197 OLD FRIEDENSBURG ROAD
Reading, PA 19606
$279,900
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, 100% occupancy, recent first-floor upgrades, and strong rental rates, this turnkey property offers investors an excellent opportunity for consistent returns in a sought-after school district.
Listing Courtesy of: Keller Williams Platinum Realty - Wyomissing
609-442-9946
| Mls Number: | PABK2072440 |
|---|---|
| List Price: | $279,900 |
| Close Price: | $279,900 |
| Close Date: | 2026-07-29 |
| Property Type: | Multi-Family |
| Structure Type: | Duplex |
| Standard Status: | Closed |
| Living Area Sqft: | 1,680 |
| Tax Annual Amount: | $2,574 |
| Lot Size Area: | 3,920.0 |
| Lot Size Acres: | 0.09 |
| Architectural Style: | Traditional |
| City Name: | Reading |
| County: | Berks |
| Zip Code: | 19606 |
| Year Built: | 1950 |
| Unit Count: | 2 |
| Purchase Contract Date: | 2026-06-22 |
| State Or Province: | PA |
| Mls Area: | Exeter Twp (10243) |
| Directions: | 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 |
| School District Name: | EXETER TOWNSHIP |
| Cooling Type: | Window Unit(s) |
| Flooring Type: | Carpet, Luxury Vinyl Plank |
| Foundation Details: | Other |
| Heating Type: | Baseboard - Electric, Wall Unit |
| Other Structures: | Above Grade, Below Grade |
| Parking Spaces Total: | 4 |
| Basement Yn: | No |
| Cooling Fuel: | Electric |
| Heating Fuel: | Electric |
| Hot Water: | Electric |
| Other Units: | Unit 1, Unit 2 |
| Ownership Interest: | Fee Simple |
| County Tax: | $465.00 |
| Land Use Code: | 132 |
| Tax Year: | 2025 |
| Zoning: | RESIDENTIAL |
| School Tax: | $1,909.00 |
| Water Source: | Well, Filter |
| Driveway # Of Spaces: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| Two Bedroom Units: | 2 |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-05-21 |
| Incorporated City Name: | EXETER TWP |
| Postal Code Plus4: | 9432 |
| Buyer Financing: | Standard Sale |
| Possession: | Negotiable |
| School District Sources: | Listing Agent |
| School District Key: | 300200397319 |
| Above Grade Finished Area: | 1,680 |
| Above Grade Finished Area Units: | Square Feet |
| Below Grade Finished Area Source: | Assessor |
| Below Grade Finished Area Units: | Square Feet |
| Construction Materials: | Block |
| Accessibility Features: | None |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Assessor |
| Living Area Source: | Assessor |
| Year Built Source: | Assessor |
| Below Grade Unfinished Area Source: | Assessor |
| Below Grade Unfinished Area Units: | Square Feet |
| Type: | Detached |
| Type Of Parking: | Driveway |
| Total Garage And Parking Spaces: | 4 |
| Source Of Measure Bg: | Assessor |
| Area Total: | 1,680 |
| Source Of Measure: | Assessor |
| Assessment Year: | 2026 |
| City Town Tax: | $200.00 |
| City Tax Frequency: | Annually |
| County Tax Frequency: | Annually |
| Tax Assessment Amount: | $51,600.00 |
| Tax Total Finished Sq Ft: | 1,680 |
| Listing Tax: | 43-5338-03-30-2005 |
| Auto Update Tax Data Yn: | Yes |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Assessor |
| Lot Size Units: | Square Feet |
| Number Of Units Leased: | 2 |
| Pool Types: | No Pool |
| Sewer: | Public Sewer |
| Price Per Square Foot: | $166.61 |
| Short Sales: | No |
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Property Last Updated: October 08, 2026 05:19 PM - ET
