197 Old Friedensburg Rd

2
Baths
1,680 Sq. Ft.
$167 / Sq. Ft.
1,680
Sq. Ft.
$167
per Sq. Ft.

Description

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...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.
  1. Listed by Chris Marrella • Keller Williams Platinum Realty - Wyomissing
    P: (609)-442-9946 chris.marrella@kw.com

Property Details for 197 Old Friedensburg Road

Tax ID Number
43-5338-03-30-2005
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Municipality
EXETER TWP
Total Parking Spaces
4
LISTING UPDATED: 05/21/2026 07:53 PM

Property Details for 197 Old Friedensburg Road

StatusActive
MLS #PABK2072440
Days on Market14
Taxes$2,574 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1950
Lot Size0.09 AC / 3,920 SF
CountyBerks County

Location

Listing Courtesy of Keller Williams Platinum Realty - Wyomissing
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Building Information for 197 Old Friedensburg Road

Stories-Residences2Year Built1950Building Size-Lot Size0.09 AC / 3,920 SF

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Property Information for 197 Old Friedensburg Road

Location
Location
  • School District Name: EXETER TOWNSHIP
  • School District County ID: 300200397319
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Exeter Twp (10243)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $51,600
  • Year Assessed: 2026
  • County Tax: $465
  • Improvement Assessed Value: $20,700
  • City Town Tax: $200
  • Land Assessed Value: $30,900
  • Clean Green Assessed: No
  • Land Use Code: 132
  • Zoning: RESIDENTIAL
  • Tax Lot: 2005
  • School Tax: $1,909
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 2
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 2
  • Full Baths Count: 1
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,680.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 4821879
Parking
Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 4
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Wall Unit
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Well, Filter
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 197 Old Friedensburg Road

DateEvent & SourcePriceAppreciation
May 21, 2026

Listed (Active)

BRIGHT #PABK2072440

$279,900
Jul 13, 2023

Closed

BRIGHT #PABK2030324

$230,000
Jul 5, 2023

Closed (Public Record)

Public Record #11014910921

$230,000
DateEvent & SourcePrice
05/21/2026

Listed (Active)

BRIGHT #PABK2072440

$279,900
07/13/2023

Closed

BRIGHT #PABK2030324

$230,000
07/05/2023

Closed (Public Record)

Public Record #11014910921

$230,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 197 Old Friedensburg Road

Taxable ValueLand$30,900Additions$20,700Total$51,600
Tax Record2026$857 ($71 / month)
Home Facts
Baths1Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2Lot Size3,920 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950CountyBERKSAPN43533803302005

Schools near 197 Old Friedensburg Road

This home is within Exeter Township School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Owatin Creek Elementary School
PublicK to 4

Exeter Twp Junior High School
Public7 to 8

Exeter Twp Senior High School
Public9 to 12

Reiffton School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

197 Old Friedensburg Road is a multi-family home for sale in Reading, PA 19606. This property was listed for sale on May 21, 2026 by Keller Williams Platinum Realty - Wyomissing, it's currently listed at $279,900. It has been on the market for a total of 14 days and was last sold on July 13, 2023. This listing's school district is Exeter Township School District. Nearby schools include Owatin Creek Elementary School, Exeter Twp Junior High School and Exeter Twp Senior High School. 197 Old Friedensburg Road is a 4-bed, 2-bath, 1,680 sqft multi-family home built in 1950.

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Listing Courtesy of Keller Williams Platinum Realty - Wyomissing

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.