401 E Lancaster Avenue
Reading, PA, 19607 $ 499,900
Baths0.0 Monthly Estimate*
$ 3,078
Studio for $499,900. This home was built in 1929 on a lot size of 0.15.
Step into this exceptional corner property with lovely curb appeal in the heart of Shillingtona home that blends timeless charm with rare versatility. Dynamic property with endless possibilities! Use the entire home as your private residence, live in the main house while generating income from the basement apartment, or take advantage of the limited commercial zoning by operating your business from the private office space. Investors can also appreciate the opportunity to rent both units for maximum income potential. The moment you arrive you are greeted by 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 (LIMITED COMMERCIAL ZONING). 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, refinished hardwood floors, and abundant natural lightan 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 forgathering, 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 areaperfect 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. Fully vacant- 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. Seller is a PA Licensed Realtor.
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FeaturesGeneralLiving Area 1950
Sewer Public Sewer
Heating Hot Water
Cooling Central A/C
Utilities Cable TV Available Electric Available Natural Gas Available Sewer Available Water Available
Possession Negotiable
Appliances Dishwasher Microwave Oven/Range - Electric Refrigerator Washer/Dryer Hookups Only Water Heater
Zoning RESID
Garage Spaces 2.00
Patio/Porch Features Balconies- Multiple Patio(s)
Architectural Style Colonial
Construction Materials Brick
School District GOVERNOR MIFFLIN
Year Built 1929
View Courtyard
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality SHILLINGTON BORO
Accessibility None
County BERKS
New Construction N
Property Type Multi-Family
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Please use GPS
City READING
Disclosures Owner RE Licensee
Number Of Units Total 2
MLS Area Shillington Boro (10277)
Lot Size Units Square Feet
Lot Size Square Feet 6534.00
Tax Annual Amount 6125.0
Property Condition Very Good
Two Bedroom 0
Structure Type Detached
Price Per Sq Ft Total AG 256.36
Acceptable Financing Cash Conventional
Rent Control Y/N N
Vacation Rental Y/N N
Lease Type None
Standard Status Active
Year Built Source Assessor
Tax Lot 8694
Association Recreation Fee N
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InteriorInterior Amenities Built-Ins Kitchen - Eat-In Store/Office Wood Floors
Heating Fuel Natural Gas
Basement Full
Flooring Hardwood
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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ExteriorExterior Amenities Extensive Hardscape Exterior Lighting Roof Deck Sidewalks Street Lights
Pool No Pool
Parking Features Asphalt Driveway
Water Source Public
Inclusions All Appliances All As-Is condition and of No Value
Garage Features Additional Storage Area Oversized
Type of Parking Detached Garage Driveway
Foundation Details Concrete Perimeter
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.15
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 33800.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList BySpringer Realty GroupBroker
realestatelogistics@hotmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,078
- Monthly Property Taxes
- $510
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Reading, PA
Average List Price $445,928
Percent of Sale Price 11%
About Reading, PA 89,350 Population
10% Since 2002
$ 27,966 Median Income
32.19 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136886 Elementary School
2137009 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/7/2026 | $499,900 | | Listed Price |