OFF MARKET

Off market oct 2018 for $270K

$538,862

•

3,342

sq ft

1340 Lancaster Ave, Reading, PA 19607

About this home

Wonderful opportunity to invest in a solid property. This well-maintained 5-unit building is absolutely ready for you to take over ownership and the income is solid. 4 very large apartments and a commercial space on the lower level. The apartments are modern, include tile baths and the kitchens are well-appointed and in great condition. The commercial space has a lot of off street parking as well. There is economical gas heat. The tenants pay their own electricity. The tenants reimburse the owner for sewer and trash. Coin-op laundry in the basement and the owner brings in about $1,000/year. Definitely a building worth checking out.

Multi-familyProperty Type

1945Year Built

5,227 sq ftLot Size

$161Est. Price/Sq.Ft.

4 spacesParking

Listed by Dave Mattes • RE/MAX Of Reading

•610-670-2770 (broker)

•info@goberkscounty.com (broker)

Bought with Sandy Berry • Long & Foster Real Estate, Inc.

•610-280-4050 (broker)

Redfin checked: a minute ago

•Source:BRIGHT MLS #1002502136

Redfin Estimate

$538,862

$269K since sold in October 2018$8,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 105.4% higher than the average sale price ($262K) of 6 comparable homes.

SOLD DEC 19, 2025
$133,100
A
4 beds2 baths2,340 sq ft
329 S 3rd St, Reading, PA 19602
SOLD SEP 25, 2026
$438,000
B
3 beds2 baths2,338 sq ft
500 Sycamore Rd, West Reading, PA 19611
SOLD JUN 24, 2026
$280,000
C
4 beds3 baths3,251 sq ft
130 Belvedere Ave, Reading, PA 19611
SOLD MAY 4, 2026
$354,901
D
5 beds2 baths2,188 sq ft
312 Reading Ave, West Reading, PA 19611
SOLD OCT 5, 2026
$218,000
E
6 beds2 baths2,682 sq ft
409 N 5th St, Reading, PA 19601
SOLD APR 10, 2026
$150,000
F
6 beds2 baths2,288 sq ft
226 S 4th St, Reading, PA 19602

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 19607, PA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

101.7%

1.2% MoM

Median sale price

$275K

$81 MoM

Avg. days on market

10d

4 days MoM

Recently sold homes

2 MoM

New listings for sale

NEW
$634,901
5 beds2.5 baths3,934 sq ft
3 Hessian Blvd, Reading, PA 19607
(610) 484-8663
$170,000
1 bed1 bath492 sq ft
1445 Hancock Blvd, Reading, PA 19607
(610) 372-3200
COMING SOON
$269,900
3 beds2.5 baths1,554 sq ft
138 Merion Ln, Reading, PA 19607
(888) 397-7352
$324,900
3 beds3 baths2,100 sq ft
10 Fallowfield Cir, Shillington, PA 19607
(610) 670-2770
3D WALKTHROUGH
$229,900
2 beds2 baths1,632 sq ft
31 S Sterley St #400, Shillington, PA 19607
(484) 222-0228
COMING SOON
$244,000
4 beds1 bath1,075 sq ft
1627 Gregg Ave, Reading, PA 19607
(610) 898-1441
$550,000
4 beds3 baths2,687 sq ft
300 Chestnut St, Shillington, PA 19607
(610) 985-7700
OPEN SAT, 1PM TO 3PM
$294,900
3 beds1.5 baths1,748 sq ft
109 Elkins Ave, Reading, PA 19607
(610) 898-1441
COMING SOON
$330,000
3 beds1.5 baths2,004 sq ft
26 Rosemont Ave, Reading, PA 19607
(610) 373-8701
OPEN THU, 5:30PM TO 7:30PM
$299,900
3 beds1.5 baths1,695 sq ft
100 S Miller St, Shillington, PA 19607
(610) 779-2500
See all

Provided by Redfin

Sale history for 1340 Lancaster Ave

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Berks County

APN

54-5306-17-21-1408

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Apr 12, 2023.

C-1

Highway Commercial District

The purpose of the C-1 Zoning District is to provide an area for general commercial land uses which service the needs of surrounding residential communities. The C-1 Zoning District is concentrated around existing commercial land uses that are located along collector and arterial highways within the Borough of Kenhorst. Development which occurs shall be planned to accomplish safe development of highway frontage and to protect major highways as thoroughfares. All uses permitted within the C-1 Zoning District shall be serviced by public sanitary sewage disposal facilities and public water supply facilities.

Permitted uses

Include but are not limited to:

Religious facility
Bank
General retail
Restaurant
Housing-Single unit
Office
Public service
Death related/funeral home

Property details

Parking

Parking Information
# of Total Garage and Parking Spaces: 4
Street
# of Open Parking Spaces: 4
On Street

Interior

Virtual Tour

Interior Information
Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick, Laminated
Interior Features: Store/Office

Room Information
Master Bedroom
Laundry Type: Common, Has Laundry

Basement Information
Basement: Yes
Partial, Unfinished, Outside Entrance

Multi Unit Information
# of One Bedroom Units: 2
# of Two Bedroom Units: 2
Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Gross Income: $37,240
Income Includes: Laundry
Annual Gross Expense: $10,461

Exterior

Property Information
Improvement Assessed Value: $70,200
Insurance Expense: $1,358
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Estimated

Building Information
Construction Materials: Vinyl Siding, Stucco
Other Structures: Above Grade
Roof: Pitched, Shingle
Storage: Basement
Structure Type: Detached

Exterior Information
Sidewalks, Street Lights

Property Green Features
Remarks: Agent MUST accompany buyers in EVERY apartment and store front during showings.

Lot Information
Lot Size Dimensions: IRREGULAR
Tidal Water: No

Land Information
Land Assessed Value: $60,400

Above Grade Information
Finished Sq.Ft.: 3,342
Finished Sq.Ft. Source: Estimated

Financial

Tax Information
Tax Assessed Value: $130,600
Tax Year: 2018
Tax Annual Amount: $5,401

Utilities

Utilities Information
Electric Expense: $319
Circuit Breakers
Gas, Hot Water, Radiator, Zoned
Heating Fuel: Natural Gas
Annual Heating Expense: $2,183
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Cable TV Available
Water Sewer Expense: $1,200
Water Source: Public

Location

School Information
High School: GOVERNOR MIFFLIN
School District Name: GOVERNOR MIFFLIN

Location Information
Cross Street: MCARTHUR AVE
Directions: US-422E to Lancaster Ave Exit, turn Right onto Lancaster Ave. Corner of Lanc Ave and McArthur
Municipality: KENHORST BORO

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Berks County
APN: 54-5306-17-21-1408

Home facts updated by county records on Apr 11, 2023

Around this home

Schools

K - 12
Preschool & daycare

Mifflin Park El School

Public K-4 • Assigned • 0.8mi

5/10

Governor Mifflin Middle School

Public 7-8 • Assigned • 0.9mi

4/10

Governor Mifflin Senior High School

Public 9-12 • Assigned • 0.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 100° expected this year, 16 days in 30 years

4/10 Wind Factor

14% chance of strong winds in next 30 years

3/10 Air Factor

1 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Reading, PA • 19607

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 19607

NEW

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Thoughtful layout • Swimming pools • Tennis courts

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3D WALKTHROUGH

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OPEN SAT, 1PM TO 3PM

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Split level home • Rear yard • 6,534 sq ft lot

(610) 898-1441

COMING SOON

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Home values near 1340 Lancaster Ave

Data from public records.

Address	Redfin Estimate
1408 Lancaster Avenue, Reading, PA 3 Beds \| 1 Baths \| 1232 Sq. Ft.	$131,708
1332 Lancaster Avenue, Reading, PA 3 Beds \| 1.5 Baths \| 1300 Sq. Ft.	$222,568

Address	Redfin Estimate
1406 Lancaster Avenue, Reading, PA 3 Beds \| 2 Baths \| 1200 Sq. Ft.	$208,063
1322 Lancaster Avenue, Reading, PA 3 Beds \| 1.5 Baths \| 1407 Sq. Ft.	$226,831

Address	Redfin Estimate
1410 Lancaster Avenue, Reading, PA 3 Beds \| 1 Baths \| 1344 Sq. Ft.	$162,512
1326 Lancaster Avenue, Reading, PA 3 Beds \| 1 Baths \| 1258 Sq. Ft.	$211,048

Property information provided by BRIGHT MLS when last listed in 2018. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 19607, PA

Sale history for 1340 Lancaster Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 19607

Home values near 1340 Lancaster Ave

More real estate resources