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    401 E Lancaster Ave Shillington, PA 19607

    Sponsored
    For Sale
    Under Contract
    $479,900

    MULTI_FAMILY - Colonial - SHILLINGTON, PA

    Property size:
    3,900 SF
    Lot size:
    0.15 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 21 at 1:06 am

    Property Features for 401 E Lancaster Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Parking
    4
    Parking features
    Driveway, Garage - Detached
    Interior features
    Built-Ins, Kitchen - Eat-In, Store/Office, Wood Floors, Carpet, Ceiling Fan(s)
    Fireplace
    1
    Appliances
    Microwave, Refrigerator, WaterHeater, Oven/Range - Electric, Dishwasher
    Size
    3,900 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Hot Water(Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    1929
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Mario A Di Nenna

    Springer Realty Group (484) 498-4000 [email protected]

    Listing agent Mario A Di Nenna (610) 396-7048 License #RS336165

    Listing date Jan 13, 2026

    MLS# PABK2065584 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Shillington Colonial Multifamily Corner Property

    This corner property, located in Shillington, Pennsylvania, features a historic brick facade with classic shutters, columns, and dual balconies. The main home includes a light-filled, eat-in kitchen with white cabinetry, generous counter space, and tile flooring. Original hardwood floors flow through the formal dining room and into the spacious living room, which features a brick gas fireplace. French doors lead to a bright home office with a separate exterior entrance. Upstairs, there are four bedrooms and a full bath. The remodeled walk-up attic offers an additional bedroom with 11-foot ceilings, new lighting, new carpeting, and natural light. Multiple heating sources, including gas radiant heat, mini-splits, and the gas fireplace, ensure year-round comfort. A private stone courtyard provides an outdoor space for gathering and relaxing. The property also includes a brick two-car detached garage with a private driveway. Additionally, there is a separate three-bedroom, one-bath rear apartment with its own kitchen and living area. The apartment has been updated with new LVP flooring, new doors, and fresh paint throughout. The property is located near the community pool, local parks, shopping, and schools, and across from Governor Mifflin High School. The property sits on a lot of 0.15 acres. The lighted double-sided sign for business that reaches a high daily traffic count is included in the sale. The property offers potential for rental income or limited commercial use permitted by zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shillington
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.96077
    Latitude
    40.30683

    Nearby Similar for Sale

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      0.18 Acres

      Shillington Multifamily Investment Opportunity

      Five-unit property in Shillington with strong rental income potential.
      24 Philadelphia Ave, Shillington, PA 19607
      View Details
    • $350,000
      3,180 SF

      Shillington Office & Residential Condo

      Luxury Condo, Office Space, & Residence
      31 Sterley St, Shillington, PA 19607
      View Details

    FAQs

    What type of property is this?
    Single family property - Charming corner property with income potential in Shillington, Pennsylvania.
    Where is this single family property located?
    The property is located at 401 E Lancaster Ave Shillington, PA.
    What is the asking price?
    The asking price for this property is $479,900.
    What are key features of this property?
    This property features: - Unique corner property with historic brick facade, dual balconies, and a private stone courtyard.; - Remodeled walk-up attic transformed into a stunning additional bedroom with soaring ceilings and abundant natural light.; - Prime location within walking distance to community pool, parks, shopping, and schools, directly across from Governor Mifflin High School.
    (610) 396-7048
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    401 E Lancaster Ave Shillington, PA 19607
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 E Lancaster Ave Shillington, PA 19607
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    We can help!
    Listing Contact
    Mario A Di Nenna
    Real Estate License ID: RS336165
    (610) 396-7048
    Learn more
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