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312 Lancaster Ave, Reading, PA 19611
About this home
6 unit apartment building including 3 efficiency apartments, 2 one bedroom apartments and 1 two/three bedroom apartment. There is also a dental office with 6 dental exam rooms, lab, waiting room, conference room and private offices all on the first floor. The dental office is handicap accessible with level entry into the building, ADA compliant hallways and bathroom facilities. Current rental income from the apartments is $38,000 yearly. Yearly income from the dental office is $24,000 (estimated) Expenses: Insurance $5,092, Electric $5,156 Gas $1,547 Water/Sewer $5,227 Trash $5,735.
Redfin Estimate
Market trends in 19607, PA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- OPEN SUN, 1PM TO 3PM
- OPEN SUN, 12PM TO 2PM
- OPEN NOV 8, 12PM TO 3PM
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Provided by Redfin
Sale history for 312 Lancaster Ave
$63/sq ft
$62/sq ft
Tax history for 312 Lancaster Ave
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- # of Total Garage and Parking Spaces: 20
- Parking Lot - # of Spaces: 20
- Parking Lot
Interior
- Interior Information
- Living Area Sq.Ft. Source: Estimated
- Basement Information
- Basement: Yes
- Full, Interior Access, Outside Entrance, Partially Finished, Poured Concrete, Improved, Heated, Connecting Stairway
- Multi Unit Information
- # of Single Room Units: 3
- # of One Bedroom Units: 1
- # of Two Bedroom Units: 1
- # of Three Bedroom Units: 1
Exterior
- Property Information
- Total Below Grade Sq. Ft.: 1500
- Accessibility Features: 36"+ wide Halls
- Improvement Assessed Value: $220,800
- Ownership Interest: Fee Simple
- Property Condition: Good
- Year Built Source: Estimated
- Building Information
- # of Units (Total): 1
- Construction Materials: Brick, Aluminum Siding
- Foundation Details: Concrete Perimeter
- Other Structures: Above Grade, Below Grade
- Roof: Flat, Pitched, Shingle
- Structure Type: Detached
- Exterior Information
- Fire Escape
- Lot Information
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Tidal Water: No
- Land Information
- Land Assessed Value: $80,100
- Above Grade Information
- Finished Sq.Ft.: 7,405
- Finished Sq.Ft. Source: Estimated
- Below Grade Information
- Unfinished Sq.Ft. Source: Assessor
- Finished Sq.Ft.: 1,500
- Finished Sq.Ft. Source: Estimated
Financial
- Tax Information
- City/Town Tax: $5,455
- County Tax: $2,304
- School Tax: $5,395
- Tax Assessed Value: $300,900
- Tax Year: 2022
- Tax Annual Amount: $13,154
- Assessments Information
- Year Assessed: 2023
Utilities
- Utilities Information
- Central Air
- Cooling Type: Wall Unit, Central A/C
- Cooling Fuel: Electric
- Electric Previous 12 Months: $5,156.27
- Electric Average / Month: $430
- 200+ Amp Service
- Gas Average / Month: $128.92
- Gas Previous 12 Months: $1,547.04
- 90% Forced Air, Baseboard - Electric, Baseboard - Hot Water
- Heating Fuel: Electric, Natural Gas
- Hot Water: Natural Gas, Electric
- Sewer Septic: Public Sewer
- Water Average / Month: $436
- Water Previous 12 Months: $5,227
- Water Source: Public
- Municipal Trash: Yes
Location
- School Information
- School District Name: READING
- School District Source: Listing Agent
- Location Information
- Directions: Take Rt 222 Business through Shillington toward the City of Reading. Building is on the right a few doors past McDonalds
- Municipality: READING CITY
Public facts
- Beds: 3
- Baths: 3.0
- Sq. Ft.: 1,879
- Stories: 2.0
- Lot Size: 8,276 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1900
- Year Renovated: —
- County: Berks County
- APN: 77439507582900
Around this home
Schools
Public PreK-4 • Assigned • 1.1mi
Public 7-8 • Assigned • 0.5mi
Public 9-12 • Assigned • 0.7mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
7 days above 100° expected this year, 16 days in 30 years
14% chance of strong winds in next 30 years
2 unhealthy days expected this year, 3 days in 30 years
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.
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Nearby similar homes
New listings for sale in 19607
Home values near 312 Lancaster Ave
| Address | Redfin Estimate |
|---|---|
6 Beds | 3.5 Baths | 2859 Sq. Ft. | $404,496 |
3 Beds | 1.5 Baths | 1588 Sq. Ft. | $216,574 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 1522 Sq. Ft. | $249,358 |
4 Beds | 2 Baths | 1456 Sq. Ft. | $268,575 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 2950 Sq. Ft. | $412,985 |
3 Beds | 1 Baths | 1472 Sq. Ft. | $235,975 |
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