197 Old Friedensburg Rd, Reading, PA 19606

Reading
Local realty services provided by:ERA Martin Associates
197 Old Friedensburg Rd,Reading, PA 19606
$279,900
  • 4 Beds
  • - Baths
  • 1,680 sq. ft.
  • Multi-family
  • Pending
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.

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Home facts

  • Year built:1950
  • Listing ID #:PABK2072440
  • Added:56 day(s) ago
  • Updated:July 16, 2026 at 07:56 AM

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)

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