$560,000
PENDING

948 Lancaster Ave Reading, PA 19607

Estimated payment $3,465/month

Total Views 4,419
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Chad Schlanger

United Real Estate Strive 212 License #RS306495 Listed on: 07/12/2025

United Real Estate Strive 212

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,039

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: 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.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 948

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Garage - Rear Entry, Additional Storage Area
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Alley, Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Forced Air, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 4126
  • Lot Size Acres: 0.12
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Year Assessed: 2025
  • Zoning: MIXED RES/COMM

Rental Info

  • Number Of Units Month To Month: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 2005.00
  • Tax Annual Amount: 5039.00
  • Assessor Parcel Number: 18-5306-18-32-9407
  • Tax Lot: 9407
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Number Of Units Vacant: 5
  • Other Units: Unit 1

MLS Schools

  • School District Name: READING

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 -- --
Source: Bright MLS

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Source: Bright MLS

MLS Number: PABK2059926

Bright MLS