197 Old Friedensburg Road Reading, PA ^$ 279,900

197 Old Friedensburg Road

^$ 279,900

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197 Old Friedensburg Road

Reading, PA, 19606

^$ 279,900

Bedrooms4 Baths0.0

Monthly Estimate*

^$ 1,723

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Multi-Family Home for sale in Reading, PA

for $279,900 with 4 bedrooms. This home was built in 1950 on a lot size of 0.09.

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.

Multi-Family Active

Price

^$ 279,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 2,574

Style

Traditional

Lot Size

0.09

Year Built

1950

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2072440

Features

General

Living Area 1680

Sewer Public Sewer

Heating Baseboard - Electric Wall Unit

Cooling Window Unit(s)

Possession Negotiable

Zoning RESIDENTIAL

Architectural Style Traditional

Construction Materials Block

School District EXETER TOWNSHIP

Year Built 1950

Property Subtype Duplex

Tax Year 2025

Ownership Fee Simple

Cool Fuel Electric

Municipality EXETER TWP

Accessibility None

County BERKS

New Construction N

Property Type Multi-Family

Garage Y/N N

Water Access Y/N N

Other Structures Above Grade Below Grade

Status ACTIVE

Directions US-222 S Keep left to continue on US-422 E Take the exit toward Mt. Penn Turn left onto E Neversink Rd (signs for St Lawrence/Mt Penn) Turn left onto Perkiomen Ave Turn right onto Oley Turnpike Rd Tu

City READING

Number Of Units Total 2

MLS Area Exeter Twp (10243)

Lot Size Units Square Feet

Lot Size Square Feet 3920.00

Number of Units Leased 2

Tax Annual Amount 2574.0

Two Bedroom 2

Structure Type Detached

Price Per Sq Ft Total AG 166.61

Vacation Rental Y/N N

Standard Status Active

Year Built Source Assessor

Tax Lot 2005

Interior

Heating Fuel Electric

Flooring Carpet Luxury Vinyl Plank

Hot Water Electric

Basement (Y/N) N

Heating Y/N Y

Fireplace Y/N N

Central Air Y/N N

Exterior

Pool No Pool

Water Source Well Filter

Type of Parking Driveway

Foundation Details Other

Water View Y/N N

Lot Size Acres 0.09

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 30900.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 197

* Excluded Features

List By

Keller Williams Platinum Realty - Wyomissing

Broker

chris.marrella@kw.com

Affordability Calculator

$1,938

Per Month

Monthly Principal & Interest: $1,723
Monthly Property Taxes: $215
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Reading, PA

Average List Price ^$433,905

Percent of Sale Price 55%

About Reading, PA

89,350 Population

10% Since 2002

^$27,966 Median Income

32.19 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2152491 Elementary School

3533713 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/21/2026	$279,900		Listed Price

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197 Old Friedensburg Road, Reading, PA, 19606 is a Multi-Family Home for sale at $279,900 with a lot size of 0.09. 197 Old Friedensburg Road has 4 bedrooms, 0.0 baths, and was built in 1950. The property's zip code is 19606 which is in Reading, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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197 Old Friedensburg Road

Multi-Family Home for sale in Reading, PA

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