Duplex with Detached Multi-Car
238 BROWN STREET, Spring City, PA 19475
For Sale
$599,000
Duplex-zoned property includes a finished basement unit, separate entrances, and updated mechanical systems.
Property Size3,470 SF
Price / SF$172.62
Days on Market47
Property Features for 238 BROWN STREET
General Information
Standard status
Size
Property subtype
Additional Details
Unit Mix
Building Details
Year Built
Listing Agency:
Signature Properties Group LLC
(610) 983-3045
Listed By:
Trish C Puleo · License #RM422231
(610) 952-1097
Source:
Cummingsrealtors
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 6 at 9:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Properties Group LLC
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Investment Insights
Based on property information with market context.
Built in 1812, this 3,470-square-foot property is configured as a duplex with a 4-bedroom residence and a separate 2-bedroom residence. The finished lower level adds an efficiency unit with its own entrance, full bathroom, kitchenette, fireplace, and living area. A finished attic provides additional usable space, while multiple private entrances support the existing configuration.
Major mechanical improvements include 14 mini-split units for heating and cooling, a propane heating system, an on-demand hot water heater, and three keyless entry systems. Exterior improvements include a detached multi-car garage and four additional off-street parking spaces. The property is currently zoned as a duplex, with layouts that can be reconfigured within the existing structure.
Major mechanical improvements include 14 mini-split units for heating and cooling, a propane heating system, an on-demand hot water heater, and three keyless entry systems. Exterior improvements include a detached multi-car garage and four additional off-street parking spaces. The property is currently zoned as a duplex, with layouts that can be reconfigured within the existing structure.
Key Highlights
- Duplex zoning with a 4‑bedroom unit and a separate 2‑bedroom unit
- Finished lower level with private entrance, full bathroom, kitchenette, fireplace, and living space
- 14 mini‑split units provide heating and cooling throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,874
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,480
$797.5K
Cap Rate 7%
$569,629
$569.6K
Cap Rate 9%
$443,044
$443.0K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$66.6K $19.20/SF
− Vacancy
−$9.7K −$2.78/SF
EGI
$57.0K $16.42/SF
− OpEx
−$17.1K −$4.92/SF
NOI
$39.9K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,480
Cap Rate 7%
$569,629
Cap Rate 9%
$443,044
Alternative Uses
Best Use
Multifamily LT 5
$569.6K
$498.4K – $664.6K
NOI $39,874 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$537.5K
$470.3K – $627.1K
NOI $37,627 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.05M
$920.6K – $1.23M
NOI $73,645 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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Business Placement
Demographics for 19475, PA
12,028
Population
5,154
Households
2.3
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
16.5 sq mi
ZIP Area
729
Density / Sq Mi
$92,140
Median Household Income
$60,409
Median Earnings
$948
Median Rent
$362,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Chester County, PA
Properties on Market for Duplexes in Chester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex-zoned property includes a finished basement unit, separate entrances, and updated mechanical systems.
Where is this duplex located?
The property is located at 238 BROWN STREET Spring City, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex zoning with a 4‑bedroom unit and a separate 2‑bedroom unit; Finished lower level with private entrance, full bathroom, kitchenette, fireplace, and living space; 14 mini‑split units provide heating and cooling throughout the property
