Mixed-Use Corner Building with
401 LANCASTER Shillington, PA 19607
For Sale
$449,900
MULTI_FAMILY - Colonial - SHILLINGTON, PA
Property Size1,950 SF
Lot Size0.15 Acres
Price / SF$230.72
Days on Market81
Property Features for 401 LANCASTER
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway, Garage - Detached
- Interior features
- Built-Ins, Kitchen - Eat-In, Store/Office, Wood Floors
- Appliances
- Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Hookups Only, WaterHeater
- Standard status
- Active
- Size
- 1,950 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6125
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1929
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Mario A Di Nenna · License #RS336165
(610) 396-7048
Added: May 6
Changed: Jul 13
Last Checked: Jul 25 at 12:06AM
MLS# PABK2071796
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.
Set on a corner lot with historic brick curb appeal, this versatile building offers multiple separate living and work options. The main home features an eat-in kitchen with white cabinetry and tile flooring, original hardwood floors extending through the dining and living areas, and a detailed brick gas fireplace. A bright home office sits off the living space with French doors and a separate exterior entrance for private use under limited commercial zoning. Upstairs are four bedrooms and a full bath, and the walk-up attic has been fully remodeled with a new bedroom, 11-foot ceilings, new lighting, new carpeting, refinished hardwood floors, and abundant natural light. Multiple heating sources include gas radiant heat, mini-splits, and the gas fireplace. Recent updates include new LVP flooring, new doors, and fresh paint throughout. Outside, there is a private stone courtyard and a detached two-car garage with a private driveway, plus a separate rear three-bedroom, one-bath apartment with its own kitchen and living area.
The property is located in Shillington, PA, across from Governor Mifflin High School. Seller remarks also describe it as a short walk to the community pool, local parks, shopping, and schools.
This is a practical fit for an owner-operator seeking a live-and-work setup, or for buyers who prefer holding income while maintaining on-site flexibility. The office space has a separate exterior entrance and is positioned for limited commercial use, while the main home and separate apartments can be rented as separate units. The seller states the home is fully vacant and references recent rental history for the main home, lower-level apartment, and office, along with detached garage rental amounts. A lighted double-sided business sign is included with the sale.
The property is located in Shillington, PA, across from Governor Mifflin High School. Seller remarks also describe it as a short walk to the community pool, local parks, shopping, and schools.
This is a practical fit for an owner-operator seeking a live-and-work setup, or for buyers who prefer holding income while maintaining on-site flexibility. The office space has a separate exterior entrance and is positioned for limited commercial use, while the main home and separate apartments can be rented as separate units. The seller states the home is fully vacant and references recent rental history for the main home, lower-level apartment, and office, along with detached garage rental amounts. A lighted double-sided business sign is included with the sale.
Key Highlights
- Corner property with historic brick Colonial style, dual balconies, and curb‑appeal exterior features
- Main home offers 4 bedrooms and a full bath, with an eat‑in kitchen, wood floors, and a brick gas fireplace in the living room
- Bright home office includes a separate exterior entrance for business use (limited commercial zoning)
Financial Insights For Multifamily LT 5
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 | $28.5k | $14.64 |
| − Vacancy | −$1.1k | −$0.56 |
| EGI | $27.5k | $14.08 |
| − OpEx | −$8.2k | −$4.23 |
| NOI | $19.2k | $9.86 |
1,950 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.6K
$240.3K – $320.4K
NOI $19,224 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$240.0K
$210.0K – $280.1K
NOI $16,803 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,408 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Flexible corner property with a separate exterior-entrance office and remodeled income units, fully vacant and ready for new ownership.
Where is this duplex located?
The property is located at 401 LANCASTER Shillington, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Corner property with historic brick Colonial style, dual balconies, and curb‑appeal exterior features; Main home offers 4 bedrooms and a full bath, with an eat‑in kitchen, wood floors, and a brick gas fireplace in the living room; Bright home office includes a separate exterior entrance for business use (limited commercial zoning)
