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First-Floor Residential Income Property
New
For Sale
$314,999

500 E LANCASTER AVENUE Unit #108.A, Wayne, PA 19087

Hardwood floors and deeded garage parking accompany a private bonus room with laundry equipment.

Days on Market6

Property Features for 500 E LANCASTER AVENUE Unit #108.A

General Information

Standard status Active
Property subtype Unit/Flat/Apartment

Units

Unit Mix 1 x 2BR/1BA
Multifamily Units 1

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $4,933

Building Details

Building Size 850 SF
Year Built 1951
Listing Agency: KW Empower
Listed By: Dina Patton · License #RS331428
Source: Lizclarkrealestate
Added: Jul 29 Changed: Aug 2 Last Checked: Aug 2 at 6:30AM

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 KW Empower

Investment Insights

Based on property information with market context.

This first-floor residential income property was built in 1951 and offers a two-bedroom, one-bath layout with a spacious living room, hardwood flooring, and arched interior openings. The unit has been freshly painted and includes access to a private bonus room within the building, where the washer and dryer are located. The space may also serve as storage or a fitness area.

Deeded garage parking is included. Water is covered through the HOA, while electricity and WiFi are identified as the unit’s remaining utilities. The property is located in Wayne, with commuter rail service, grocery stores, restaurants, and shops described as minutes away.

Key Highlights

  • Two‑bedroom, one‑bath residential income property
  • First‑floor unit with hardwood floors and arched doorways
  • Private bonus room in the building with washer and dryer

Property Analytics

Current Use

Brandywine Creek Software (Bike/Boat/Book/etc) Store Pete's Express Car ... Car Wash Whizzle Cheesesteak Food ... Take-out & Catering Sun Acupuncture Medical Clinic

Suggested Use

Top Pick Electrical Service Storage Facility Barber Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

829
Businesses Nearby

Demographics for 19087, PA

33,501
Population
12,829
Households
2.6
Avg Household Size
40
Median Age
78%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$165,451
Median Household Income
$71,234
Median Earnings
$2,130
Median Rent
$693,200
Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Delaware County, PA

$332 Feb
$252 Mar
$238 Apr
$224 May
$232 Jun
Jul

Properties on Market for Residential income properties in Delaware County

Feb
Mar
Apr
May
Jun
Jul
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Hardwood floors and deeded garage parking accompany a private bonus room with laundry equipment.
Where is this residential income property located?
The property is located at 500 E LANCASTER AVENUE Unit #108.A Wayne, PA.
What is the asking price?
The asking price for this property is $314,999.
What are key features of this property?
This property features: Two‑bedroom, one‑bath residential income property; First‑floor unit with hardwood floors and arched doorways; Private bonus room in the building with washer and dryer
More about this property
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