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Ontelaunee, PA Multifamily Home for Sale

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    $675,000

    • Studio
    • 5,322 Sq Ft

    1600 and 1608 Elizabeth, Reading, PA 19605

    Dual Income Opportunity! Commercial Building plus a residential home with high visibility.Rare combination of a fully leased restaurant space and a separate residential home. Ideal for investors! Commercial building is currently leased for $4,500/month currently used as a restaurant, which includes a separate garage plus an off street parking lot. The adjacent home offers 3

    Agent Photo

    Jerry Buffa

    Coldwell Banker Realty

    (484) 946-4507

    1600 and 1608 Elizabeth, Reading, PA 19605

Why Live in Ontelaunee

Ontelaunee, Pennsylvania, offers a rural charm that appeals to small families seeking seclusion while maintaining access to essential shopping and dining. The area is characterized by winding country roads, a placid lake, rolling wheat fields, and a small-town culture. Homes in Ontelaunee are typically situated on large plots of land, with options ranging from two-bedroom 1920s townhomes to four-bedroom contemporary houses on half-acre suburban lots. The local schools, including Schuylkill Valley Elementary, Middle, and High Schools, have high ratings, and The King's Academy, a private Christian school, is less than 5 miles away in Mohrsville. Outdoor recreation is abundant, with fishing and hiking around Lake Ontelaunee, sports fields in Perry Township 9 miles northeast, and Willow Hollow Golf Course 7 miles southwest. Dining options are concentrated along Pennsylvania Route 61, featuring local favorites like Andali’s Family Restaurant & Pizzeria and Leesport Diner. Shopping includes Redner’s Warehouse Markets and the century-old Leesport Farmers Market, which also hosts events like craft shows and a fall festival. Employment opportunities are bolstered by nearby warehouses, including an Amazon Fulfillment Center in Reading. Transportation is primarily car-based, with Pennsylvania Route 61 connecting residents to neighboring towns and charter lines serving Reading Regional Airport 7 miles south. For medical needs, locals often visit Lehigh Valley Hospital-Cedar Crest in Allentown, 30 miles northeast.

Home Trends in Ontelaunee, PA

Housing Trends

Median Sale Price
$315,000
Median Single Family Sale Price
$317,450
Median Townhouse Sale Price
$259,995
Median 2 Bedroom Sale Price
$236,000
Average Price Per Sq Ft
$167
Number of Homes for Sale
8
Last 12 months Home Sales
105
Months of Supply
0.90
Median List Price
$315,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
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