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.
Pending
$179,900
140 W Oley St, Reading, PA 19601
4beds
2baths
2,073sqft
Townhouse
Built in 1900
-- sqft lot
$-- Zestimate®
$87/sqft
$-- HOA
What's special
Detached garageFront porch
- 18 days
- 1,031
- 56
Zillow last checked:
Listing updated:
Listed by:
CORINNA BORTZ 570-809-4500,
Daryl Tillman Realty Group 6109850224
Source: Bright MLS,MLS#: PABK2078950
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Basement
- Area: 1000
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,073
- Total interior livable area: 2,073 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Rear, Detached, On Street
- Garage spaces: 1
- Has uncovered spaces: Yes
- Details: Garage Sqft: 300
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 1,742 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 15530757542080
- Zoning: R-3 RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Stone
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available
Community & HOA
Location
- Region: Reading
- Municipality: READING CITY
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $26,000
- Annual tax amount: $1,210
- Date on market: 10/1/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 24000
- Income includes: Apartment Rentals
Estimated market value
Not available
Estimated sales range
Not available
$1,760/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2026 | Pending sale | $179,900$87/sqft |
Source:  Bright MLS #PABK2078950 Report a problem | ||
| 10/1/2026 | Listed for sale | $179,900+190.2%$87/sqft |
Source: Bright MLS #PABK2078950 Report a problem | ||
| 7/14/2011 | Listing removed | $62,000$30/sqft |
Source: Century 21 Park Road #5780164 Report a problem | ||
| 10/2/2010 | Listed for sale | $62,000$30/sqft |
Source: Century 21 Park Road #5780164 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,172 +1.5% | $26,000 |
| 2024 | $1,155 +1.6% | $26,000 |
| 2023 | $1,137 | $26,000 |
| 2022 | $1,137 | $26,000 |
| 2021 | $1,137 +1% | $26,000 |
| 2020 | $1,125 +141.4% | $26,000 |
| 2019 | $466 | $26,000 |
| 2018 | $466 -58.3% | $26,000 |
| 2017 | $1,118 +139.8% | $26,000 |
| 2016 | $466 -20.7% | $26,000 |
| 2015 | $588 | $26,000 |
| 2014 | -- | $26,000 |
| 2013 | -- | $26,000 |
| 2012 | -- | $26,000 -44.2% |
| 2011 | -- | $46,600 |
| 2010 | -- | $46,600 |
| 2009 | -- | $46,600 |
| 2008 | -- | $46,600 |
| 2007 | -- | $46,600 |
| 2006 | -- | $46,600 |
| 2005 | -- | $46,600 |
| 2004 | -- | $46,600 |
| 2003 | -- | $46,600 |
| 2002 | -- | $46,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 19601
Nearby schools
Schools provided by the listing agent
- District: Reading
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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