401 E Lancaster Ave Reading, PA 19607
Estimated payment $3,004/month
Highlights
- Very Popular Property
- Colonial Architecture
- 1 Fireplace
- Rooftop Deck
- Wood Flooring
- Multiple Balconies
About This Home
Step into this exceptional corner property with lovely curb appeal in the heart of Shillington—a home that blends timeless charm with rare versatility. From the moment you arrive, the historic brick facade, accented by classic shutters, graceful columns, and dual balconies, sets the tone for the character found throughout. The main home welcomes you with a light-filled, eat-in kitchen featuring white cabinetry, generous counter space, and tile flooring. Original hardwood floors continue through the formal dining room and into the spacious living room, where a beautifully detailed brick gas fireplace creates a warm and inviting centerpiece. French doors lead to a bright home office with its own separate exterior entrance, offering an ideal setup for a small business or private workspace. The charm continues upstairs with four comfortable bedrooms and a full bath, while the fully remodeled walk-up attic offers a stunning additional bedroom with soaring 11-foot ceilings, new lighting, new carpeting, and abundant natural light—an unexpected retreat tucked beneath dramatic roof lines. Multiple heating sources, including gas radiant heat, mini-splits, and the gas fireplace, ensure year-round comfort. Outside, a private stone courtyard provides an inviting space for gathering, relaxing, or entertaining. Beyond the courtyard sits the spacious brick two-car detached garage with a private driveway. The property also includes a separate three-bedroom, one-bath rear apartment, complete with its own kitchen and living area—perfect for rental income, extended family, or limited commercial use permitted by zoning. Recently updated with all new LVP flooring, new doors, and fresh paint throughout. All of this is located just a short walk to the community pool, local parks, shopping, and schools, with right across from sought after Governor Mifflin High School, making this home a rare combination of space, charm, convenience, and income-producing potential. A truly one-of-a-kind opportunity in the heart of Shillington. Current tenant is in the process of vacating the property. Seller will have property cleaned and prepared for showings. For investors looking to add this property to your investment portfolio; main home recently rented for $2,200 per month, the lower-level apartment for $1,400 and finally the office space separately projected at $900 per month, and detached garage rent for $300-$400 per month. Included in the sale is the lighted double-sided sign for business that reaches a high daily traffic count.
Listing Agent
(610) 396-7048 realestatelogistics@hotmail.com Springer Realty Group Listed on: 12/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,846
Year Built
- Built in 1929
Lot Details
- 6,534 Sq Ft Lot
- Extensive Hardscape
- Property is in very good condition
Parking
- 2 Car Detached Garage
- 2 Driveway Spaces
- Oversized Parking
- Parking Storage or Cabinetry
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Pitched Roof
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- Built-In Features
- Ceiling Fan
- 1 Fireplace
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile or Brick
Outdoor Features
- Multiple Balconies
- Rooftop Deck
- Patio
- Exterior Lighting
Utilities
- Ductless Heating Or Cooling System
- Hot Water Heating System
- 100 Amp Service
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 8694
- Assessor Parcel Number 77-4395-08-89-8694
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,008 | $124,300 | $33,800 | $90,500 |
| 2024 | $5,666 | $124,300 | $33,800 | $90,500 |
| 2023 | $5,519 | $124,300 | $33,800 | $90,500 |
| 2022 | $5,456 | $124,300 | $33,800 | $90,500 |
| 2021 | $5,394 | $124,300 | $33,800 | $90,500 |
| 2020 | $5,394 | $124,300 | $33,800 | $90,500 |
| 2019 | $5,332 | $124,300 | $33,800 | $90,500 |
| 2018 | $5,270 | $124,300 | $33,800 | $90,500 |
| 2017 | $5,172 | $124,300 | $33,800 | $90,500 |
| 2016 | $1,768 | $124,300 | $33,800 | $90,500 |
| 2015 | $1,768 | $124,300 | $33,800 | $90,500 |
| 2014 | $1,616 | $124,300 | $33,800 | $90,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $479,900 | +131.3% | $123 / Sq Ft | |
| 06/23/2016 06/23/16 | Sold | $207,500 | -1.2% | $106 / Sq Ft | View Prior Sale |
| 04/18/2016 04/18/16 | Pending | -- | -- | -- | |
| 03/06/2016 03/06/16 | Price Changed | $210,000 | -4.5% | $108 / Sq Ft | |
| 02/14/2016 02/14/16 | Price Changed | $219,900 | -2.2% | $113 / Sq Ft | |
| 12/16/2015 12/16/15 | For Sale | $224,900 | -- | $115 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $375,000 | None Listed On Document | |
| Deed | $207,500 | Heartland Abstract | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $425,000 | New Conventional | |
| Previous Owner | $166,000 | Future Advance Clause Open End Mortgage |
Source: Bright MLS
MLS Number: PABK2065584
APN: 77-4395-08-89-8694
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