12,151 sqft

$349,900

417 WALNUT STREET, READING PA, 19601

Price per sqft$28.80

Built in1920

Property size12,151 sqft

Property typeCommercial

Overview

Active

Active-bright

Listed Jul 28, 2026

Updated 6 days ago

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.

Additional information

MLS^® ID: PABK2068316

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.12 Acres

Other Property Details

Taxes: $8,712
Tax Frequency: Annually

Listed by Light House Realtors, LLC
Listing Contact: 6105074933

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/2/2026 at 12:01 AM UTC

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