401 West Lancaster Avenue Shillington, PA 19607
Charming mixed-use property with income potential in Shillington.
Property Features for 401 West Lancaster Avenue
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1929
Listing office Springer Realty Group (610) 396-7048
Listing date May 6, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Springer Realty Group
Investment Insights
Based on property information with market context.
Key Highlights
- Versatile property with income‑generating potential: main house, basement apartment, and separate office space.
- Prime location in the heart of Shillington, across from Governor Mifflin High School, and within walking distance to amenities.
- Includes a separate, updated three‑bedroom apartment ideal for rental income.
Local Financial Insights For Mixed Use
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 | $35.1k | $18.00 |
| − Vacancy | −$4.2k | −$2.16 |
| EGI | $30.9k | $15.84 |
| − OpEx | −$11.6k | −$5.94 |
| NOI | $19.3k | $9.90 |