Property

Reading, PA 19606 17 N 23Rd Street

Pending
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Presented By: RE/MAX Of Reading
  • MLS# PABK2065534
  • 11/14/2025
  • Request Tour
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  • SQFT • 7,500

Home Details

New to the market, compare the value in this mixed use commercial/multifamily building. This well maintained building features 2 commercial office suites on the main floor, and 4 residential apartments on the 2nd and 3rd floors. Each office space includes approx. 1600 sq.ft. and they feature a large conference room/waiting room, multiple private offices and private bathrooms. The residential apartment details are as follows: Apt. 1 - 2 Brs, 1 bath, Apt 2 - Efficiency 1 Br, 1 bath, Apt. 3 1 Br, 1 bath, Apt. 4 - 1 Br, 1 Bath. 3 of the 4 units have their own separate laundry facilities. There is a parking lot for 6-8 cars in the rear of the building. The lower level is partially finished adding additional square footage. This space may have potential for an owner occupant needing office or flex space, or could possibly be rented for additional income, (contact the municipality to verify use). Recent mechanical updates were done, including a newer Mansard roof 2018, water heaters replaced, chimney restoration, bilco door replacement, newer updated toilets, upgraded bathroom and more.
Presented By: RE/MAX Of Reading

Interior Features for 17 N 23Rd Street

Bathrooms

Total Restrooms8

Other Interior Features

Central Air Y/NYes
FlooringCarpet, Tile/Brick, Vinyl
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Total Stories3

Other Rooms

Entry Level1

General for 17 N 23Rd Street

Acceptable FinancingConventional, Cash
AccessibilityOther
Association Recreation FeeN
Business TypeProfessional, Medical, Apartment Building, Hair Salon and Spa
Cap Rate8.60
CityREADING
Construction MaterialsBrick, Masonry, Stucco, Frame
Cool FuelElectric
CoolingCentral A/C
CountyBERKS
DirectionsPerkiomen Ave west, right on 23rd Street, property on right side.
Electric200+ Amp Service
Electric Expense1284.00
ExclusionsTenants personal items and furniture
HeatingForced Air
Historic Y/NNo
Insurance Expense3315.00
Lease Considered Y/NNo
Location TypeSuburban
Lot Size Square Feet6969.00
Lot Size UnitsSquare Feet
MLS AreaMt Penn Boro (10264)
MunicipalityMT PENN BORO
Net Operating Income54053.00
New ConstructionNo
Number Of Units Total6
Operating Expense28267.00
OwnerPaysAir Conditioning, Common Area Maintenance, Gas, Heat, Electricity, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionSubject to Existing Lease, Immediate
Price Per Sq Ft Total AG83.33
Property ConditionVery Good
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofFlat, Pitched, Rubber, Shingle
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Tax Annual Amount14753.0
Tax Assessed Value200000.0
Tax Lot0951
Tax Year2025
Trash Expense2700.00
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Year Built1915
Year Built SourceEstimated
ZoningC-1 COMMERCIAL

Exterior for 17 N 23Rd Street

Building Area Total7500.00
Car Parking Spaces8
Fencing Y/NY
Foundation DetailsStone
Land Assessed Value34200.00
Land Use Code4118
Lot Dimensions0.00 x 0.00
Lot FeaturesCorner
Lot Size Acres0.16
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking, Surface
Road ResponsibilityBoro/Township
Road Surface TypeBlack Top
Total Loading Docks0
Total Parking Spaces8
Type of ParkingParking Lot, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Brian Lee

Associate
Price $625,000
MLS#PABK2065534
List Date 11/14/2025
Property Type Pending
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