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… Read More owner-operators. The residential units include a one-bedroom and a two-bedroom apartment, while the commercial spaces feature an office and a cafe9; 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. Read Less
3,200 net sqft, 3,800 total building sqft, Built in 1915, Stone, Copper Plumbing
Cooling
Central Air, Electric, Ceiling Fan(s), Central A/C, Window Unit(s)
Floors
Wood, Carpet
Heating
Natural Gas, Forced Air
Lot
2,178 sqft, Lot Size Dimensions: 0.00 x 0.00, 0.05 acres
Property
View: City
Roof
Pitched
Sewer
Public Sewer
Taxes
City/Town Tax: $955, City/Town Tax Pymnt Freq: Annually, County Tax: $475, County Tax Pymnt Freq: Annually, School Tax: $945, Tax Annual Amount: $2,375, Tax Year: 2025
Utilities
Electric Service: 200+ Amp Service, Hot Water: Natural Gas, Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
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