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383 Schuylkill Ave, 
Reading, PA 19601

$479,900


5

Beds


Bath


5,100

Sq Ft


Multi-Family

Active

Last updated:

July 31, 2025, 01:32 PM

MLS#

PABK2060504

Source:

BRIGHTMLS

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About This Home

383 Schuylkill Ave

Prime Investment Opportunity: Mixed-Use Corner Building with Commercial & Residential Income Discover an exceptional investment opportunity with this meticulously maintained, four-unit corner building, boasting over 5,000 square feet of versatile space. Perfectly situated for maximum visibility and accessibility, this property offers a compelling blend of established commercial presence and fully rented residential income, making it an ideal acquisition for savvy investors. The expansive first floor features a prominent commercial storefront, previously operating as a successful daycare facility. This versatile space is ready for a new business venture, offering ample room for retail, office, or service-oriented enterprises. Adding significant value, the commercial unit also includes two dedicated offices conveniently located on the second floor, providing excellent administrative or private workspace solutions. Projected Rent: $2500 per month. The upper floors are thoughtfully designed to maximize residential appeal and income. The second floor unit (Unit #1) is a spacious living room/dining room combination, a well-appointed kitchen, a full bathroom, and two bedrooms, renting for $1,100 per month. Ascend to the third floor (Unit #2) with a similar layout to unit 1 with a living room/dining combo, kitchen, 2 bedrooms and 1 full bath, renting for $975.00 per month. Also on the third floor (Unit #3) is this unique unit which is characterized by its open 1-bedroom loft design and an abundance of natural light. This unit offers a contemporary living experience renting for $900.00 per month. All residential units are currently fully rented, providing an immediate and stable income for the new owner from day one. This property represents a rare chance to acquire a turn-key investment with significant upside potential. Don't miss the opportunity to add this income-generating asset to your portfolio. Contact us today to schedule a private showing and explore the full potential of this exceptional property!

Home Facts

Multi-Family

5 Bedrooms

Built in 1995

Price Summary

479,900

$94 per Sq. Ft.

MLS #:

PABK2060504

Last Updated:

July 31, 2025, 01:32 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5


Structure

Structure

Architectural Style:

Traditional

Building Area:

5,100 Sq. Ft.

Year Built:

1995


Lot

Lot Size (Sq. Ft):

2,178


Finances & Disclosures

Finances

Price:

$479,900

Price per Sq. Ft:

$94 per Sq. Ft.

383 Schuylkill Ave
Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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