417 Walnut St, Reading, PA 19601
- $375,000
- List Price
- $375,000
- Price Change
- ▼ $20,000 1785285442
- Days on Market
- 161
- Status
- ACTIVE
- MLS#
- PABK2068316
- Lot Size (Acres)
- 0.12
- Year Built
- 1920
- County
- Berks
- School District
- Reading
Property Description
Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 12–14 apartment units in a rapidly evolving corridor. Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market. With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation. Bring your vision and unlock the full potential of this prime investment.
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Additional Information
- Area
- Reading City (10201)
- Taxes
- $8712
- School District
- Reading
- Heating
- Steam
- Heating Fuel
- Natural Gas
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Light House Realtors, LLC. Contact: (484) 273-0056