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For sale
  • $2,850,000

    5 E Penn Ave, Wernersville, PA 19565

    --beds
    --baths
    8,000sqft
    : 
    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
    *** 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!
    365 days
    on Zillow
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    263
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    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#: PABK2046952MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 5 E Penn Ave.

    Next available tour time:Today at 11am

    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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