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$279,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 1,680 Sq. Ft.
  • Updated 23 hours ago
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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.

Full Property Details for 197 Old Friedensburg Rd

General

  • Price: $279,900
  • Taxes: $2,574 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PABK2072440
  • Updated: 5/21/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Carpet, Luxury Vinyl Plank

Parking

  • Total Spaces: 4
  • Parking Type: Driveway

Location

  • Area: Exeter Twp (10243)
  • Municipality: EXETER TWP
  • County: BERKS
  • Driving 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, Turn left onto Bingaman St, Slight right onto Butter Ln, Turn right onto Old Friedensburg Rd, Property will be on the right

School Information

  • School District: Exeter Township

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Well, Filter

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Detached
  • Construction: Block
  • Foundation: Other
  • Square Feet: 1,680
  • Sq. Ft. Source: Assessor
  • Living Area: 1,680 Sq. Ft.
  • Finished Above Grnd: 1,680 Sq. Ft.
  • Year Built: 1950
  • Year Built Source: Assessor

Unit Information

  • Other Units: Unit 1, Unit 2

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920
  • Lot Size Source: Assessor
  • Zoning: RESIDENTIAL

Financial Considerations

  • Price Per Sq. Ft.: $166.61
  • Assessment Year: 2026
  • School Tax: $1,909
  • City/TownTax: $200
  • City/TownTax Freq: Annually
  • County Tax: $465
  • County Tax Freq: Annually
  • Tax w/Assessment: $51,600
  • Tax Amount: $2,574
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 1680

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 2005

Listed by Keller Williams Platinum Realty - Wyomissing, Chris Marrella

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Listing agent

— 197 Old Friedensburg Rd —

  • Chris Marrella

    Keller Williams Platinum Realty - Wyomissing

Listing Office Email: frontdesk1110@kw.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 Old Friedensburg Rd

School District:Exeter Township School District
NameGradesDistance
Owatin Creek Elementary School
5000 Boyertown Pike, Reading, PA 19606
K-42.8 mi
Exeter Twp Junior High School
151 East 39th Street, Reading, PA 19606
7-83.4 mi
Exeter Twp Senior High School
201 East 37th Street, Reading, PA 19606
9-123.3 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 197 Old Friedensburg Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/21/2026
Listed
$279,900
21.7%
MLS
7/05/2023
Sold
$230,000
—
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 197 Old Friedensburg Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$851
6%
$51,600
—
2024
$803
-66%
$51,600
—
2023
$2,370
10%
$51,600
—
2022
$2,160
-6%
$51,600
—
2021
$2,308
1%
$51,600
—
2020
$2,283
1%
$51,600
—
2019
$2,257
—
$51,600
—
2018
$2,251
1%
$51,600
—
2017
$2,218
3%
$51,600
—
2016
$2,161
1%
$51,600
—
2015
$2,141
1%
$51,600
—
2014
$2,118
—
$51,600
—
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.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Platinum Realty - Wyomissing, Chris Marrella

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197 Old Friedensburg Road, Reading, PA 19606 (MLS# PABK2072440) is a Single Family property with 0 bedrooms and 0 full bathrooms. 197 Old Friedensburg Road is currently listed for $279,900 and was received on May 21, 2026. Want to learn more about 197 Old Friedensburg Road? Do you have questions about finding other Single Family 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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