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.
Sold for $279,900
$279,900
197 Old Friedensburg Rd, Reading, PA 19606
4beds
2baths
1,680sqft
Duplex
Built in 1950
-- sqft lot
$-- Zestimate®
$167/sqft
$1,910 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,910/mo
Zestimate® history
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List your homeWhat's special
New windowsGenerously sized eat-in kitchenFamily roomFresh drywall and paintNewly renovated first floorCustom tile shower
Zillow last checked:
Listing updated:
Listed by:
Chris Marrella 609-442-9946,
Keller Williams Platinum Realty - Wyomissing,
Listing Team: Michele Mccartney - Chris Marrella Team
Bought with:
YUDELKA MONEGRO, RS370934
RE/MAX Of Reading
Source: Bright MLS,MLS#: PABK2072440
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
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Sold | $279,900$167/sqft |
Source:  Bright MLS #PABK2072440 Report a problem | ||
| 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
Neighborhood: 19606
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Nearby schools
GreatSchools rating
- 8/10Owatin Creek Elementary SchoolGrades: K-4Distance: 2.8 mi
- 5/10Exeter Twp Junior High SchoolGrades: 7-8Distance: 3.4 mi
- 8/10Exeter Twp Senior High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- District: Exeter Township
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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- Pennsylvania
- Berks County
- Reading
- 19606
- 197 Old Friedensburg Rd
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