948 Lancaster Ave, READING, PA 19607

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948 Lancaster Ave,READING, PA 19607
$560,000
  • 10 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:chad a schlanger
Office:united real estate strive 212
MLS#:PABK2059926
Source:BRIGHTMLS

Price summary

  • Price:$560,000

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.

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Home facts

  • Year built:1920
  • Listing Id #:PABK2059926
  • Added:33 day(s) ago
  • Updated:August 13, 2025 at 07:21 AM

Rooms and interior

  • Bedrooms:10

Heating and cooling

  • Heating:Forced Air, Oil, Radiator

Structure and exterior

  • Year built:1920
  • Lot area:0.12 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$560,000
  • Tax amount:$5,039 (2025)