Overview
- Duplex, Multi-Family
- 1
- 1663
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!
Details
Updated on June 5, 2026 at 5:57 pm-
MLS ID PABK2071162
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Price $240,000
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Property Size 1663
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Land (Acres) 0.03
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Garage 1
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Year Built 1895
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Property Type Duplex, Multi-Family
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Property Status MLS Status ACTIVE-BRIGHT
Additional Detail
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Above Grade Finished Square Footage 1663
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Architectural Style Traditional
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AssessmentYear 2026
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Basement 1
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Below Grade Finished 0
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County Tax 271
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DOM 38
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Exclusions Tenant personal property
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FoundationDetails Concrete Perimeter
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Heating Baseboard - Electric
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Listing Broker Coldwell Banker Realty
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Lot Dimensions 0.00 x 0.00
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Other Structures Above Grade, Below Grade
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Pool No Pool
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Price Change Time Stamp May 11, 2026 at 03:16pm
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Property Condition Good
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School District READING
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School Tax 540
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Sewer Public Sewer
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Short Sale No
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Annual Taxes 1389