2693 W Philadelphia Avenue
OLEY, PA 19547
- – beds
- – baths
- 6,450 sqft
- 15,245 sqft lot
- $178 per sqft
- 1890 build
We are thrilled to share some fantastic news with you! Our latest project, a completely renovated 6-unit apartment building located in the charming town of Oley, PA, Berks County, is now ready to dazzle and impress. Unique opportunity for a multiunit property in this beautiful country setting. Projected annual income after expenses is over $101,000! That’s an impressive 9 CAP. This stunning building offers a variety of units ranging from cozy studios to spacious 4-bedroom apartments, each meticulously designed with modern elegance and functionality in mind. The units feature beautifully tiled bathrooms that exude a sense of luxury, and kitchens adorned with sleek granite countertops, pristine white shaker cabinets, and a mix of top-of-the-line stainless steel, black and white appliances – perfect for those who appreciate a touch of sophistication in their living space. To ensure ultimate comfort and convenience, we've installed brand new hot water baseboard combi boilers that provide on-demand hot water for showers, making everyday living a breeze. Additionally, the building has gone through significant upgrades, including new plumbing, electrical systems, and energy-efficient windows to enhance the overall living experience and reduce utility costs for tenants. We invite you to take a closer look at these exceptional units and experience firsthand the quality and attention to detail that sets this property apart. It's a fantastic opportunity for both realtors seeking prime rental options and investors looking to expand their portfolio with a high-value asset. The location in Oley, PA, adds to the appeal, offering a peaceful and welcoming community atmosphere, while still being conveniently close to major highways and amenities. Don't miss out on this exciting opportunity! We look forward to hearing from you and welcoming you to explore all that this remarkable apartment building has to offer.
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Last updated Mar 23, 2025
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MLS# PABK2054782 —
The Building
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Year Built:1890
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Year Built Source:Estimated
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Year Major Reno/Remodel:2024
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Roof:Metal, Asphalt
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New Construction:No
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Construction Materials:Brick, Masonry, Metal Siding, Rock, Stone
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Building Levels:3
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Building Units Total:4
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Structure Type:Detached
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Historic:No
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Architectural Style:Traditional
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Window Features:ENERGY STAR Qualified, Energy Efficient, Double Pane, Double Hung, Insulated, Low-E, Screens, Transom, Vinyl Clad
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Combination, Dirt Floor, Full, Outside Entrance, Poured Concrete, Unfinished
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Building Winterized:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt:1800
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Total Below Grade SqFt Source:Estimated
Interior
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Interior Features:Additional Stairway, Combination Kitchen/Dining, Curved Staircase, Entry Level Bedroom, Flat, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Galley, Studio, Upgraded Countertops, Water Treat System
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Room Count:36
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Flooring Type:Vinyl, Luxury Vinyl Plank
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Fireplace:No
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Wall & Ceilings:Dry Wall, Other
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:8250
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Living Area SqFt:6,450 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, Other
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Possession:0-30 Days CD
Location
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Directions:RT 73 to Oysterdale Rd right on corner. Across from the Bridge Inn.
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Cross Street:Oysterdale And Covered Bridge Rds And 73
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Latitude:40.38429000
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Longitude:-75.73224000
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Location Type:Rural
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Property Condition:Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.35
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot Features:Adjoins - Open Space
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Lot SqFt:15,245 Sqft
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Inclusions:All appliances and LP tanks( Tanks are owned not leased)
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Exclusions:None
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Zoning Description:Offically called LB(local Business) Building zoned Residential and Commercial acording to township and LTL Consultents (codes)
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Zoning:LB
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Road Frontage Length:238
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Road Surface Type:Black Top, Paved
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Road Responsibility:Boro/Township
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View:Garden/Lawn, Mountain, Pasture, Street
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Outdoor Living Structures:Breezeway, Patio(s), Porch(es)
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Soil Types:Unknown
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:4124
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 783-6721
- Office phone:
- (610) 743-3310
Taxes
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Tax ID Number:67-5368-01-19-9262
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Tax Year:2024
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Tax Lot:9262
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Tax Annual Amount:$4,240
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Tax Assessed Value:$95,000
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Year Assessed:2025
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School Tax:2958.0
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County Tax:856.00
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City/Town Tax:426.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Hot Water, Baseboard - Electric
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Heating Fuel:Propane - Owned, Electric
Utilities
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Utilities:Above Ground, Electric Available, Propane
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Sewer/Septic:On Site Septic
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Electric Service:200+ Amp Service
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Hot Water:Propane
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Water Source:Well
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Internet Services:Cable, DSL, Fiber Optic
Appliances
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Appliances:Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dual Flush Toilets, Energy Efficient Appliances, ENERGY STAR Freezer, ENERGY STAR Refrigerator, Instant Hot Water, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Water Heater, Water Heater - High-Efficiency, Water Heater - Tankless
Schools
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Elementary School:Oley Valley
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Middle School:Oley Valley
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High School:OLEY VALLEY
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School District Name:Oley Valley
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School District Source:Listing Agent
The Community
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Exterior Features:Exterior Lighting, Fire Escape, Gutter System, Outbuilding(s)
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:No
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Cap Rate:9.01
Parking
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Total Garage and Parking Spaces:12
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Garage:No
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Type of Parking:Parking Lot
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Parking Features:Crushed Stone, Assigned, Gravel Driveway
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Assigned Spaces Count:12
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Parking Lot - # of Spaces:12
Extra Units
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# of Units:1
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
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Vacation Rental:No
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Units Furnished:None
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Single Room Units:1
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One Bedroom Units:1
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Three Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/20/25
Mar 20, 2025
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Listed / Active | BRIGHT | $1,150,000 |