
948 Lancaster Ave Reading, PA 19607
Estimated payment $3,465/month
Highlights
- Traditional Architecture
- Parking Storage or Cabinetry
- Forced Air Heating System
- 3 Car Detached Garage
About This Home
948 Lancaster Avenue is being offered as part of a package with the adjoining property at 946 Lancaster Avenue—the sales price reflects both properties. Together, they comprise a total of seven units, offering a strong investment opportunity with mixed-use potential. The combined buildings feature four two-bedroom apartments, two one-bedroom unit and a commercial storefront. There is a shared laundry area, providing additional income potential. Off-street parking for at least three vehicles is available in the rear lot, along with two garages that fit up to three cars. A large backyard is shared between both buildings, offering outdoor space for tenants. While the properties could benefit from some updating, their layout, location, and income-generating potential make them an excellent opportunity for value-minded investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,039
Year Built
- Built in 1920
Lot Details
- 5,227 Sq Ft Lot
Parking
- 3 Car Detached Garage
- Parking Storage or Cabinetry
- Alley Access
- Rear-Facing Garage
- Side Facing Garage
- On-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Stone Foundation
- Stone Siding
Utilities
- Forced Air Heating System
- Radiator
- Heating System Uses Oil
- Electric Water Heater
Community Details
- 3 Units
- 5 Vacant Units
Listing and Financial Details
- Tax Lot 9407
- Assessor Parcel Number 18-5306-18-32-9407
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/25/2025 07/25/25 | Pending | -- | -- | -- |
07/12/2025 07/12/25 | For Sale | $560,000 | -- | -- |
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Source: Bright MLS
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