Duplex with Detached
For Sale
$429,900
401 Lancaster, Shillington, PA 19607
Corner property with a separate apartment, private office entrance, courtyard, and limited commercial zoning.
Property Size1,950 SF
Price / SF$220.46
Days on Market90
Property Features for 401 Lancaster
General Information
Standard status
Active
Size
1,950 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Office Units
1
Building Details
Year Built
1929
Construction
brick
Listing Agency:
Springer Realty Group
Listed By:
Mario A Di Nenna · License #RS336165
(610) 396-7048
Source:
Jennysoldmine
Added: Jul 19
Changed: Oct 6
Last Checked: Oct 7 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Springer Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1929, this duplex combines a primary residence with a separate rear apartment and adaptable office space. The main home includes an eat-in kitchen, formal dining room, living room with a brick gas fireplace, four bedrooms, a full bath, and a remodeled walk-up attic bedroom with 11-foot ceilings. A dedicated office has its own exterior entrance and is subject to limited commercial zoning. The rear apartment provides three bedrooms, one bath, a kitchen, and a living area.
Exterior features include a historic brick facade, dual balconies, a private stone courtyard, and a detached brick garage for two cars accessed by a private driveway. Recent updates include new LVP flooring, doors, and interior paint throughout the property. The site is across from Governor Mifflin High School and within walking distance of a community pool, parks, shopping, and schools.
Exterior features include a historic brick facade, dual balconies, a private stone courtyard, and a detached brick garage for two cars accessed by a private driveway. Recent updates include new LVP flooring, doors, and interior paint throughout the property. The site is across from Governor Mifflin High School and within walking distance of a community pool, parks, shopping, and schools.
Key Highlights
- Separate three‑bedroom, one‑bath rear apartment with kitchen and living area
- Main home includes four bedrooms plus a remodeled attic bedroom with 11‑foot ceilings
- Private office has a separate exterior entrance and limited commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,224
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,480
$384.5K
Cap Rate 7%
$274,629
$274.6K
Cap Rate 9%
$213,600
$213.6K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$28.5K $14.64/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$27.5K $14.08/SF
− OpEx
−$8.2K −$4.23/SF
NOI
$19.2K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,480
Cap Rate 7%
$274,629
Cap Rate 9%
$213,600
Alternative Uses
Best Use
Multifamily LT 5
$274.6K
$240.3K – $320.4K
NOI $19,224 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$240.0K
$210.0K – $280.1K
NOI $16,803 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,408 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 19607, PA
23,431
Population
10,177
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
11.2 sq mi
ZIP Area
2,092
Density / Sq Mi
$80,550
Median Household Income
$46,953
Median Earnings
$1,283
Median Rent
$210,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner property with a separate apartment, private office entrance, courtyard, and limited commercial zoning.
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 $429,900.
What are key features of this property?
This property features: Separate three‑bedroom, one‑bath rear apartment with kitchen and living area; Main home includes four bedrooms plus a remodeled attic bedroom with 11‑foot ceilings; Private office has a separate exterior entrance and limited commercial zoning
