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Sold on 07/09/2024

1235 Spring St, Reading, PA 19604

$301,000

Last sold 07/09/2024 for $265K

  • —

    bed

  • —

    bath

  • 2,612

    Sqft ($101/Sqft)

Multi-family not for sale
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About 1235 Spring St

Property type Multi-family
Neighborhood
Year built 1890
HOA fee $0/month
Lot size 1,307 Sqft
Movoto estimate
Rental estimate
Property description
Excellent opportunity to own an investment property. Large 3 unit plus rented garage that is very close to 13th St. The interior has had a lot of recent refreshing with new paint and some new carpet. Two of the units are vacant so you can choose your own tenants. Basement apartment and garage are rented. Gas heat and gas hot water. Very reasonable taxes.
Listed by
Listing Agent - David M Mattes
Listing Office - RE/MAX Of Reading
Source: Bright MLS mls logo
MLS#PABK2042904 • last updated 2 years ago
Movoto checked Bright MLS for data 7 minutes ago
Overview
Cooling/AC Wall Unit, Electric
Heating Natural Gas
Levels/Style Traditional
Type Multi-Family
SubType Triplex
Status Closed
SqFt 2612
Lot Size (SqFt) 1306
Lot Size (Acres) 0.03
County Tax 397, Annually
City/ Town Tax 941
School Tax Annually, 931
Tax: Assessed Value 51900
Annual Property Tax 2269
Year Built 1890
Condition Average, Good
Municipality READING CITY
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Fully Finished
Appliances Oven/Range - Electric, Refrigerator
Walls/ Ceilings Dry Wall, Plaster Walls
Accessibility Features None
Exterior
Roof Pitched, Rubber, Slate, Asphalt
Construction Brick
Foundation Stone
Parking Desc On Street
Exterior Features Sidewalks
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Utilities Cable TV Available
Sewer/ Septic Public Sewer
Pool No Pool
Location
Water Source Public
High School READING SENIOR
School District READING
Location Urban
Directions From Penn St, Left Onto N 3rd St, Right Onto Spring St, House Is On The Corner Of Spring & Birch Streets
Zoning 138 R
Multifamily Details
# 1-Bedroom Units 1
# 2-Bedroom Units 1
# 3-Bedroom Units 1
# Units Furnished None
# Units Vacant 2
Gross Income 34500
Net Operating Income 5871
Expense: Insurance 867
Operating Expense 5871
Cap Rate 11
Gross Scheduled Income 34500
$301K
Range: $207K-$394K
Last 30 days 
Rental est.: $1,224/month
Gross rent multiplier: 18.0
  • Jul 2024
    mls logo MLS # PABK2042904
  • Jul 10, 2024 Sold
    $265,000
  • May 20, 2024 Pending
    —
  • May 8, 2024 Listed
    $269,900 (+462.3%)
  • Jul 2024
    Public Records
  • Jul 9, 2024 Sold
    $265,000 (-1.8%)
  • Jun 2009
    Public Records
  • Jun 30, 2009 Sold
    $48,000
  • Jun 2009
    mls logo MLS # 1005206042
  • Jun 24, 2009 Sold
    $48,000 (-14.1%)
  • Apr 1, 2009 Listed
    $55,900 (-30.2%)
  • Jul 2005
    Public Records
  • Jul 25, 2005 Sold
    $80,030
  • Jun 2005
    mls logo MLS # 4515275
  • Jun 16, 2005 Sold
    $80,030
  • Apr 14, 2005 Listed
    $80,030 (+154.1%)
  • Sep 2002
    Public Records
  • Sep 6, 2002 Sold
    $31,500
  • Aug 2002
    mls logo MLS # 4110494
  • Aug 26, 2002 Sold
    $31,500
  • Jul 31, 2002 Listed
    $31,500
  • Year Property taxes Tax assessment
  • 2025
    $1,409 +2.5%
    $51,900
  • 2024
    $1,374
    $51,900
  • 1235 Spring St
    $265K
  • Northeast Reading
    $185K -7% y/y
  • 19604
    $184K -4% y/y
  • Reading
    $255K -5% y/y
No chart available
Statistics calculated by Movoto

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3/10
Thirteenth & Union El School
public Grades PK, K-4
Reading School District
5/10
Northeast Middle School
public Grades 5-8
Reading School District
2/10
Reading Senior High School
public Grades 9-12
Reading School District
Source: GreatSchools.org © 2026. All rights reserved.

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 9/3/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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