140 W Oley St, Reading, PA 19601

$179,900
: 2,073
SqFt

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List Price: $179,900
Status: ACTIVE
MLS#: PABK2078950
Subtype: Multi-Family
Style: Victorian
Year Built: 1900
Living Area: 2,073
Lot Size: 1,742
Acres: 0.04
MLS Area Major: Reading City (10201)

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Property Description

Investors—take a look at this 2-unit property with immediate rental income and additional income potential! Both units offer 2 bedrooms and 1 full bath. The first-floor unit is currently rented for $1,000/month, while the second unit is vacant. The vacant unit was also rented for $1,000/month until last month, providing a clear opportunity to bring the property back to $2,000/month in potential gross rental income when both units are occupied. Recent updates include gas furnaces installed in 2026 and water heaters installed in 2023, adding value and peace of mind for the next owner. The property also features a detached garage and front porch and is located in Reading’s Queen Anne Historic District. A great opportunity for an investor looking to add a two-unit property to their portfolio, or an owner-occupant looking to live in one unit while the other helps offset their housing expenses. With one unit already producing rental income and the second ready for a new tenant, this property offers flexibility and income potential from day one.

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Additional Information

Taxes: $1,210
Property Description: Victorian
Zoning: R-3 RESIDENTIAL
Heating: Hot Water
Air Conditioning: None
Foundation: Stone
Garage Spaces: 1
School District: Reading
View: City