113 W Oley St
Reading, PA 19601
4 Beds
2 Baths
1,663 sqft
4 Beds
2 Baths
1,663 sqft
Local Information
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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!
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$144
Listed
32 days ago
Home Details for 113 W Oley St
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Interior Details Basement: FullNumber of Rooms: 1Types of Rooms: Basement |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2 |
Dimensions and Layout Living Area: 1663 Square Feet |
Appliances & Utilities Appliances: Electric Water HeaterLaundry: In Basement |
Heating & Cooling Heating: Baseboard,ElectricHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Baseboard |
Fireplace & Spa No Fireplace |
Gas & Electric Electric: 100 Amp Service |
Levels, Entrance, & Accessibility Accessibility: None |
View No View |
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Exterior Home Features Other Structures: Above Grade, Below GradeFoundation: Concrete PerimeterNo Private Pool |
Parking & Garage Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Garage Faces Rear,Oversized,Detached |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 32 |
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Year Built Year Built: 1895 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: TownhouseStructure Type: Interior Row/TownhouseArchitecture: Traditional |
Building Construction Materials: BrickNot a New Construction |
Property Information Condition: GoodNot Included in Sale: Tenant Personal PropertyParcel Number: 15530757545158 |
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Price List Price: $240,000Price Per Sqft: $144 |
Status Change & Dates Possession Timing: Immediate |
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MLS Status: ACTIVE |
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Direction & Address City: READING |
School Information Elementary School District: ReadingJr High / Middle School District: ReadingHigh School District: Reading |
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Listing Agent Listing ID: PABK2071162 |
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Building Area Building Area: 1663 Square Feet |
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Lot Area: 1307 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, FHA, PHFA, VA Loan |
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Business Information Ownership: Fee Simple |
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Owner Pays: Insurance, Sewer, Taxes - Real Estate, Trash Collection, WaterNo Rent Control |
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BasementMls Number: PABK2071162Municipality: READING CITY |
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Source Internet Entire Listing Display: Y |
Last check for updates: about 7 hours ago
Listing courtesy of Joe Colon, (484) 650-6749
Coldwell Banker Realty, (610) 373-9900
Source: Bright MLS, MLS#PABK2071162
Also Listed on Bright MLS.
Price History for 113 W Oley St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/14/2026 | $240,000 | PendingToActive | Bright MLS #PABK2071162 |
| 05/11/2026 | $240,000 | Pending | Bright MLS #PABK2071162 |
| 04/27/2026 | $229,900 | Listed For Sale | Bright MLS #PABK2071162 |
| 03/02/2023 | ListingRemoved | Bright MLS #PABK370586 | |
| 03/18/2021 | $102,000 | Sold | N/A |
| 02/23/2021 | $99,900 | Pending | Bright MLS #PABK370586 |
| 01/13/2021 | $99,900 | ListingRemoved | Bright MLS #PABK370586 |
| 01/07/2021 | $99,900 | PriceChange | Bright MLS #PABK370586 |
| 11/17/2020 | $109,900 | Listed For Sale | Agent Provided |
| 05/18/2006 | $40,500 | Sold | N/A |
| 05/01/2002 | $30,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,357 |
| Assessment | $30,100 |
Home facts updated by county records
Comparable Sales for 113 W Oley St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Multi-Family Home | $217,000 | 03/30/26 | 4 | 2 | 1,918 | |
0.14 | Multi-Family Home | $225,000 | 04/17/26 | 3 | 2 | 1,641 | |
0.15 | Multi-Family Home | $256,275 | 01/08/26 | 4 | 2 | 2,200 | |
0.11 | Multi-Family Home | $252,500 | 05/22/26 | 6 | 2 | 2,456 | |
0.25 | Multi-Family Home | $275,000 | 12/04/25 | 6 | 2 | 2,908 | |
0.39 | Multi-Family Home | $294,900 | 09/15/25 | 4 | 3 | 2,034 | |
0.75 | Multi-Family Home | $222,000 | 02/18/26 | 5 | 2 | 1,742 | |
0.38 | Multi-Family Home | $302,900 | 09/15/25 | 5 | 3 | 2,350 |
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Assigned Schools
These are the assigned schools for 113 W Oley St.
- Northwest Middle School
- 5-8
- Public
- 821 Students
3/10GreatSchools RatingParent Rating AverageI have no complaints about the school! My daughter is a 7th grader and she has scored advanced on all her pssa and brings good grades home.... the school does not make the students, parents do, and the teachers help... a good student with a good support system at home is a good student no matter where he goes... Teachers at nw middle school are very excited to work with kids and parents that want to get the best out of school years!!Parent Review9y ago - Reading Senior High School
- 9-12
- Public
- 4899 Students
1/10GreatSchools RatingParent Rating AverageMy personal experience with this school was really bad unfortunately. I’m currently a senior right now. But all the things I went threw happened when I was a freshman. And I’m now in virtual homeschooled. 1.) The school is extremely overpopulated and it’s hard to quickly evaluate the building in emergency situations.2.) My whole freshman year I didn’t do any work I sat in class on my phone all day because when ever the teacher would try to start a lesson the students would be disrespectful. So a lot of them gave up. 3.) I feel like a lot of the staff don’t care about the student or their well being. It’s disorganized.4.) Bullying and fighting happen all the time. Kids are aggressive and I’ve noticed how to security guards take there time breaking up fights. 5.) They locked the bathroom to prevent student from skipping class in them even tho that didn’t help at all. 6.) Good luck trying to get on the bus because there’s not enough room for them. And the secretaries get an attitude when you tell them that you need a ride home. 7.) And none of the staff will listen or even try to positively change some things in that school. The book we learn in are out of date and scribbled in. They just don’t care. They don’t. It’s all about the money for them I can tell. And there probably never gonna change unfortunately. I wouldn’t recommend having your kids go to this school. Or at least trying out homeschooling instead. Especially if your kid suffers from anxiety, or other mental health. They don’t accommodate well for kids with special needs. They wouldn’t let me leave to go to a break room when I was about to have a panic attack. Even tho it’s stated on my IEP that I can leave the classroom to go to a break room when every I feel uncomfortable.Parent Review3y ago - Northwest El School
- PK-4
- Public
- 501 Students
3/10GreatSchools RatingParent Rating AverageYet another encounter with this school. A teacher decided it's OK to stand in the middle of the street to block cars from passing and giving van's the opportunity to come and go quickly. When I asked her is it legal to stand infront of cars to let a van pass, she stated "van's have priority over cars". Yet when I checked the state law only A1 and A2 school buses have priority when flashing their lights. The lies the teachers will tell just to feel superior is astonishing!Parent Review3y ago 
Check out schools near 113 W Oley St.
What Locals Say about Reading
At least 1992 Trulia users voted on each feature.
82 % Say there are sidewalks
78 % Say car is needed
75 % Say it's dog friendly
73 % Say yards are well-kept
69 % Say there's holiday spirit
67 % Say kids play outside
58 % Say it's walkable to grocery stores
53 % Say streets are well-lit
53 % Say parking is easy
51 % Say people would walk alone at night
48 % Say it's walkable to restaurants
48 % Say they plan to stay for at least 5 years
48 % Say neighbors are friendly
46 % Say it's quiet
43 % Say there's wildlife
28 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Joe Colon, Coldwell Banker Realty, (610) 373-9900
Agent Phone: (484) 650-6749
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Copyright 2026 Bright MLS, Inc. Click here for more information
113 W Oley St, Reading, PA 19601 is a 4 bedroom, 2 bathroom, 1,663 sqft multi-family built in 1895. This property is currently available for sale and was listed by Bright MLS on Apr 23, 2026. The MLS # for this home is MLS# PABK2071162.