About 417 Walnut St
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.
Features of 417 Walnut St
| MLS® # | PABK2068316 |
|---|---|
| Price | $365,000 |
| Bathrooms | 0.00 |
| Square Footage | 12,151 |
| Acres | 0.12 |
| Year Built | 1920 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 417 Walnut St |
|---|---|
| Area | Reading City |
| City | READING |
| County | BERKS-PA |
| State | PA |
| Municipality | READING CITY |
| Zip Code | 19601 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Steam |
|---|---|
| Cooling | None |
Exterior
| Exterior | Brick Front |
|---|---|
| Construction | Brick Front |
Additional Information
| Date Listed | February 17th, 2026 |
|---|---|
| Days on Market | 186 |
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Light House Realtors, LLC |
|---|---|
| Contact Info | (484) 273-0056 |