197 Old Friedensburg Road Reading, PA 19606

Building Details

Year Built

1950

Listing office Keller Williams Platinum Realty - Wyomissing c***@kw.com Show Phone

Listing date May 21, 2026

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Investment Insights

Based on property information with market context.

This is a fully-leased, two-unit property, offering an investment opportunity in the Exeter School District. Each unit features two bedrooms and one bathroom. The first-floor apartment has been renovated and includes a custom tile shower, a stackable washer/dryer, new windows, fresh drywall and paint, and an eat-in kitchen and family room. This unit is currently rented for $1,400 per month, with the owner covering the electric bill. The second-floor unit is occupied by a long-term tenant who pays $1,200 per month plus utilities. The owner is responsible for the sewer, which averages $100-$120 per month. The well water is treated with a UV light filtration system. Both tenants are currently on a month-to-month lease. The property generates a gross annual income of $31,200. The property size is 1680 square feet.

Key Highlights

• Turn‑key investment property with immediate cash flow.
• Located in the desirable Exeter School District.
• Fully leased 2‑unit property with $31,200 gross annual income.

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FAQs

What type of property is this?

Duplex - Fully leased duplex in Exeter School District with immediate cash flow.

Where is this duplex located?

The property is located at 197 Old Friedensburg Road Reading, PA.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: Turn‑key investment property with immediate cash flow.; Located in the desirable Exeter School District.; Fully leased 2‑unit property with $31,200 gross annual income.