Pending

$279,900

197 Old Friedensburg Rd, Reading, PA 19606

4beds

2baths

1,680sqft

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Duplex

Built in 1950

-- sqft lot

$-- Zestimate^®

$167/sqft

$-- HOA

What's special

New windowsGenerously sized eat-in kitchenFamily roomFresh drywall and paintNewly renovated first floorCustom tile shower

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.

34 days

1,516

86

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Basement

Area: 0

Heating

Baseboard, Wall Unit, Electric

Cooling

Window Unit(s), Electric

Appliances

Included: Electric Water Heater

Features

Flooring: Carpet, Luxury Vinyl
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,680
Total interior livable area: 1,680 sqft

Property

Parking

Total spaces: 4
Parking features: Driveway
Uncovered spaces: 4

Accessibility

Accessibility features: None

Features

Pool features: None

Lot

Size: 3,920 Square Feet

Details

Additional structures: Above Grade, Below Grade
Parcel number: 43533803302005
Zoning: RESIDENTIAL
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Duplex

Materials

Block
Foundation: Other

Condition

New construction: No
Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Well, Filter

Community & HOA

Location

Region: Reading
Municipality: EXETER TWP

Financial & listing details

Price per square foot: $167/sqft
Tax assessed value: $51,600
Annual tax amount: $2,574
Date on market: 5/21/2026
Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

$1,831/mo

Price history

Date	Event	Price
6/23/2026	Pending sale	$279,900$167/sqft
Source: Bright MLS #PABK2072440 Report a problem
6/22/2026	Listing removed	$279,900$167/sqft
Source: Bright MLS #PABK2072440 Report a problem
5/21/2026	Listed for sale	$279,900+21.7%$167/sqft
Source: Bright MLS #PABK2072440 Report a problem
7/13/2023	Sold	$230,000$137/sqft
Source: Bright MLS #PABK2030324 Report a problem
5/31/2023	Pending sale	$230,000+7%$137/sqft
Source: Bright MLS #PABK2030324 Report a problem
5/30/2023	Listing removed	--
Source: Berkshire Hathaway HomeServices Homesale Realty Report a problem
5/22/2023	Listed for sale	$215,000+34.4%$128/sqft
Source: Bright MLS #PABK2030324 Report a problem
8/10/2021	Sold	$160,000-8.6%$95/sqft
Source: Bright MLS #PABK2000512 Report a problem
7/5/2021	Listed for sale	$175,000$104/sqft
Source: Coldwell Banker Hearthside #PABK2000512 Report a problem
7/4/2021	Contingent	$175,000$104/sqft
Source: Bright MLS #PABK2000512 Report a problem
6/25/2021	Listed for sale	$175,000+84.2%$104/sqft
Source: Bright MLS #PABK2000512 Report a problem
12/24/2013	Sold	$95,000+72.7%$57/sqft
Source: Agent Provided Report a problem
10/21/2013	Sold	$55,000-42.1%$33/sqft
Source: Public Record Report a problem
8/14/2006	Sold	$95,000$57/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,561 +4.5%	$51,600
2024	$2,450 +3.4%	$51,600
2023	$2,370 +1.1%	$51,600
2022	$2,344 +1.5%	$51,600
2021	$2,308 +1.1%	$51,600
2020	$2,283 +1.1%	$51,600
2019	$2,257 +0.3%	$51,600
2018	$2,251 +1.5%	$51,600
2017	$2,218 +313%	$51,600
2016	$537 +3.7%	$51,600
2015	$518	$51,600
2014	--	$51,600
2013	--	$51,600
2012	--	$51,600
2011	--	$51,600
2010	--	$51,600
2009	--	$51,600
2008	--	$51,600
2007	--	$51,600

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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