Two-Unit Duplex With Detached
For Sale
$314,900
1237 CARBON Street, Reading, PA 19601
MULTI_FAMILY - Other - READING, PA
Property Size2,060 SF
Lot Size0.16 Acres
Price / SF$152.86
Days on Market8
Property Features for 1237 CARBON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
6
Parking features
Driveway, On Street, Garage - Detached
Subdivision
NONE AVAILABLE
Elementary school district
READING
Middle school district
READING
High school district
READING
Standard status
Active
Size
2,060 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3550
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1950
Number of units
2
Building materials
Block
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Berks
(484) 450-8771
Listed By:
Justin M Crossley · License #AB067575
(610) 451-2169
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 31 at 12:06AM
MLS# PABK2075876
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes a two-story main house with three bedrooms and 1.5 bathrooms, with one bedroom described as a small walkthrough better suited as an office. The second unit is a 2-bedroom, 1-bath apartment located above a detached two-car garage. The apartment was completely remodeled in 2021–2022.
The property is located at 1235–1237 Carbon Street in an established neighborhood in Reading, PA. Public remarks note access to a neighborhood trail connecting Glenside Park to Blue Marsh Lake, along with nearby routes including Rt 12, Rt 222/422, and Rt 183.
The layout supports two separate living spaces within one duplex structure, with the garage positioned beneath the upper apartment.
The property is located at 1235–1237 Carbon Street in an established neighborhood in Reading, PA. Public remarks note access to a neighborhood trail connecting Glenside Park to Blue Marsh Lake, along with nearby routes including Rt 12, Rt 222/422, and Rt 183.
The layout supports two separate living spaces within one duplex structure, with the garage positioned beneath the upper apartment.
Key Highlights
- 1950‑built block construction home with basement and window unit cooling
- Front main house: 3BR and 1.5BA two‑story layout with baseboard hot water heating
- Additional apartment: 2BR/1BA, 800 SF, located over the 2‑car detached garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $14.64 |
| − Vacancy | −$1.1k | −$0.56 |
| EGI | $29.0k | $14.08 |
| − OpEx | −$8.7k | −$4.23 |
| NOI | $20.3k | $9.86 |
2,060 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$290.1K
$253.9K – $338.5K
NOI $20,309 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,751 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$338.2K
$295.9K – $394.5K
NOI $23,672 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with a 2-car detached garage and a remodeled second-unit apartment above it.
Where is this duplex located?
The property is located at 1237 CARBON Street Reading, PA.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 1950‑built block construction home with basement and window unit cooling; Front main house: 3BR and 1.5BA two‑story layout with baseboard hot water heating; Additional apartment: 2BR/1BA, 800 SF, located over the 2‑car detached garage
