113 W OLEY ST, Reading, PA 19601
113 W OLEY ST, Reading, PA 19601
113 W OLEY ST, Reading, PA 19601
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Listed by Joe Colon • Coldwell Banker Realty
$229,900
Est. payment /mo
1,663 SqFt
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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,663 sqft

Price per Sqft $138

MLS Listing ID PABK2071162

Style Traditional

Abv Grd Liv Area 1,663

Year Built 1895

Available Date 2026-04-27

Annual Tax Amount $1,389

Tax Year 2026

Lot Size 1,307 Sqft

Acres 0.03

Lot Dimensions 0.00 x 0.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Welcome to 113 W Oley Street, a solid income-producing multi-unit property located in the heart of Reading. This well-maintained 2-unit building offers strong cash flow and a 9.6% cap rate, making it an ideal addition to any investor's portfolio.

The property features two residential units:

* Unit 1: 1 bedroom, 1 bathroom — currently rented at $850/month (month-to-month lease)
* Unit 2: 3 bedrooms, 1 bathroom — currently rented at $1,200/month (month-to-month lease)

In addition to the residential income, the property includes a detached garage in the rear, currently leased for an additional $75/month, providing extra revenue.

Tenants pay their own heat and electricity, helping keep operating expenses low. The owner is only responsible for water, sewer, and trash, making this a highly efficient and easy-to-manage investment.

With strong existing rents, flexible month-to-month leases, and immediate cash flow from day one, this property presents a great opportunity for both seasoned investors and those looking to get started in real estate investing.

Don't miss your chance to secure a high-performing asset in a growing market—schedule your showing today!

Location

State PA

County Berks

Area Reading City (10201)

Zoning RES 2-4 FAM

Rooms

Basement Full

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Heat Source Electric

Laundry Basement

Exterior

Parking Features Garage - Rear Entry, Oversized

Garage Spaces 1.0

Water Access N

Accessibility None

Total Parking Spaces 1

Garage Y

Building

Foundation Concrete Perimeter

Above Ground Finished SqFt 1663

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 15-5307-57-54-5158

Ownership Fee Simple

SqFt Source 1663

Acceptable Financing Cash, Conventional, FHA, PHFA, VA

Listing Terms Cash, Conventional, FHA, PHFA, VA

Financing Cash,Conventional,FHA,PHFA,VA

Special Listing Condition Standard


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Bright MLS (BMLS)

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Stacey Caito

Stacey Caito

+1(703) 957-9643

Agent | License ID: 0225222157

Agent License ID: 0225222157

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