505 Oley St, Reading, PA 19601
OFF MARKET

505 Oley St
Reading, PA 19601

  • 6 Beds
  • 4 Baths
  • 3,748 sqft

$337,300

Trulia Estimate
as of May 25, 2026
Est. Refi. Payment $2,171/mo*
Refinance Your Home

$337,300

Trulia Estimate
as of May 25, 2026
Est. Refi. Payment $2,171/mo*
Refinance Your Home
6 Beds
4 Baths
3,748 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Attention Investors! Very large Centre Park Historic District Victorian brick & stone 4 unit fully rented and in overall good condition. All heating expenses are paid by the tenants. Owner pays for water/sewer, trash, recycling and common area electric. Unit 1, 1st floor has 5 rooms, 2 private BRS, rented for $760/month by a 2 year tenant on a M/M basis. Gas hot water heat, gas hot water, electric range/oven, has laundry in basement and pays $35/month towards the water & utilities. Washer & dryer belong to tenant's for unit 1. Unit 2, 2nd floor front has 3 rooms, 1 BR, rented for $600/month. Electric baseboard heat, electric hot water, gas range/oven. Unit 3, 2nd floor rear has 3 rooms, 1 BR, rented for $575/month by a 2 year tenant on a M/M basis. Electric baseboard heat, electric hot water, gas range/oven. Unit 4, 3rd floor has 5 rooms, 3 BRS, rented for $725/month. Electric baseboard heat, electric hot water, gas range/oven. Expenses: Water/Sewer/Trash/Recycling - $3,960. Insurance - $760. Owner's electric - $312. Permits - $100. Excellent money making investment property producing a 16% Cap Rate and located in one of Reading's premier neighborhoods! Competitively priced and will not last in this hot real estate market with very low inventory! NO WEEKEND SHOWINGS WILL BE PERMITTED!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 505 Oley St

Interior Features

Heating & Cooling
Heating: Other, GasHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 4Floors: Tile, Carpet
Interior Details
Number of Rooms: 13

Exterior Features

Exterior Home Features
Roof: OtherExterior: Brick

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Community

Units in Building: 4

Lot Information

Lot Area: 2613 sqft

Price History for 505 Oley St

DatePriceEventSource
05/22/2019$150,000ListingRemovedAgent Provided
05/21/2019$150,000PendingToActiveAgent Provided
04/09/2019$150,000PendingAgent Provided
03/20/2019$150,000Listed For SaleAgent Provided
02/08/2019$150,000ListingRemovedAgent Provided
01/26/2019$150,000Listed For SaleAgent Provided
09/01/2015$89,900ListingRemovedAgent Provided
03/19/2015$89,900Listed For SaleAgent Provided
12/03/2014$89,900ListingRemovedAgent Provided
07/01/2014$89,900PriceChange
Agent Provided
10/18/2013$99,900PriceChange
Agent Provided
09/13/2013$118,000PriceChange
Agent Provided
08/08/2013$139,900Listed For SaleAgent Provided
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Comparable Sales for 505 Oley St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
806 N 3rd St, Reading, PA
0.26
Multi-Family Home
$200,000
05/22/26
5
4
3,422
536 Centre Ave, Reading, PA
0.17
Multi-Family Home
$320,000
07/02/25
8
3
3,050
462 Centre Ave, Reading, PA
0.21
Multi-Family Home
$310,000
06/17/25
4
3
2,802
321 N 6th St, Reading, PA
0.39
Multi-Family Home
$289,900
03/04/26
5
3
2,540
383 Schuylkill Ave, Reading, PA
0.65
Multi-Family Home
$450,000
09/26/25
5
4
5,100
343 N 2nd St, Reading, PA
0.47
Multi-Family Home
$302,900
09/15/25
5
3
2,350
610 N 9th St, Reading, PA
0.39
Multi-Family Home
$200,000
01/30/26
6
2
2,048
114 W Spring St, Reading, PA
0.54
Multi-Family Home
$35,000
04/02/26
5
3.5
2,009
131 W Greenwich St, Reading, PA
0.50
Multi-Family Home
$252,500
05/22/26
6
2
2,456
433 Windsor St, Reading, PA
0.21
Multi-Family Home
$350,000
04/09/26
5
-
3,481

Nearby homes

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Assigned Schools

These are the assigned schools for 505 Oley St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Trulia User
    "I've lived in this neighborhood for almost 10 yrs and love it. Nice people and stores and restaurants within walking distance and a Safe feeling when out walking!"
    0
    Flag
  • Enjoli Ruley-Yates
    "Know what part of reading and what school district you are looking to move into. Parking is crazy in the city."
    0
    Flag
  • Kiara Felix Cruz
    "Parents generally prioritize fostering a safe, loving, and nurturing environment that promotes their child's long-term well-being and independence. Key priorities include providing unconditional love, establishing consistent boundaries, building strong communication, and modeling good behavior. Parents also highly value teaching responsibility and"
    0
    Flag
  • Trulia User
    "This area is a Friendly area but please make sure you check the predator app cause they are several in the area for those people who have children."
    0
    Flag
  • Trulia User
    "Very cheap, too many jobs opportunities,the cost of leaving is not that bad ,good people, is like all different states that has their good side and the bad side."
    0
    Flag
  • Kiara Felix Cruz
    "Dog owners in Reading love the abundance of scenic green spaces, such as Gring’s Mill Recreation Area and the Reading Public Museum Arboretum, which feature extensive walking trails. Secure, off-leash play is a major plus at spots like Jim Dietrich Dog Park and the new Schlegel Park facility"
    0
    Flag
  • Trulia User
    "Bus transportation at every corner, easy to get around either by walking, bus, bike, scooter, handicap rams on corners. Traffic light"
    0
    Flag
  • Ki
    "They treat you like family and are very awesome towards you they have block parties they get along monster the race color appearance "
    2
    Flag
  • Shane81evans
    "Quit streets good hard working people A neighborhood's uniqueness comes from its unique blend of people, local businesses, amenities, and character. Factors like safety, the quality of schools, and community atmosphere contribute to its distinct identity, while specific features such as a thriving food scene, parks, or a rich history can make it special. Ultimately, a neighborhood becomes unique through the relationships residents build, the shared meanings they attach to places, and the lifestyle it"
    0
    Flag
  • Fred Matias
    "Our neighborhood is quite and safe. We have children in the neighborhood running up and down the block. There are no issues nor problem in our Nieghbor’s. "
    0
    Flag
  • ReadingRenter
    "Need a car for anything unless taking public transportation. 5th street highway is the best location for the city of reading. "
    0
    Flag
  • Jose Pinheiro
    "If you’re looking for the perfect place to call home, let me introduce you to my outstanding neighborhood — a true hidden gem! 🌿 ✅ Safe and Secure – Peace of mind is priceless, and here we enjoy a strong sense of safety and community watch. ✅ Quiet & Peaceful – Away from the noise, close to nature, and perfect for families, retirees, or anyone who values a calm environment. ✅ Friendly Neighbors – The kind of place where people still wave hello, lend a hand, and make you feel at home. ✅ Beautiful Streets & Well-Kept Homes – Pride of ownership is everywhere you look. ✅ Perfect Location – Convenient access to schools, parks, local shops, and commuter routes."
    0
    Flag
  • Fred Matias
    "No community events are or have been done here, but I would love to have a neighborhood block party to celebrate us as a people. "
    0
    Flag
  • Ktweber
    "I live in a pet friendly apartment complex and see many people walking their dogs around. Most people keep their dogs on leash. "
    0
    Flag
  • A.delacruzh
    "El Hass special event to make my community special because it’s too many culture that’s why are dividid"
    0
    Flag
  • Yoel Mejia Brito
    "Great community and great neighborhood beautiful people I am very happy living here I am secure and protected "
    0
    Flag
  • Juliocesarsalcedod
    "We have some events in special dates, for example in summer we have a special event for example kids parks. "
    0
    Flag
  • Keona Thompson
    "It’s peaceful and quiet for the most part and the cleanest area throughout reading beside the suburbs "
    0
    Flag
  • Leslie.perez1768
    "I don’t know cause I don’t have a dog but there are to many dogs in my area of reading and I’m allergic to them so it’s not really a good area for people allergies to Live in"
    0
    Flag
  • Lena Taniyo
    " There is a lot of people walking their dogs around Exeter neighborhoods. For the most part everyone picks up after their dogs. Just remember always leash your dog! :) "
    0
    Flag
  • Oscarasocorro
    "Diversity of culture is what makes this neighborhood so unique and special, you can find and see everything in here"
    0
    Flag
  • Jennsantanao.04
    "I need more space where to have my pet and I want an extra room and a better school nearby for my daughter."
    0
    Flag
  • Morsletine67
    "There are a lot of people that walk their dogs in this area and most people are animal friendly, but you do have some people that put up signs to keep off lawn. The reason I believe this happens is because you do have some people, very few, that will walk their dogs at night and not clean up. As a dog owner, I always clean up after my dog and I get very annoyed when I am walking and I see that someone didn’t clean up after their dog. "
    0
    Flag
  • Jul Kastle
    "Very Friendly Neighborhood~We Feel safe in our Community. Everyone is friendly and welcoming..Nice place to call Home. "
    0
    Flag
  • Jfinks69
    "Neighbors are respectful of each other and their properties. The area is maintained and is close enough to shops and businesses without being too close. "
    0
    Flag
  • Morgan
    "724 can be backed up at times, which is annoying. Local groceries, post office, school and farmers market is all very convenient. "
    0
    Flag
  • Pchacon2122
    "Neighbors are pet friendly and I have ample space for my dogs in my yard. I feel my dogs are safe in our yard/home "
    5
    Flag
  • D. Rivera
    "Absolutely nothing. I moved here because I lived among the elderly and they began moving and selling their homes after Covid. Now the neighbors are loud with music playing constantly. Outside smoking weed and using profanity all the time. Gets worse during the summer time. I cannot let my kids outside to ply because there is no respect for them as children."
    25
    Flag
  • hm96
    "Some people do not keep their dogs quiet, then the barking picks up when people or another dog is walking by. "
    0
    Flag
  • Keesha Hill
    "The area of safety the schools and shopping the community overall The living of country suburban life "
    0
    Flag
  • Trulia User
    "Never leave your children alone outside. Many predators live in the area and it’s just not safe to leave them alone. "
    13
    Flag
  • Trulia User
    "My neighborhood has great access to public transportation. It's near to a lot of market, you can get your foods ordered and delivered with no problem. "
    5
    Flag
  • Trulia User
    "I have everything l need close and you can buy cheap. A lot of job opportunities and excellent payments. The rent is not expensive and you can buy a house for an Amazing price. "
    0
    Flag
  • Trulia User
    "My neighborhood is dangerous and not safe for kids. I am expecting twins and do not feel comfortable living here."
    10
    Flag
  • Trulia User
    "Evening music and live action and drama. There are usually festivals and community events during all seasons "
    1
    Flag
  • Trulia User
    "There’s a dog swim every year on the last day that the pool is open where the dogs of the area get to go swimming. They also do a family night out every year where they show a movie on a big screen and have police and fire trucks teaching safety and playing games and vendors "
    3
    Flag
  • Cjmayernik
    "easy access to major roadways heading towards Lancaster and Ephrata area as well as towards the Exeter and Philadelphia areas"
    0
    Flag
  • Tamara.manke
    "1 hr to Philadelphia, Allentown, Harrisburg. 25 minutes to Pottstown, Lancaster, Boyertown. 15 minutes to downtown Reading."
    0
    Flag
  • Shane W.
    "great community to live in. lots of areas for kids and adults to both do and have activities.........."
    0
    Flag
  • Nilrivera
    "good neighbors and there is a park up the next block short distance to buy stop and Groceries store and a pharmacy Rite aid.."
    5
    Flag

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Homes for sale near 505 Oley St

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Off Market Homes Near 505 Oley St

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505 Oley St, Reading, PA 19601 is a 6 bedroom, 4 bathroom, 3,748 sqft multi-family built in 1900. This property is not currently available for sale. The current Trulia Estimate for 505 Oley St is $337,300.