Duplex with Garage
For Sale
$309,900
1237 CARBON Street, Reading, PA 19601
Multi-Family, READING, PA
Property Size2,060 SF
Lot Size0.16 Acres
Price / SF$150.44
Days on Market75
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: Oct 5
Last Checked: Oct 6 at 7:06AM
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 1950-built duplex contains a two-story, three-bedroom, 1.5-bath main house and a separate two-bedroom, one-bath apartment above a detached two-car garage. The apartment measures 800 square feet and was remodeled in 2021/2022. The property has 2,060 square feet of building area on a 0.16-acre lot. Heating is provided by hot water and baseboard systems, with window-unit cooling. Parking includes a driveway, on-street spaces, and the detached garage.
A neighborhood trail connects Glenside Park with Blue Marsh Lake. Gring's Mill is 3 miles away, and the Thun Trail is also identified as a nearby outdoor destination. Routes 12, 222/422, and 183 provide regional road access.
A neighborhood trail connects Glenside Park with Blue Marsh Lake. Gring's Mill is 3 miles away, and the Thun Trail is also identified as a nearby outdoor destination. Routes 12, 222/422, and 183 provide regional road access.
Key Highlights
- Two‑story main house with 3 bedrooms and 1.5 bathrooms
- Separate 2‑bedroom, 1‑bath apartment with 800 square feet
- Apartment remodeled in 2021/2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,309
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,180
$406.2K
Cap Rate 7%
$290,129
$290.1K
Cap Rate 9%
$225,656
$225.7K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$30.2K $14.64/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$29.0K $14.08/SF
− OpEx
−$8.7K −$4.23/SF
NOI
$20.3K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,180
Cap Rate 7%
$290,129
Cap Rate 9%
$225,656
Alternative Uses
Best Use
Multifamily LT 5
$290.1K
$253.9K – $338.5K
NOI $20,309 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,751 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$338.2K
$295.9K – $394.5K
NOI $23,672 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
573
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces include a remodeled apartment above a detached garage.
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 $309,900.
What are key features of this property?
This property features: Two‑story main house with 3 bedrooms and 1.5 bathrooms; Separate 2‑bedroom, 1‑bath apartment with 800 square feet; Apartment remodeled in 2021/2022
