316 S 8th St, Reading, PA 19602
Local realty services provided by:CENTURY 21 Above and Beyond
316 S 8th St,Reading, PA 19602
$260,000
- 2 Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: jose vazquez
Office: light house realtors, llc.
MLS#:PABK2071194
Source:BRIGHTMLS
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Price summary
- Price:$260,000
About this home
Investors and house hackers — the math on this one just got better. We pulled 316 S 8th Street off-market briefly to rehab every unit to rent-ready, and we dropped the price $25K to $274,900. So you're now buying a turnkey, fully vacant 4-unit in one of PA's most renter-hungry markets — 60% of households rent, studios are pulling $875–$1,100/mo and 2-bedrooms are pushing $1,200–$1,500+.
Run the numbers: rent-ready from day one means no rehab lift and no lag to cash flow. Lease all four at market for a gross rent roll of $3,825–$4,800+/mo — roughly $45K–$57K a year against a $274,900 buy.
Every unit has its own separate electric heat and each tenant pays their own utilities, so operating expenses stay lean and net income stays fat. No utility bills eating your returns.
Still maximum flexibility: stack all four for income, or move into the 2-bedroom and let three tenants cover your mortgage while you build equity. And because it's delivered vacant, there are no inherited leases and no inherited headaches — you price every unit at today's market the day you close. Demand in this market isn't slowing.
Clean turnkey rental play, rent-ready, priced to move at $274,900. Call or text now to schedule your showing and get the full unit-by-unit numbers. Bring proof of funds or pre-approval with your offer....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:PABK2071194
- Added:121 day(s) ago
- Updated:August 23, 2026 at 06:06 AM
Rooms and interior
- Bedrooms:2
Heating and cooling
- Heating:Baseboard - Electric, Electric
Structure and exterior
- Year built:1900
- Architectural Style:Traditional
- Construction Materials:Brick
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$260,000
- Tax amount:$1,232 (2025)
Features and amenities
- Amenities:Electric Available
Parking
- Parking description:On Street
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