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253 W LANCASTER AVENUEDOWNINGTOWN, PA 19335

Multi-Family · 2,510 Sq. ft. | 0.29 Acres
$599,900 ACTIVE

253 W LANCASTER AVENUE Overview

Time on Site:
22 days
Visits:
7

Investor Alert! Exceptional opportunity to own a premium 3-unit investment property in the heart of Downingtown Borough, with an included garage adding an 4th unit!! Ideally situated along highly visible Lancaster Avenue, 253 W. Lancaster Avenue offers a prime location with strong rental demand, convenient access to shopping, dining, major roadways, and footsteps away from the Downingtown Train Station. This well-maintained multifamily property features income-producing units providing positive cash flow and long-term investment potential. The main level features a 2 BR unit with 1 bath proving easy main floor living. The 2nd floor boast a 2 BR and 1 bath apartment. Rounding the building out is a 3rd apartment featuring 2 BR's and 1 bath. There is also a 2 car garage which includes a loft area with electric that has the potential to be rented as well providing a strong 4th income! Furthermore, the property offers residential flexibility as the ability to make it into a single-family residence is also an option.

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253 W LANCASTER AVENUE Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,510
  • Price/Sq.ft. $239
  • Lot 0.29 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 2510
  • Year Built: 1910

Location/Region

  • Country: US
  • County: CHESTER
  • County Or Parish: CHESTER
  • MLS Area Major: Downingtown Boro (10311)

Parking Information

  • Total Parking Spaces: 8
  • Type of Parking: Detached Garage,Driveway

Tax Information

  • City/Town Tax: 1463.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 873.00
  • County Tax Payment Frequency: Annually
  • School Tax: 5398.00
  • Tax Annual Amount: $7,735.00
  • Tax Assessed Value: 169180.00
  • Tax Year: 2025

General Information

  • Exclusions: Tenant's Personal Property
  • Property Condition: Average
  • Property Sub Type: Triplex
  • Property Type: Multi-Family
  • Rent Control: No
  • School District Name: DOWNINGTOWN AREA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: R-4

Interior

Building Information

  • Cooling Fuel: None
  • Heating Fuel: Electric

Parking Information

  • Garage Features: Oversized
  • Garage Spaces: 2.00
  • Garage: Yes

Building Exterior/Construction

  • Structure Type: Detached

Building Interior

  • Above Grade Finished Area: 2510
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Cooling: None
  • Fireplace: No
  • Foundation Details: Stone
  • Living Area: 2510
  • Living Area Source: Assessor
  • Units Furnished: None

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 3

Exterior

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.29
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12600.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Colonial
  • Construction Materials: Brick

General Information

  • Number Of Units Leased: 2
  • Number Of Units Mo Mo: 2
  • Number Of Units Total: 3
  • Number Of Units Vacant: 1
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

253 W LANCASTER AVENUE Neighborhood

Community

19335 (DOWNINGTOWN) Demographics

41
Median Age
1,105
Population Density (per sq. mile)
65%
College Educated
$116,895
Estimated Median Income
14,394
Estimated Total Home Owners
3,519
Estimated Total Renters
80% / 20%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

253 W LANCASTER AVENUE Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

253 W LANCASTER AVENUE Market Data

Based on the last 30 days in this zip code

$737,496
Average List Price
$279
Average Price per Square Foot
58
Properties Sold
57
Average Days on Market
179
Properties for Sale
Calculations provided by Reliance Network

253 W LANCASTER AVENUE History

Date Event Value Agent
6/9/2026Source: BRIGHT MLS Status Change
ACTIVE
6/7/2026Source: BRIGHT MLS Added to Database
June 07, 2026
Listing provided courtesy of RE/MAX Action Associates- MLS# PACT2126846MLS ProviderContact Information: [email protected] - 6103632001