113 W Oley St Reading, PA 19601
Greenwich NeighborhoodEstimated payment $1,412/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/04/2026 06/04/26 | Pending | -- | -- | -- | |
| 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $102,000 | Edge Abstract | |
| Deed | $40,500 | None Available | |
| Deed | $30,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $76,500 | New Conventional | |
| Closed | $35,235 | New Conventional |
Source: Bright MLS
MLS Number: PABK2071162
APN: 5307-57-54-5158
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