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731 Washington St
For Sale $475,000
$475,000
- 0 Units
- Unknown Sq Ft
- 2,178 Sq Ft
- Unknown Cap Rate
Description
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 café 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $475,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 08530784902887 |
| MLS # | PABK2063726 |
| Property ID | 322231667 |
| Lot Sqft | 2,178 |
| Zoning | MIX C |
| Days on Market | 108 |
| Original List Price | Unknown |
| Date Updated | December 09, 2025 |
| Date Created | October 02, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Taj S Simmons an agent of . Lic #RS315174
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Data last updated: January 18, 2026.
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Robert Crawford
REAL ESTATE AGENT