For Sale

Listed by Alex Prince from TCS Management, LLC

Source: Bright MLS #PABK2069500

1719 North 3rd Street, Reading, PA, 19601

$950,000

13
5288 sq. ft.
1742 sq. ft.

Other

30+ days on the market

What's around 1719 North 3rd Street

About this property

THIS IS A PACKAGE DEAL PRICED AT $3,225,000 AND INCLUDES 831 NORTH 10TH STREET, 17 & 19 SOUTH 3RD STREET, AND 1259 NORTH 10TH STREET Presenting the opportunity to acquire the fee simple interest in the Downtown Reading Portfolio. The Portfolio consists of three well-located assets totaling 31 residential units and one commercial space in the heart of Reading, Pennsylvania. Situated within minutes of one another, the properties provide operational efficiency, stable cash flow, and clear upside through rent growth and light renovations. The Downtown Reading Portfolio serves a deep and diverse tenant base within a submarket that continues to see steady occupancy levels of 95% or above and limited new supply, creating high barriers to entry. • Located just off Penn Street, 17 and 19 South 3rd Street consist of two adjacent three-story brick buildings totaling 10 apartment units. Built around 1900 and well-maintained over the years, both properties feature stone and mortar foundations, wood joist framing, and flat rubber roofs replaced within the past five years. Tenants are responsible for heat, electricity, and gas for cooking, with water and hot water included in a flat monthly fee, minimizing ownership expenses and streamlining operations. • A few minutes north, 1259 North 10th Street is a mixed-use, three-story brick building totaling over 14,000 square feet and featuring 9 residential units and 1 ground-floor commercial space. Constructed in 1910, the property is equipped with electric baseboard heat, in-unit hot water heaters, and copper wiring. The roof, replaced within the last five to seven years, and a durable brick exterior contribute to the property’s longevity. The flexible layout and neighborhood location provide options for improved utilization of the commercial component and continued residential stability. • Nearby, 831 North 10th Street encompasses 12 apartment units across three stories and 19,000± square feet. Built in 1890, the building retains its classic stone veneer and stucco façade while operating with a central steam boiler and gas-fired hot water system. Tenants pay for electricity and gas cooking, with ownership covering central heat, a setup that has helped sustain strong year-round occupancy. The large unit sizes and character details give the property a unique competitive edge in the local rental market. Together, these properties form a strong value-add portfolio with tangible upside potential for a new buyer. Current in-place rents, averaging between $990 and $1,200 per month, sit roughly 15% below comparable market levels, allowing for meaningful income growth through light renovations and more hands-on management. Their proximity supports shared maintenance, staffing, and operational efficiencies while maintaining flexibility across multiple tenant segments. In a market with strong occupancy fundamentals and limited new construction, the Downtown Reading Portfolio stands out as a well-balanced investment opportunity. With stable in-place income, clear rent growth potential, and properties positioned in resilient, workforce-driven neighborhoods, this Portfolio offers investors a compelling blend of stability and scalability within Berks County’s core rental corridor.

Looking for more information on 1719 North 3rd Street?

Explore comparables, sales history and growth for this property.
Learn more

Other properties for sale by TCS Management, LLC

For Sale
$195,000
4045 Old York Rd
Philadelphia PA 19140
4
3
Townhouse
Listing courtesy of TCS Management, LLC
For Sale
$425,000
1905 East Harold Street
Philadelphia PA 19125
3
3
Townhouse
Listing courtesy of TCS Management, LLC
For Sale
$149,000
5810 Wakefield Street
Philadelphia PA 19144
2
1
Townhouse
Listing courtesy of TCS Management, LLC

Browse properties sold in nearby areas

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which TCS Management, LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent