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.
Multi-familyProperty Type
1950Year Built
3,920 sq ftLot Size
$167Price/Sq.Ft.
4 spacesParking
Listed by Chris Marrella• Keller Williams Platinum Realty - Wyomissing
Great duplex located in Exeter School District. This property offers a fantastic investment opportunity, featuring a one-bedroom unit and a two-bedroom unit. The first floor one bedroom unit features a large living room, an ample sized eat-in kitchen, a full bath and a spacious bedroom. The second floor two bedroom unit features a mudroom that leads you into the eat-in kitchen, a full bath, a living room and two nicely sized bedrooms. Outside, this property has ample parking space for up to four cars right in front. Other notable features include a durable rubber roof, which was done in 2010, public sewer, and a well system with a UV light. So don't miss out on this chance for a great investment in Exeter School District. Whether you're looking to live in one unit and rent out the other, or looking for some solid rental income, this property has lots of potential. Schedule a showing today! * * Highest and Best Offers due by Friday 5/26/ at 3pm * *
BRIGHT MLS #PABK2000512
Aug 10, 2021
Sold
$160,000
$95/sq ft
Jul 3, 2021
Contingent
—
Jun 25, 2021
Listed
$175,000
$104/sq ft
+7
TREND #6214541
Oct 11, 2013
Delisted
—
Oct 8, 2013
Sold
$55,000
$33/sq ft
Oct 2, 2013
Pending
—
Sep 22, 2013
Price Changed
$64,900
$39/sq ft
Aug 15, 2013
Price Changed
$74,900
$45/sq ft
Jul 23, 2013
Price Changed
$79,900
$48/sq ft
May 30, 2013
Price Changed
$84,900
$51/sq ft
May 1, 2013
Listed
$89,900
$54/sq ft
BRIGHT MLS #1003438902
Oct 8, 2013
Sold
$55,000
$33/sq ft
Sep 27, 2013
Listing Removed
—
May 1, 2013
Listed
$64,900
$39/sq ft
BRIGHT MLS #1008773804
Apr 5, 2013
Listing Removed
—
May 18, 2009
Listed
$99,900
$59/sq ft
Public Records
Aug 14, 2006
Sold
$95,000
$57/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,490 (+0.5%)
$30,900 + $20,700
$51,600
2025
$2,477 (+1.1%)
$30,900 + $20,700
$51,600
2024
$2,450 (+3.4%)
$30,900 + $20,700
$51,600
2023
$2,370 (+1.1%)
$30,900 + $20,700
$51,600
2022
$2,344 (+1.5%)
$30,900 + $20,700
$51,600
2021
$2,308 (+1.1%)
$30,900 + $20,700
$51,600
2020
$2,283 (+1.1%)
$30,900 + $20,700
$51,600
2019
$2,257 (+0.3%)
$30,900 + $20,700
$51,600
2018
$2,251 (+1.5%)
$30,900 + $20,700
$51,600
2017
$2,218 (+3.6%)
$30,900 + $20,700
$51,600
2015
$2,140 (+1.1%)
$30,900 + $20,700
$51,600
2014
$2,118 (+1.7%)
$30,900 + $20,700
$51,600
2013
$2,082 (+1.9%)
$30,900 + $20,700
$51,600
2012
$2,044 (+0.9%)
$30,900 + $20,700
$51,600
2011
$2,026 (+3.3%)
$30,900 + $20,700
$51,600
2010
$1,960
$30,900 + $20,700
$51,600
Public record
Public record
Zoning
Beds
1
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
—
Sq. Ft.
1,680
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Berks County
APN
43533803302005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
SR0
Suburban Residential District
It is the purpose of this district to maintain existing areas of medium-density residential development and to allow limited expansion of those areas. Density of development will vary with the availability of public sewage disposal and water facilities.
Permitted uses
Include but are not limited to:
Housing-Single unit
Public service
Communications tower
Park & open space
Property details
Parking
Parking Information
# of Total Garage and Parking Spaces: 4
Driveway - # of Spaces: 4
Driveway
Interior
Interior Information
Flooring Type: Carpet, Luxury Vinyl Plank
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: No
Multi Unit Information
# of Two Bedroom Units: 2
# of Units Leased: 2
Other Units: Unit 1,Unit 2
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $20,700
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 2
Construction Materials: Block
Foundation Details: Other
Other Structures: Above Grade, Below Grade
Structure Type: Detached
Lot Information
Tidal Water: No
Land Information
Land Assessed Value: $30,900
Above Grade Information
Finished Sq.Ft.: 1,680
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $200
County Tax: $465
School Tax: $1,909
Tax Assessed Value: $51,600
Tax Year: 2025
Tax Annual Amount: $2,574
Assessments Information
Year Assessed: 2026
Utilities
Utilities Information
Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Baseboard - Electric, Wall Unit
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Well, Filter
Location
School Information
School District Name: EXETER TOWNSHIP
School District Source: Listing Agent
Location Information
Directions: US-222 S, Keep left to continue on US-422 E, Take the exit toward Mt. Penn, Turn left onto E Neversink Rd (signs for St Lawrence/Mt Penn), Turn left onto Perkiomen Ave, Turn right onto Oley Turnpike Rd, Turn left onto Bingaman St, Slight right onto Butter Ln, Turn right onto Old Friedensburg Rd, Property will be on the right
Municipality: EXETER TWP
Public facts
Beds: 1
Baths: 2.0
Sq. Ft.: 1,680
Stories: 2.0
Lot Size: 3,920 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1950
Year Renovated: —
County: Berks County
APN: 43533803302005
Home facts updated by county records on Aug 31, 2026
Around this home
Schools
Owatin Creek Elementary School
Public K-4 • Assigned • 2.8mi
8/10
Exeter Twp Junior High School
Public 7-8 • Assigned • 3.4mi
5/10
Exeter Twp Senior High School
Public 9-12 • Assigned • 3.3mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
4/10 Wind Factor
13% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Reading, PA • 19606
Average low and high temperatures (°F)
33
21
38
25
57
37
65
45
70
54
82
63
86
68
80
62
77
60
67
48
54
39
39
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$271,000 – $327,000
Sell confidently with a local market expert in Reading.