113 W Oley St, Reading, PA 19601

Reading
Local realty services provided by:ERA Byrne Realty
113 W Oley St,Reading, PA 19601
$229,900
  • 4 Beds
  • - Baths
  • 1,663 sq. ft.
  • Multi-family
  • Active
Listed by: joe colon
Office: coldwell banker realty
MLS#:PABK2071162
Source:BRIGHTMLS

Price summary

  • Price:$229,900
  • Price per sq. ft.:$138.24

About this home

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...

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Home facts

  • Year built:1895
  • Listing ID #:PABK2071162
  • Added:14 day(s) ago
  • Updated:May 07, 2026 at 01:31 PM

Rooms and interior

  • Bedrooms:4
  • Basement:Yes
  • Basement Description:Full
  • Living area:1,663 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Year built:1895
  • Building area:1,663 sq. ft.
  • Lot area:0.03 Acres
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$229,900
  • Price per sq. ft.:$138.24
  • Tax amount:$1,389 (2026)

Features and amenities

  • Amenities:100 Amp Service

Parking

  • Parking description:Detached Garage, Garage - Rear Entry, Oversized
  • Garage:Yes
  • Garage spaces:1

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