113 W OLEY STREET, READING, PA, 19601
  • $240,000

Overview

MLS ID : PABK2071162
  • Duplex, Multi-Family
  • Property Type
  • 1
  • Garage
  • 1663
  • Dwelling (SqFt)

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
  • Price $240,000
  • Property Size 1663
  • Land (Acres) 0.03
  • Garage 1
  • Year Built 1895
  • Property Type Duplex, Multi-Family
  • Property Status MLS Status ACTIVE-BRIGHT

Additional Detail

  • Above Grade Finished Square Footage 1663
  • Architectural Style Traditional
  • AssessmentYear 2026
  • Basement 1
  • Below Grade Finished 0
  • County Tax 271
  • DOM 38
  • Exclusions Tenant personal property
  • FoundationDetails Concrete Perimeter
  • Heating Baseboard - Electric
  • Listing Broker Coldwell Banker Realty
  • Lot Dimensions 0.00 x 0.00
  • Other Structures Above Grade, Below Grade
  • Pool No Pool
  • Price Change Time Stamp May 11, 2026 at 03:16pm
  • Property Condition Good
  • School District READING
  • School Tax 540
  • Sewer Public Sewer
  • Short Sale No
  • Annual Taxes 1389

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