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- Description
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Street View
$240,000
Monthly Est:$1,195
-- Bed
-- Bath
1,663sqft
113 W Oley St, Reading, PA 19601
$240,000
$1,195/moEst:
Get Pre-Approved
Townhouse
Built in 1895
$-- HOA
1,307 sqft lot
$144/sq.ft
Description
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 investors and those looking to get started in real estate investing.
Don’t miss your chance to secure a high-performing asset in a growing market—schedule your showing today!
- Houzeo last checked: 12 hours ago
- Listing updated: May 14, 2026 at 3:33 pm
- Listing Provided by: Joe Colon (484) 650-6749 | Coldwell Banker Realty (610) 373-9900
- Source: Bright MLS-NJ | MLS#: PABK2071162
Property Details
Status
Active
Type
Townhouse
No. of Stories
-
County
City
Neighborhood
--
Year Built
1895
HOA Fees
-
Finished Area
1,663 sqft
Lot Size
1,307 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
PABK2071162
MLS Status
ACTIVE-BRIGHT
Days on Market
16
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
Window Unit(s)
Sewer
Public Sewer
Heating
Baseboard Electric
Construction
Year Built
Year Built: 1895
Home type
Townhouse
Property Condition
Good
Foundation Details
Concrete Perimeter
Construction Materials
Brick
Architectural Style
Traditional
Utilities & Energy
Electric
100 Amp Service
Basement
Full
Water Source
Public
Price History
| Date | Event | Price |
|---|---|---|
05/14/2026 Source: | Price Increased | $240,000 +4.39% $144/sqft |
04/27/2026 Source: | Listed for Sale | $229,900 +125.39% $138/sqft |
03/03/2021 Source: | Price Increased | $102,000 +151.85% $61/sqft |
05/12/2006 Source: | Sold | $40,500 $24/sqft |
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