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.
Sold for $402,000 on 09/05/25
$402,000
948 Lancaster Ave, Reading, PA 19607
10beds
1baths
--sqft
Duplex
Built in 1920
-- sqft lot
$550,100 Zestimate®
$--/sqft
$1,785 Estimated rent
Home value
$550,100
$523,000 - $578,000
$1,785/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 24, 2025 at 10:57am
Listed by:
Chad Schlanger 610-334-2168,
United Real Estate Strive 212
Bought with:
Chad Schlanger, RS306495
United Real Estate Strive 212
Source: Bright MLS,MLS#: PABK2059926
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 1
Basement
- Area: 0
Heating
- Forced Air, Radiator, Oil
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 3
- Parking features: Garage Faces Side, Garage Faces Rear, Storage, Alley Access, Detached, On Street
- Garage spaces: 3
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 5,227 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 18530618329407
- Zoning: MIXED RES/COMM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Stone
- Foundation: Stone
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Reading
- Municipality: READING CITY
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $402,000-28.2% |
Source:  Bright MLS #PABK2059926 | ||
| 7/25/2025 | Pending sale | $560,000 |
Source: Bright MLS #PABK2059926 | ||
| 7/12/2025 | Listed for sale | $560,000 |
Source: Bright MLS #PABK2059926 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,039 +1.5% | $111,800 |
| 2024 | $4,964 +1.6% | $111,800 |
| 2023 | $4,887 | $111,800 |
Find assessor info on the county website
Neighborhood: 19607
Nearby schools
GreatSchools rating
- 6/10Millmont El SchoolGrades: PK-4Distance: 0.7 mi
- 4/10Central Middle SchoolGrades: 5-8Distance: 2.3 mi
- 2/10Reading Senior High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- District: Reading
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$550,100
2% more+ $11,002
With Zillow Showcase(estimated)
$561,102