first floor features a prominent commercial storefront, previously operating as a successful daycare facility. This versatile space is ready for a new business venture, offering ample room for retail, office, or service-oriented enterprises. Adding significant value, the commercial unit also includes two dedicated offices conveniently located on the second floor, providing excellent administrative or private workspace solutions. Projected Rent: $2500 per month. The upper floors are thoughtfully designed to maximize residential appeal and income. The second floor unit (Unit #1) is a spacious living room/dining room combination, a well-appointed kitchen, a full bathroom, and two bedrooms, renting for $1,200 per month. Ascend to the third floor (Unit #2) with a similar layout to unit 1 with a living room/dining combo, kitchen, 2 bedrooms and 1 full bath, renting for $975.00 per month. Also on the third floor (Unit #3) is this unique unit which is characterized by its open 1-bedroom loft design and an abundance of natural light. This unit offers a contemporary living experience renting for $900.00 per month. Currently monthly income $3,075. All residential units are currently fully rented, providing an immediate and stable income for the new owner from day one. This property represents a rare chance to acquire a turn-key investment with significant upside potential. Don't miss the opportunity to add this income-generating asset to your portfolio. Contact us today to schedule a private showing and explore the full potential of this exceptional property!
    11 days
    on Zillow
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    449
    |
    25
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    Zillow last checked: 7 hours ago

    Listing updated: August 06, 2025 at 03:20am

    Listed by:

    Angela Tolosky 484-989-7053,

    Coldwell Banker Realty 6103739900,

    Listing Team: The Angela Tolosky Team

    Source: Bright MLS,MLS#: PABK2060504MLS Logo
    Travel times

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 5,100
    • Total interior livable area: 5,100 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 2,178 Square Feet
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 06530773520380
    • Zoning: COMM/MULTI USE
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Townhouse
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1995

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Reading
    • Municipality: READING CITY

    Financial & listing details

    • Price per square foot: $94/sqft
    • Tax assessed value: $107,400
    • Annual tax amount: $4,841
    • Date on market: 7/29/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 36900
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