197 Old Friedensburg Rd, Reading, PA 19606

Reading
Local realty services provided by:ERA Reed Realty, Inc.
197 Old Friedensburg Rd,Reading, PA 19606
$279,900
  • 4 Beds
  • - Baths
  • 1,680 sq. ft.
  • Multi-family
  • Active
Listed by: chris marrella
Office: keller williams platinum realty - wyomissing
MLS#:PABK2072440
Source:BRIGHTMLS

Price summary

  • Price:$279,900
  • Price per sq. ft.:$166.61

About this home

Awesome turn-key investment opportunity in the desirable Exeter School District featuring a fully-leased 2-unit property with immediate cash flow. This property offers two spacious 2-bedroom, 1-bathroom apartments. The newly renovated first floor features a custom tile shower with a stackable washer/dryer, new windows, fresh drywall and paint, plus a generously sized eat-in kitchen and family room currently rented at $1,400/month with the owner paying electric. The second floor unit features an established long-term tenant paying $1,200/month plus utilities, providing excellent income stability. Owner pays sewer for the building, averaging $100-$120/month. Well water is treated with a UV light filtration system. Both tenants are currently month-month. With $31,200 in gross annual income, 100% occupancy, recent first-floor upgrades, and strong rental rates, this turnkey property offers investors an excellent opportunity for consistent returns in a sought-after school district.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Listing ID #:PABK2072440
  • Added:2 day(s) ago
  • Updated:May 24, 2026 at 01:31 PM

Rooms and interior

  • Bedrooms:4
  • Flooring:Carpet, Luxury Vinyl Plank
  • Living area:1,680 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1950
  • Building area:1,680 sq. ft.
  • Lot area:0.09 Acres
  • Architectural Style:Traditional
  • Construction Materials:Block

Utilities

  • Water:Filter, Well
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$279,900
  • Price per sq. ft.:$166.61
  • Tax amount:$2,574 (2025)

New listings near 197 Old Friedensburg Rd