113 W Oley Street, Reading, PA 19601 - Photo 1

1/1

$240,000

Sold
Closed
Townhouse
1,663 Sq. Ft.
1 Car Garage

1/1

Property 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!

Full Property Details

Full Property Details for 113 W Oley St

General

Sold For: $240,000
Taxes: $1,389 (2026)
Status: Closed
Type: Townhouse
Source: BrightMLSPhilly
MLS ID: PABK2071162
Added to Site: 123 day(s) ago

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.: $144.32
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
Terms: Standard Sale
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

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Meet the listing agent

— 113 W Oley St —

Joseph "Joe" Colon

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(484) 650-6749 mobile

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Schools

Schools serving 113 W Oley St

School District:Reading School District

Name	Grades	Distance
Northwest Middle School 1000 North Front Street, Reading, PA 19601	5-8	0.1 mi
Riverside El School 1400 Centre Avenue, Reading, PA 19601	PK-4	0.5 mi
Reading Senior High School 801 North 13th Street, Reading, PA 19604	9-12	1.2 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

Date

Details

Price

Change

Source

7/16/2026

Sold

$240,000

—

MLS

5/11/2026

Price Increased

$240,000

4.39%

MLS

4/27/2026

Listed

$229,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced

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Active
Updated 6 days ago

8
Beds
3
Total Baths
3,200
Sq. Ft.

Listed by Springer Realty Group, Mario A Di Nenna

113 W Oley Street, Reading, PA 19601 (MLS# PABK2071162) is a Townhouse property that was sold at $240,000 on July 16, 2026. This property was 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.

113 W Oley St Reading, PA 19601