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253 W Lancaster Ave 4 Unit Apartment Building $786,802 CAD ($196,701 CAD/Unit) Downingtown, PA 19335
Investment Highlights
- Prominent frontage along Lancaster Avenue in the heart of Downingtown Borough.
- Three-unit multifamily property with an additional garage structure offering supplemental income potential.
- Convenient access to major Chester County roadways and the greater Philadelphia region.
- Located within walking distance of the Downingtown Train Station for convenient regional connectivity.
- Positioned near downtown shopping, dining, and everyday services that support tenant demand.
- Off-street parking and a highly visible location enhance accessibility for residents and visitors.
Executive Summary
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.
Property Facts
| Price | $786,802 CAD | Building Class | C |
| Price Per Unit | $196,701 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 2,510 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price | $786,802 CAD |
| Price Per Unit | $196,701 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 2,510 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1107 04190000 | Improvements Assessment | $171,592 CAD |
| Land Assessment | $64,003 CAD | Total Assessment | $235,595 CAD |
Property Taxes
Parcel Number
1107 04190000
Land Assessment
$64,003 CAD
Improvements Assessment
$171,592 CAD
Total Assessment
$235,595 CAD
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253 W Lancaster Ave
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