Bought with Chad A Schlanger • United Real Estate Strive 212
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Key Details
Sold Price $402,000
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PABK2059926
Sold Date 09/05/25
Style Traditional
Year Built 1920
Annual Tax Amount $5,039
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 0.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning MIXED RES/COMM
Interior
Hot Water Electric
Heating Forced Air, Radiator
Cooling None
Fireplace N
Heat Source Oil
Exterior
Parking Features Garage - Side Entry, Garage - Rear Entry, Additional Storage Area
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 18-5306-18-32-9407
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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