Bought with Charles R Logan • BHHS Homesale Realty- Reading Berks
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Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,663 sqft
Price per Sqft $144
MLS Listing ID PABK2071162
Sold Date 07/16/26
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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