113 W Oley Street Reading, PA 19601
Listing Courtesy of: BRIGHT IDX / Coldwell Banker Realty / Joseph "Joe" Colon

  113 W Oley Street Reading, PA 19601

Coming Soon (1 Days)
$229,900 (USD)

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!

MLS #:
PABK2071162
Taxes
$1,389(2026)
Lot Size
1,307 SQFT
Type
Multifamily
Year Built
1895
Style
Traditional
School District
Reading
County
Berks County

Listed By

Joseph "Joe" Colon, Coldwell Banker Realty
Source
BRIGHT IDX
Last checked Apr 23 2026 at 9:58 PM GMT+0000
Bathroom Details
Property Features
  • Above Grade
  • Below Grade
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Baseboard - Electric
  • Window Unit(s)
Basement Information
  • Full
Exterior Features
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electric
Living Area
  • 1,663 sqft
Location
   
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Disclaimer: Copyright 2026 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/23/26 14:58