113 W Oley St Reading, PA 19601
Greenwich NeighborhoodEstimated payment $1,417/month
Highlights
- Traditional Architecture
- Oversized Parking
- 4-minute walk to Second & Oley Playground
- 1 Car Detached Garage
- Electric Baseboard Heater
About This Home
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!
Listing Agent
(610) 373-9900 josephcolonrealtor@gmail.com Coldwell Banker Realty Brokerage Phone: 6103739900 Listed on: 04/27/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,389
Year Built
- Built in 1895
Lot Details
- 1,307 Sq Ft Lot
- Property is in good condition
Parking
- 1 Car Detached Garage
- Oversized Parking
- Rear-Facing Garage
Home Design
- 1,663 Sq Ft Home
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- Window Unit Cooling System
- Electric Baseboard Heater
- 100 Amp Service
- Electric Water Heater
Listing and Financial Details
- Tax Lot 5158
- Assessor Parcel Number 15-5307-57-54-5158
Community Details
Overview
- 2 Units
Building Details
- Income includes apartment rentals
- Operating Expense $2,500
- Net Operating Income $21,611
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $850 | $30,100 | $6,600 | $23,500 |
| 2025 | $817 | $30,100 | $6,600 | $23,500 |
| 2024 | $1,337 | $30,100 | $6,600 | $23,500 |
| 2023 | $1,316 | $30,100 | $6,600 | $23,500 |
| 2022 | $1,316 | $30,100 | $6,600 | $23,500 |
| 2021 | $1,316 | $30,100 | $6,600 | $23,500 |
| 2020 | $1,303 | $30,100 | $6,600 | $23,500 |
| 2019 | $1,303 | $30,100 | $6,600 | $23,500 |
| 2018 | $1,303 | $30,100 | $6,600 | $23,500 |
| 2017 | $1,294 | $30,100 | $6,600 | $23,500 |
| 2016 | $739 | $30,100 | $6,600 | $23,500 |
| 2015 | $739 | $30,100 | $6,600 | $23,500 |
| 2014 | $680 | $30,100 | $6,600 | $23,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/14/2026 05/14/26 | For Sale | $240,000 | 0.0% | $144 / Sq Ft | |
| 05/11/2026 05/11/26 | Price Changed | $240,000 | +4.4% | $144 / Sq Ft | |
| 05/04/2026 05/04/26 | Pending | -- | -- | -- | |
| 04/27/2026 04/27/26 | For Sale | $229,900 | +125.4% | $138 / Sq Ft | |
| 03/01/2021 03/01/21 | Sold | $102,000 | 0.0% | $61 / Sq Ft | View Prior Sale |
| 01/15/2021 01/15/21 | Pending | -- | -- | -- | |
| 01/13/2021 01/13/21 | Off Market | $102,000 | -- | -- | |
| 01/06/2021 01/06/21 | Price Changed | $99,900 | -9.1% | $60 / Sq Ft | |
| 11/17/2020 11/17/20 | For Sale | $109,900 | -- | $66 / Sq Ft |
Source: Bright MLS
MLS Number: PABK2071162
APN: 5307-57-54-5158
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Ask me questions while you tour the home.