200 West Lancaster Avenue

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Urban landscape with historic architecture.
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Active
$1,200,000
Est: $7,035/moGet pre-approved
7 beds15,000 sqft

200 W Lancaster Ave, Reading, PA 19607

Multi FamilyProperty Type
0.3 acresLot Size
1910Year Built
$80/sq ftPrice per sq ft
23 carsParking Spaces

Description

Back on the market due to buyer financing falling through. 15 UNIT BUILDING. This commercial property in the heart of downtown Shillington offers a prime investment opportunity with a level 0.3-acre lot. Built in 1910, the structure features a mix of durable materials including brick, concrete, and stucco, ensuring longevity and low maintenance. The property is in below-average condition, presenting a chance for value-add renovations that can significantly increase rental income or resale value....Back on the market due to buyer financing falling through. 15 UNIT BUILDING. This commercial property in the heart of downtown Shillington offers a prime investment opportunity with a level 0.3-acre lot. Built in 1910, the structure features a mix of durable materials including brick, concrete, and stucco, ensuring longevity and low maintenance. The property is in below-average condition, presenting a chance for value-add renovations that can significantly increase rental income or resale value. Strategically located less than 10 miles from the airport and within a mile of public transportation, it boasts excellent accessibility, enhancing its appeal to potential tenants. Parking options include private garages and surface lots, catering to various business needs. Investors can capitalize on the growing demand for commercial spaces in urban settings, with the potential for strong returns through strategic improvements and leasing. This property is a solid addition to any investment portfolio, offering both immediate and long-term financial benefits. CLEAN Phase I enviromental assessment report
201 days on Market
  • Listed by: Robert Savory 215.783.6721 bertskiis@msn.com • Destination Realty LLC
Last updated: 08/06/2026 11:32 AM • Source: BRIGHT, MLS#: PABK2067046
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Listing Courtesy of Destination Realty LLC
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$7,035 per month

30 year fixed, 7.03% Interest

Principal and Interest

$6,406

Property Taxes

$629

HOA Dues

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Property Information for 200 West Lancaster Avenue

Property Details

  • Taxes: $7,549 / year
  • MLS Type: Multi-Family / Fee Simple
  • County: Berks County
  • Tax ID Number: 77-4395-07-58-7599
  • Ownership: Fee Simple
  • Structure Type: Detached
  • Style: Other
  • Waterfront: No
  • Garage: Yes
  • Municipality: SHILLINGTON BORO
  • Total Parking Spaces: 23
  • Central Air: No
  • Basement: Yes
  • Room Count: 60
  • Above Grade Finished SQFT: 15,000.00
  • Above Grade Fin SQFT Source: Estimated
  • New Construction: No

Building Information

  • Residences: 4
  • Year Built: 1910
  • Lot Size: 0.30 AC / 13,068 SF

Location

Location
  • School District Name: GOVERNOR MIFFLIN
  • School District County ID: 300200397317
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Shillington Boro (10277)

Waterfront / Water Access

Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No

Association / Community Info

Association / Community Info
  • Association Recreation Fee Y/N: No

Taxes and Assessment

Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $153,200
  • Year Assessed: 2025
  • County Tax: $1,381
  • City Town Tax: $1,094
  • Clean Green Assessed: No
  • Historic: No
  • Zoning: R2
  • Zoning Dscrp: Mixed use Commercial
  • School Tax: $5,074
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: No

Lease Information

Lease Information
  • Owner Pays: Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No

Unit Information

Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 12
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1
  • Units Leased Count: 15
  • Number Of Units Vacant: 15
  • Rent Control: No

Multi Family

Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 2
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 2
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 2
Unit 4
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 1

Financial Information

Financial Information
  • Gross Scheduled Income: $180,000
  • Income Includes: Apartment Rentals, Shop Rentals
  • Cap Rate: 25.00
  • Existing Lease Type: None

Building Info

Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 15,000.00

Lot / Land Information

Lot / Land Information
  • Lot Size Source: Estimated
  • Location Type: Urban
  • Parcel ID: 1563286
  • Ground Rent Exists: No

Parking

Parking
  • Type Of Parking: Detached Garage, On Street, Parking Lot
  • Num of Detached Garage Spaces: 3
  • Total Garage Spaces: 3
  • Parking Lot - # of Spaces: 20
  • Garage Features: Other

Interior Features

Interior Features
  • Accessibility Features: None

Exterior Features

Exterior Features
  • Pool: No Pool

Utilities

Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 200 West Lancaster Avenue

DateEvent & SourcePriceAppreciation
Aug 6, 2026

Price Change

BRIGHT #PABK2067046

$1,200,000—
Jun 30, 2026

Listed (Active)

BRIGHT #PABK2067046

—
Apr 15, 2026

Pending

BRIGHT #PABK2067046

—
DateEvent & SourcePrice
08/06/2026

Price Change

BRIGHT #PABK2067046

$1,200,000
06/30/2026

Listed (Active)

BRIGHT #PABK2067046

—
04/15/2026

Pending

BRIGHT #PABK2067046

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

200 West Lancaster Avenue

Total Finished SqFt

6,314 SqFt

Above Grade Finished SqFt

6,314 SqFt

Stories

4

Lot Size

13,068 SqFt

Style

Stores

Year Built

1910

Schools near 200 West Lancaster Avenue

This home is within Governor Mifflin School District.
Rating
School
Type
Grades
Distance
Cumru El School
Public - PK to 4
Intermediate School
Public - 5 to 6
Governor Mifflin Middle School
Public - 7 to 8
Governor Mifflin Senior High School
Public - 9 to 12
Rating
School
Distance
Cumru El School
PublicPK to 4

Intermediate School
Public5 to 6

Governor Mifflin Middle School
Public7 to 8

Governor Mifflin Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 200 West Lancaster Avenue, Reading, PA 19607

200 West Lancaster Avenue is a multi-family home for sale in Reading, PA 19607. This property was listed for sale on January 8, 2026 by Destination Realty LLC, it's currently listed at $1,200,000. This listing's school district is Governor Mifflin School District. Nearby schools include Cumru El School, Intermediate School and Governor Mifflin Middle School. 200 West Lancaster Avenue is a 7-bed, 0-bath, 15,000 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Destination Realty LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.