113 W Oley Street Reading, PA $ 229,900
113 W Oley Street
$ 229,900
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113 W Oley Street

Reading, PA, 19601
$ 229,900
Bedrooms4 Baths0.0

Monthly Estimate*

$ 1,416

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Multi-Family Home for sale in Reading, PA

for $229,900 with 4 bedrooms. This home was built in 1895 on a lot size of 0.03.

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 investors 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. Dont miss your chance to secure a high-performing asset in a growing marketschedule your showing today!

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Multi-Family Coming Soon

Price

$ 229,900

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 1,389

Style

Traditional

Lot Size

0.03

Year Built

1895

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2071162

Features
General
Living Area 1663
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Window Unit(s)
Possession Immediate
Zoning RES 2-4 FAM
Garage Spaces 1.00
Architectural Style Traditional
Construction Materials Brick
School District READING
Exclusions Tenant personal property
Year Built 1895
Electric 100 Amp Service
Property Subtype Duplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel None
Municipality READING CITY
Gross Income 25500.00
Accessibility None
County BERKS
Net Operating Income 21611.00
Operating Expense 2500.00
New Construction N
Property Type Multi-Family
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status COMING SOON
Directions USE GPS
City READING
Number Of Units Total 2
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 1307.00
Number of Units Leased 2
Tax Annual Amount 1389.0
Property Condition Good
Two Bedroom 0
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 138.24
Acceptable Financing Cash Conventional FHA PHFA VA
Rent Control Y/N N
Vacation Rental Y/N N
Avg. Water Per Month 100.0
Lease Type Month to Month
Standard Status Coming Soon
Year Built Source Estimated
Tax Lot 5158
Total Actual Rent 25500.00
Cap Rate 9.60
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Interior
Heating Fuel Electric
Basement Full
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Central Air Y/N N
Laundry Type Basement
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Exterior
Pool No Pool
Water Source Public
Garage Features Garage - Rear Entry Oversized
Type of Parking Detached Garage
Foundation Details Concrete Perimeter
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.03
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 6600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 113
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* Excluded Features
List By
Coldwell Banker Realty

Broker

josephcolonrealtor@gmail.com

Email

Affordability Calculator

$1,531
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,416
Monthly Property Taxes
$116
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2183915 Elementary School
2183912 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$229,900 Listed Price

Map


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113 W Oley Street, Reading, PA, 19601 is a Multi-Family Home for sale at $229,900 with a lot size of 0.03. 113 W Oley Street has 4 bedrooms, 0.0 baths, and was built in 1895. The property's zip code is 19601 which is in Reading, PA