MLS: #PABK2072440, Listed By: Chris Marrella, Keller Williams Platinum Realty - Wyomissing, Source:Bright MLS
197 Old Friedensburg Road
READING, PA 19606
4
Bed
0
Bath
1,680Sqft
0.09Acre(Lot)
Awesome turn-key investment opportunity in the desirable Exeter School District featuring a fully-leased 2-unit property with immediate cash flow. This property offers two spacious 2-bedroom, 1-bathroom apartments. The newly renovated first floor features a custom tile shower with a stackable washer/dryer, new windows, fresh drywall and paint, plus a generously sized eat-in kitchen and family room currently rented at $1,400/month with the owner paying electric. The second floor unit features an established long-term tenant paying $1,200/month plus utilities, providing excellent income stability. Owner pays sewer for the building, averaging $100-$120/month. Well water is treated with a UV light filtration system. Both tenants are currently month-month. With $31,200 in gross annual income, 1
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4 -
Flooring Information
Carpet, Vinyl -
Interior Features
Appliances: Electric Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Electric, Baseboard Has Cooling: Yes Cooling: Window Unit(s), Electric
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Building Information
Year Built: 1950 Building Area Total: 1680 Construction Materials: Block Pool Features: None Private Pool: No
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Lot Information
Lot Size Acres: 0.09 Lot Size Source: Assessor Lot Size Square Feet: 3920
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Listing Price Information
Listing Price: $279900
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Tax Information
Parcel Number: 43-5338-03-30-2005 Tax Lot: 2005 Tax Year: 2025 Annual Tax: $2574
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Parking Information
Parking Total: 4 Driveway
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Location Information
Direction: US-222 S, Keep left to continue on US-422 E, Take the exit toward Mt. Penn, Turn left onto E Neversink Rd (signs for St Lawrence/Mt Penn), Turn left onto Perkiomen Ave, Turn right onto Oley Turnpike Rd, Turn left onto Bingaman St, Slight right onto Butter Ln, Turn right onto Old Friedensburg Rd, Property will be on the right WaterSource: Well
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 300 Friedensburg Road, Reading, PA, 19606 | $799,900 | 10 | -- | 5,768 | 5,768 SqFt |
| 2212 Perkiomen Avenue, Reading, PA, 19606 | $298,500 | 2 | -- | 1,800 | 1,800 SqFt |
| 521 S 19th Street, Reading, PA, 19606 | $265,000 | 2 | -- | 1,520 | 1,520 SqFt |
Similar Multifamily To 197 Old Friedensburg Road
Nearby For Sale
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ByOwner last updated this listing 06/18/2026 @ 03:09
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