*** 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!
For sale
$2,850,000
5 E Penn Ave, Wernersville, PA 19565
--beds
--baths
8,000sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$356/sqft
$-- HOA
What's special
Thriving commercial spacesResidential rooming unitsFully equipped kitchenThrift shopPrivate bathroomsCozy cafeOpen and thriving bar
- 365 days
- on Zillow |
- 263 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 07:18am
Listed by:
Jimmy Thelusca 610-985-7700,
Pagoda Realty 6109857700
Source: Bright MLS,MLS#: PABK2046952

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Baseboard, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater, Gas Water Heater
Features
- Flooring: Laminate, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 8,000
- Total interior livable area: 8,000 sqft
Property
Parking
- Total spaces: 36
- Parking features: Private, Parking Lot
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 0.41 Acres
- Features: Suburban
Details
- Additional structures: Above Grade
- Parcel number: 90436611576450
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick, Frame
- Foundation: Brick/Mortar
- Roof: Rubber,Shingle
Condition
- Good
- New construction: No
- Year built: 1890
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None Available
Location
- Region: Wernersville
- Municipality: WERNERSVILLE BORO
Financial & listing details
- Price per square foot: $356/sqft
- Tax assessed value: $253,500
- Annual tax amount: $7,335
- Date on market: 8/12/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Other
- Ownership: Fee Simple
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