Bought with Thomas Toole III • RE/MAX Main Line-West Chester
$550,000
$565,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
2,510 SqFt
SOLD DATE : 09/30/2026
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,510 sqft
Price per Sqft $219
MLS Listing ID PACT2126846
Sold Date 09/30/26
Style Colonial
Abv Grd Liv Area 2,510
Year Built 1910
Available Date 2026-06-10
Annual Tax Amount $7,735
Tax Year 2025
Lot Size 0.289 Acres
Acres 0.29
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
Location
State PA
County Chester
Area Downingtown Boro (10311)
Zoning R-4
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Parking Features Oversized
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage Y
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 2510
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Downingtown Area
Others
Tax ID 11-07 -0419
Ownership Fee Simple
SqFt Source 2510
Special Listing Condition Standard
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