137 W LANCASTER Avenue Downingtown, PA 19335
MULTI_FAMILY - Other - DOWNINGTOWN, PA
Property Features for 137 W LANCASTER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 8
- Parking features
- Driveway
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3485
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Frame, Stucco
- Architectural style
- Other
Listing agent Peter B Gustis License #RS295392 (610) 209-9219
Listing office Springer Realty Group 760 Constitution Drive unit: 106, Exton, PA (484) 498-4000
Listing date Jul 7, 2022
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- High potential cap rate of 6.8% for investors.
- Prime location: Just 1 block from Downingtown Train Station and half a block from Septa Bus Stop, right on Main Street.
- Mixed‑use property featuring a storefront and a 1‑bedroom apartment with 2 bathrooms.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$5.6k | −$1.85 |
| EGI | $48.4k | $16.15 |
| − OpEx | −$14.5k | −$4.84 |
| NOI | $33.9k | $11.30 |
