5370 Oley Turnpike Road

Closed 3/31/16

Last Sold Price

$385,000

12 beds8 baths8,400 sqft$46/sqft

5370 Oley Turnpike Rd, Reading, PA 19606

Description

Rare opportunity to own a 8 unit Exeter Township suburban fully occupied apartment building. 4-2BR and 4-1BR apartments all under one roof. Situated on a conveniently located 3 plus acre lot. Most are long term tenants under annual auto renewing 1 year leases. This 3 story building offers plenty of off street parking in both front and back. On site well and septic, all separate electric meters (9 total includes 1 owner's) and each unit has its own hot water heater. Tenants pay their own utilities....Rare opportunity to own a 8 unit Exeter Township suburban fully occupied apartment building. 4-2BR and 4-1BR apartments all under one roof. Situated on a conveniently located 3 plus acre lot. Most are long term tenants under annual auto renewing 1 year leases. This 3 story building offers plenty of off street parking in both front and back. On site well and septic, all separate electric meters (9 total includes 1 owner's) and each unit has its own hot water heater. Tenants pay their own utilities. Don't miss out on this income producing opportunity schedule your showing today.

LISTING CLOSED: 03/31/2016 12:00 AM

Listed by Edwin R Spayd • RE/MAX Of Reading
P: (610) 670-2770 espayd@goberkscounty.com

Property Details for 5370 Oley Turnpike Road

Status

Closed

MLS #

1002654140

Days on Market

151

Taxes

$10,857 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi-Family / Fee Simple

Year Built

1979

Lot Size

3.16 AC / 137,650 SF

County

Berks County

Tax ID Number

43-5337-04-71-8514

Ownership

Fee Simple

Condo Coop Association

HOA

Structure Type

Detached

Style

Other

Waterfront

Garage

Subdivision

NONE AVAILABLE

Subdivision

NONE AVAILABLE (BERKS PA)

Cross Street

OLEY TURNPIKE

Municipality

EXETER TWP

Central Air

Basement

Yes

Above Grade Finished SQFT

8,400.00

Above Grade Fin SQFT Source

Estimated

New Construction

Construction Completed

Property Condition

Good

Recent comparable sales

Median sold price

$419,900

Avg days on market

Sale-to-list ratio

97.5%

1/27

$576,000

Sold 01/14/25

13
Bedrooms: 8
Bathrooms: 6,000
Square Feet: 0.18
Acres

1031 Penn Street, Reading, PA 19601

$1,102,308

Sold 07/31/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 9,508
Square Feet: 9.1
Acres

485 Walnut Road, Reading, PA 19606

1/25

$279,900

Sold 07/29/26

4
Bedrooms: 2
Bathrooms: 1,680
Square Feet: 0.09
Acres

197 Old Friedensburg Road, Reading, PA 19606

a view of a house with a yard porch and sitting area

1/31

$315,000

Sold 05/21/26

4
Bedrooms: 2
Bathrooms: 1,620
Square Feet: 0.1
Acres

105 Parkview Avenue, Reading, PA 19606

1/39

$419,900

Sold 09/25/25

3
Bedrooms: 3
Bathrooms: 2,655
Square Feet: 0.26
Acres

1110 Strawberry Run, Reading, PA 19606

1/45

$435,000

Sold 04/11/25

4
Bedrooms: 3
Bathrooms: 2,500
Square Feet: 0.27
Acres

1123 Pepper Ridge Drive, Reading, PA 19606

1/55

$425,000

Sold 06/11/25

4
Bedrooms: 3
Bathrooms: 1,848
Square Feet: 0.27
Acres

1109 Stonehenge Drive, Reading, PA 19606

1/66

$404,900

Sold 11/26/24

3
Bedrooms: 3
Bathrooms: 1,812
Square Feet: 1.19
Acres

5060 Oley Turnpike Road, Reading, PA 19606

1/41

$365,000

Sold 01/22/25

4
Bedrooms: 2
Bathrooms: 2,108
Square Feet: 0.33
Acres

1029 Hickory Lane, Reading, PA 19606

Get preapproved with Rocket Mortgage¹

Location

Listing Courtesy of RE/MAX Of Reading

Sold By RE/MAX Of Reading

Add your commute

Building Information for 5370 Oley Turnpike Road

Stories-Residences-Year Built1979Building Size-Lot Size3.16 AC / 137,650 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage¹

$2,862 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,957

Property Taxes

$905

HOA Dues

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Property Information for 5370 Oley Turnpike Road

Location

School District Name: EXETER TOWNSHIP
School District County ID: 300200397319

County: BERKS
MLS Area: Exeter Twp (10243)

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

Tax Year: 2016
Tax Assessed Value: $259,300

Improvement Assessed Value: $180,300
Land Assessed Value: $79,000
Zoning: RES
Tax Lot: 8514

Lease Information

Concessions: No

Unit Information

One Bedroom Units Count: 4
Two Bedroom Units Count: 4

Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7

Rooms

Room List: Primary Bedroom

Multi Family

Unit 1

Type: Unit 1
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 1080
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 4

Unit 2

Type: Unit 4
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 1227
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 4

Unit 3

Type: Unit 6
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 541
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 3

Unit 4

Type: Unit 3
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 1350
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 4

Unit 5

Type: Unit 8
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 534
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 3

Unit 6

Type: Unit 2
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 1167
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 4

Unit 7

Type: Unit 5
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 445
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 3

Unit 8

Type: Unit 7
Unit Type Occupied YN: Yes

Unit Type Finished SQFT: 528
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Total Rooms: 8

Financial Information

Expenses

Insurance Expense: $3,302
Maintenance Expense: $6,032

Water Sewer Expense: $0
Annual Heating Expense: $0
Electric Expense: $292
Other Expense: $2,175
Annual Gross Expense: $22,560

Financial Information

Gross Income: $60,120

Building Info

Total Finished SQFT: 8,400.00
Total SQFT: 8,400.00

Construction Materials: Aluminum Siding, Stucco, Brick
Roof: Pitched, Shingle
Ext Main Mid-res: http://bright-media.brightmls.com/bright/images/0000/3006/5005/3924/300650053924_512_384_WM_WW3WEBRFNEoq9v6Y.jpg
Flooring Type: Fully Carpeted, Vinyl
Basement Type: Partial, Unfinished, Outside Entrance
Foundation Details: Stone

Lot / Land Information

Lot Size Dimensions: IRREG
Sign On Property: No

Parcel ID: 1511976

Parking

Type Of Parking: Parking Lot

Interior Features

Interior Features: Ceiling Fan(s)
Fireplace: No

Accessibility Features: None
Laundry Type: None
Virtual Tour URL Unbranded: http://tour.circlepix.com/home2/AS3YVN

Exterior Features

Exterior Features: Satellite Dish
Pool: No Pool

Other Structures: Above Grade

Utilities

Heating: Yes
Cooling Type: Wall Unit

Heating Type: Electric, Baseboard
Heating Fuel: Electric
Hot Water: Electric
Water Source: Well
Sewer Septic: On Site Septic
Electric Service: 100 Amp Service, Circuit Breakers

Confidential Data

Listing Office

List Agent AOR: Reading-Berks Association of REALTORS
List Agent URL: www.edspaydrealtor.com

Property History for 5370 Oley Turnpike Road

Date	Event & Source	Price	Appreciation
Mar 31, 2016	Closed (Public Record) Public Record #570327686	$385,000	—
Mar 31, 2016	Closed BRIGHT #1002654140	$385,000	—
Dec 7, 2015	Pending BRIGHT #1002654140		—
Jul 10, 2015	Listed (Active) BRIGHT #1002654140	$399,000	—
Dec 4, 2014	Expired BRIGHT #1007358390	$399,000	—
Jun 4, 2014	Listed (Active) BRIGHT #1007358390	$399,000	—

Date	Event & Source	Price
03/31/2016	Closed (Public Record) Public Record #570327686	$385,000
03/31/2016	Closed BRIGHT #1002654140	$385,000
12/07/2015	Pending BRIGHT #1002654140	—
07/10/2015	Listed (Active) BRIGHT #1002654140	$399,000
12/04/2014	Expired BRIGHT #1007358390	$399,000
06/04/2014	Listed (Active) BRIGHT #1007358390	$399,000

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

Public Records for 5370 Oley Turnpike Road

Taxable ValueLand$79,000Additions$180,300Total$259,300

Tax Record2026$3,617 ($301 / month)

Home Facts

Total Finished SqFt8,890 SqFtAbove Grade Finished SqFt8,890 SqFtStories2Lot Size137,650 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyBERKSAPN43533704718514

Schools near 5370 Oley Turnpike Road

This home is within Exeter Township School District.


Rating	School	Type	Grades	Distance
8/10	Owatin Creek Elementary School	Public - Serves this home	K to 4	1.3 mi
5/10	Exeter Twp Junior High School	Public - Serves this home	7 to 8	2.8 mi
8/10	Exeter Twp Senior High School	Public - Serves this home	9 to 12	2.9 mi
7/10	Reiffton School	Public - Nearby school	5 to 6	2.7 mi


Rating	School	Distance
8/10	Owatin Creek Elementary School PublicK to 4 Serves this home	1.3 mi
5/10	Exeter Twp Junior High School Public7 to 8 Serves this home	2.8 mi
8/10	Exeter Twp Senior High School Public9 to 12 Serves this home	2.9 mi
7/10	Reiffton School Public5 to 6 Nearby school	2.7 mi

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

New listings in 19606

Coming Soon

$244,900

3
Bedrooms: 2
Bathrooms: 1,560
Square Feet: 0.05
Acres

3452 Jacksonwald Avenue, Reading, PA 19606

$399,900 | 1 Ranor Court, Reading, PA 19606

1/29

Coming SoonOpen: 8/22 12:00PM - 03:00PM

$399,900

4
Bedrooms: 3
Bathrooms: 1,638
Square Feet: 0.29
Acres

1 Ranor Court, Reading, PA 19606

$695,000 | 15 Blue Ridge Drive, Reading, PA 19606

1/3

Coming Soon

$695,000

4
Bedrooms: 3
Bathrooms: 3,880
Square Feet: 0.52
Acres

15 Blue Ridge Drive, Reading, PA 19606

$279,900 | 59 Limekiln Road, Reading, PA 19606

1/26

Open: 8/22 02:00PM - 03:00PM

$279,900

3
Bedrooms: 1
Bathrooms: 1,240
Square Feet: 0.29
Acres

59 Limekiln Road, Reading, PA 19606

1/77

$1,295,000

5
Bedrooms: 5
Bathrooms: 7,429
Square Feet: 1.1
Acres

54 Glen Oley Drive, Reading, PA 19606

1/38

$409,900

3
Bedrooms: 2
Bathrooms: 1,955
Square Feet: 0.44
Acres

4400 Prestwick Drive, Reading, PA 19606

$315,000 | 923 North 25th Street, Reading, PA 19606

1/22

Open: 8/22 10:00AM - 12:00PM

$315,000

4
Bedrooms: 2
Bathrooms: 1,768
Square Feet: 0.22
Acres

923 North 25th Street, Reading, PA 19606

1/41

$349,900

4
Bedrooms: 3
Bathrooms: 2,927
Square Feet: 0.33
Acres

400 Friedensburg Road, Reading, PA 19606

$380,000 | 215 West 49th Street, Reading, PA 19606

1/3

Coming Soon

$380,000

3
Bedrooms: 2
Bathrooms: 1,927
Square Feet: 0.45
Acres

215 West 49th Street, Reading, PA 19606

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 5370 Oley Turnpike Road, Reading, PA 19606	$385,000	12	8	8,400	137,650
2 Beecham Road, Reading, PA 19606	$67,100	3	3	3,698	71,438
4 Beecham Road, Unit 4, Reading, PA 19606	$513,247	4	4	3,784	66,211
5300 Oley Turnpike Road, Reading, PA 19606	$265,000	4	2	1,595	134,164
Lot 13 Beecham Road, Reading, PA 19606	$67,100	–	–	–	71,438
1 Glen Oley Drive, Reading, PA 19606	$402,000	4	4	2,894	44,867
9 Glen Oley Drive, Reading, PA 19606	$750,000	6	7	6,156	121,097
5440 Oley Turnpike Road, Unit 5410, Reading, PA 19606	–	8	4	3,780	1,368,655
5440 Oley Turnpike Road, Reading, PA 19606	–	3	2	1,492	1,368,655
5280 Oley Turnpike Road, Reading, PA 19606	$211,000	3	3	2,112	66,211
5451 Oley Turnpike Road, Reading, PA 19606	$1,100,000	4	2	1,626	1,510,225
5452 Oley Turnpike Road, Reading, PA 19606	–	3	2	1,236	145,490
5454 Oley Turnpike Road, Reading, PA 19606	$259,900	3	3	2,020	56,628
Lot #17 Glen Oley Drive, Reading, PA 19606	$117,500	–	–	–	47,044
17 Glen Oley Drive, Reading, PA 19606	$65,000	–	–	–	54,014
8 Glen Oley Drive, Reading, PA 19606	$413,000	4	4	3,760	43,560

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Of Reading

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.

Reading, PA

Know your buying power with a preapproval and custom rate in minutes

Explore Nearby Homes

Homes in Nearby Exeter Township - Berks County Neighborhoods

Homes in Nearby Exeter Township - Berks County Cities

Homes in Nearby Exeter Township - Berks County Zip Codes