Commercial > Mixed Use
Active
1 week ago
List Price
$500,000$132/ft²
731 Washington St
Reading, PA 19601
- -Bed
- -Bath
- 3,800ft²Living Area
- 2,178ft²Lot Size
- -Pool
- -Car
- 1915Year Built
- 9DOM
- 6Permits
731 Washington St, Reading, PA 19601 is a 3,800 ft² commercial mixed use property property built in 1915 on a 0.050 acre lot with 6 construction permits.
MLS Description
The listing agent's description. Original Listing
Exceptional investment opportunity in the heart of Reading. This mixed-use property combines 729 and 731 Washington Street, which have been annexed and are now considered one building. Fully renovated in 2016, the property offers two commercial units and two residential apartments, providing both stability and upside potential for investors or owner-operators. The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a cafe with utility surcharge. The building has been well-maintained with extensive updates, including a roof and dormer replacement in 2024, a remodeled bathroom in Apartment A in 2022, and a full bathroom upgrade and repaint in Apartment B in 2024-2025. This property generates consistent rental income and, at the asking price of $500,000, reflects an attractive 8.1% cap rate. With its strong rental history, modern upgrades, and prime location near businesses, restaurants, and public transit, it represents a turnkey investment in the heart of the city.
Listing Agents
The listing agent for 731 Washington St is Taj S Simmons.
TS
Taj S Simmons
EXP Realty, LLC
License: RS315174
Phone: (888) 397-7352
Permits
731 Washington St has 6 permit records.
Permit History
6
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$1,395.18From latest Total Assessed Value2.65%Total Assessed Value$52,700=Land+
Assessed Value$13,100Additions
Assessed Value$39,600
In 2024, taxes billed for 731 Washington St were $1,395.18, which is 2.65% from latest Total Assessed Value of $52,700.
Property History
731 Washington St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 731 Washington St
Hazard Risks
Lead204Wind156Particulates151Ozone128Air Pollution128Nat'l Avg100Carb Mono86Hurricane75Earthquake74Weather62Hail60Tornado36
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 731 Washington St.
Walkability Index
0 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
731 Washington St has a walkability score of 0 out of 20, which means that it is in a car dependent area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
22°F
High
40°F
Summer
Average
Low
61°F
High
83°F
In the winter at 731 Washington St, temperatures range from 21.93°F to 40.07°F with an average of 31°F. In the summer, the temperature ranges from 61.16°F to 83.28°F with and average of 72.22°F.
School Information
Public/private schools serving 731 Washington St
Public Schools
10th and Penn Elementary School
Grades: PK-4
0.24 mi
C-
Southern Middle School
Grades: 5-8
0.38 mi
C-
Reading Senior High School
Grades: 9-12
0.92 mi
D
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 731 Washington St have ratings undefined, undefined, and undefined.
Nearby Properties on Washington St
- 837 Washington St, Reading, PA 19601 (Downtown / Central City) is a 3,624 square foot and 0.05 acre property.
- 1035 Washington St, Reading, PA 19601 (Penn's Common Historic District) is a 1,455 square foot, 6 bedroom, 1 bathroom, 0.02 acre property. It was built in 1900 and has an estimate of $125,250 with a price per ft² of $86.
- 933 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,449 square foot, 5 bedroom, 1 bathroom, 0.02 acre property. It was built in 1900 and has an estimate of $61,904 with a price per ft² of $43.
- 1023 Washington St, Reading, PA 19601 (Penn's Common Historic District) is a 1,572 square foot, 3 bedroom, 1 bathroom, 0.02 acre property. It was built in 1900 and has an estimate of $69,204 with a price per ft² of $44.
- 943 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,464 square foot, 3 bedroom, 1 bathroom, 0.03 acre property. It was built in 1900 and has an estimate of $105,829 with a price per ft² of $72.
- 934 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,160 square foot, 2 bedroom, 2.25 bathroom, 0.04 acre property. It was built in 1900 and has an estimate of $93,148 with a price per ft² of $80.
- 930 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,458 square foot, 2 bedroom, 2 bathroom, 0.03 acre property. It was built in 1900 and has an estimate of $85,264 with a price per ft² of $58.
- 938 Washington St, Reading, PA 19601 (Downtown / Central City) is a 2,740 square foot, 8 bedroom, 3 bathroom, 0.02 acre property. It was built in 1900 and has an estimate of $121,200 with a price per ft² of $44.
- 1014 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,200 square foot, 3 bedroom, 1 bathroom, 0.02 acre property. It was built in 1900 and has an estimate of $84,096 with a price per ft² of $70.
- 936 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,393 square foot, 3 bedroom, 1 bathroom, 0.04 acre property. It was built in 1900 and has an estimate of $78,256 with a price per ft² of $56.
- 947 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,899 square foot, 3 bedroom, 1 bathroom, 0.02 acre property. It was built in 1900 and has an estimate of $76,796 with a price per ft² of $40.
- 1021 Washington St, Reading, PA 19601 (Penn's Common Historic District) is a 1,438 square foot, 4 bedroom, 1 bathroom, 0.02 acre property. It was built in 1900 and has an estimate of $97,820 with a price per ft² of $68.
- 725 Washington St, Reading, PA 19601 (Downtown / Central City) is a 4,984 square foot and 0.03 acre property.
- 1011 Washington St, Reading, PA 19601 (Penn's Common Historic District) is a 2,241 square foot, 4 bedroom, 3 bathroom, 0.03 acre property. It was built in 1900 and has an estimate of $112,420 with a price per ft² of $50.
- 401 Washington St, Reading, PA 19601 (6th Ward / Ricktown Arts District) is a 0.26 acre property.
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- 735 Washington St, Reading, PA 19601 (Downtown / Central City) is a 1,750 square foot, 3 bedroom, 3 bathroom, 0.03 acre property. It was built in 1900 and has an estimate of $110,900 with a price per ft² of $63.
- 737 Washington St, Reading, PA 19601 (Downtown / Central City) is a 20,760 square foot and 0.36 acre property.
- 912 Washington St, Reading, PA 19601 (Downtown / Central City) is a 2,053 square foot, 3 bedroom, 3 bathroom, 0.04 acre property. It was built in 1900 and has an estimate of $110,250 with a price per ft² of $54.
- 526 Washington St, Reading, PA 19601 (Downtown / Central City) is a 4,996 square foot and 0.06 acre property.
- 1041 Washington St, Reading, PA 19601 (Penn's Common Historic District) is a 8,268 square foot and 0.17 acre property.
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