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$1,420,000 Just Listed
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Property Description
Mixed-use investment opportunity located along Lancaster Avenue, one of Downingtown's primary commercial corridors. The property consists of eight one-bedroom residential apartments positioned above two street-level retail storefronts, creating a diversified income stream from both residential and commercial tenants. The residential units benefit from strong rental demand driven by the area's employment base, walkability, and convenient access to the Downingtown Borough center, SEPTA Regional Rail, and Amtrak service. The retail storefronts enjoy visibility along Lancaster Avenue and provide additional income diversification within the asset. The property currently generates approximately $138,528 in annual gross rental income and includes a mix of market-rate and Housing Authority of Chester County (HACC) supported tenants, providing stable occupancy and consistent cash flow. This property is being offered individually or as part of a 75-Unit Portfolio, a larger collection of 11 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandum and Portfolio information, financials, and supplemental offering materials are available upon request.
Full Property Details
Full Property Details for 145 W Lancaster Ave
General
- Price: $1,420,000
- Taxes: $12,088 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PACT2128994
- Updated: Today (6/22/2026)
- Added to Site: Today
Business
- Business Type: Apartment Building, Other
Parking
- Total Spaces: 8
- Parking Type: On Street, Parking Lot
Location
- Area: Downingtown Boro (10311)
- Municipality: DOWNINGTOWN BORO
- County: CHESTER
- Driving Directions: GPS
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Other
- Entry Floor Number: 1
- Stories/Levels: 3
- Building Size: 9996
- Year Built: 1900
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,042
- Lot Size Source: Assessor
- Zoning: C-2
Financial Considerations
- Price Per Sq. Ft.: $142.06
- Assessment Year: 2026
- School Tax: $8,436
- City/TownTax: $2,286
- City/TownTax Freq: Annually
- County Tax: $1,365
- County Tax Freq: Annually
- Tax w/Assessment: $264,370
- Tax Amount: $12,088
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 317
Listed by Real of Pennsylvania, Beau McGettigan
Get Pre-Approved Today
Schools
Schools serving 145 W Lancaster Ave
School District:Downingtown Area School District
| Name | Grades | Distance |
|---|---|---|
Beaver Creek El School 601 West Pennsylvania Avenue, Downingtown, PA 19335 | K-5 | 0.6 mi |
Marsh Creek Sixth Grade Center 489 Dorlan Mill Road, Downingtown, PA 19335 | 6- | 3.7 mi |
Downington Middle School 115 Rock Raymond Road, Downingtown, PA 19335 | 7-8 | 0.9 mi |
Downingtown High School West Campus 445 Manor Avenue, Downingtown, PA 19335 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 145 W Lancaster Ave
Date
Details
Price
Change
Source
6/22/2026
Listed
$1,420,000
53.51%
MLS
1/13/2025
Sold
$925,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 145 W Lancaster Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,209
-90%
$264,370
—
2025
$11,771
7%
$264,370
—
2024
$11,040
2%
$264,370
—
2023
$10,775
2%
$264,370
—
2022
$10,556
2%
$264,370
—
2020
$10,364
—
$264,370
—
2019
$10,364
—
$264,370
—
2018
$10,364
—
$264,370
—
2017
$10,364
3%
$264,370
—
2016
$10,071
-2%
$264,370
—
2015
$10,309
—
$264,370
—
2014
$10,309
—
$264,370
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 145 W Lancaster Ave
145 W Lancaster Avenue, Downingtown, PA 19335 (MLS# PACT2128994) is a Apartment property. 145 W Lancaster Avenue is currently listed for $1,420,000 and was received on June 22, 2026. Want to learn more about 145 W Lancaster Avenue? Do you have questions about finding other Apartment real estate for sale in Downingtown? You can browse all Downingtown real estate or contact a Coldwell Banker agent to request more information.

