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$229,900 Just Listed

  • For Sale
  • Active
  • Townhouse
  • 1,663 Sq. Ft.
  • 1 Car Garage
  • Updated 3 hours ago
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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!

Full Property Details for 113 W Oley St

General

  • Price: $229,900
  • Taxes: $1,389 (2026)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSPhilly
  • MLS ID: PABK2071162
  • Updated: Today (4/27/2026)
  • Added to Site: Today

Rental Information

  • Lease Info: Month to Month

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Type: Detached Garage
  • Garage Description: Garage - Rear Entry, Oversized

Location

  • Area: Reading City (10201)
  • Municipality: READING CITY
  • County: BERKS
  • Driving Directions: USE GPS

School Information

  • School District: Reading

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Interior Row/Townhouse
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Concrete Perimeter
  • Square Feet: 1,663
  • Sq. Ft. Source: Assessor
  • Living Area: 1,663 Sq. Ft.
  • Finished Above Grnd: 1,663 Sq. Ft.
  • Year Built: 1895
  • Year Built Source: Estimated
  • Property Condition: Good

Unit Information

  • Other Units: Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,307
  • Lot Size Source: Estimated
  • Zoning: RES 2-4 FAM

Financial Considerations

  • Price Per Sq. Ft.: $138.24
  • Operating Expenses: $2,500
  • Assessment Year: 2026
  • School Tax: $540
  • County Tax: $271
  • County Tax Freq: Annually
  • Tax w/Assessment: $30,100
  • Tax Amount: $1,389
  • Tax Year: 2026
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Tax Total Finished Sq. Ft.: 1663

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenant personal property
  • Lot Number: 5158
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 113 W Oley St —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 113 W Oley St

School District:Reading School District
NameGradesDistance
Northwest Middle School
1000 North Front Street, Reading, PA 19601
5-80.1 mi
Riverside El School
1400 Centre Avenue, Reading, PA 19601
PK-40.5 mi
Reading Senior High School
801 North 13th Street, Reading, PA 19604
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 113 W Oley St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/27/2026
Listed
$229,900
125.39%
MLS
2/15/2021
Sold
$102,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 113 W Oley St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$817
3%
$30,100
—
2024
$797
-39%
$30,100
—
2023
$1,316
—
$30,100
—
2022
$1,316
—
$30,100
—
2021
$1,316
1%
$30,100
—
2020
$1,303
—
$30,100
—
2019
$1,303
—
$30,100
—
2018
$1,303
1%
$30,100
—
2017
$1,294
1%
$30,100
—
2016
$1,278
5%
$30,100
—
2015
$1,218
1%
$30,100
—
2014
$1,203
—
$30,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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113 W Oley Street, Reading, PA 19601 (MLS# PABK2071162) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 113 W Oley Street is currently listed for $229,900 and was received on April 27, 2026. This property is listed by Joseph "Joe" Colon from our Wyomissing Office.Want to learn more about 113 W Oley Street? Do you have questions about finding other Townhouse real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

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