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137 W Lancaster Ave, Downingtown, PA, 19335

2beds
2baths
3,000sqft
$424,900
$142price/sqft
$3,002/moest. monthly cost
$120,080/yrincome needed

About This Home

137 W Lancaster Ave Downingtown. mixed unit. Store front and 1 bedroom apartment with 2 bathroom. 3rd floor used to be finished could be finished again for additional bedroom. Call agent for Potential Income for store front with 1 full bathroom (includes shower) and the 2nd floor apartment. This used to be a 3 unit. Owner wanted to have a large store front and turned this into a larger first floor store front. There is 8 parking spots for this lot. Potential Cap rate is 6.8%. This is a good investment for you or a place for your business? The owner is relocating and business is not included. This is 1 block away from the Downingtown Train Station and half a block away from the Septa Bus Stop. Right on the Main Street of Downingtown. This is a great location!

Getting Around

75
WalkingVery Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

7/10
Beaver Creek El SchoolGrades K-50.6 mi
10/10
Downington Middle SchoolGrades 7-80.9 mi

Construction

Condition

  • Property condition: Excellent
  • Year built: 1950

Materials

  • Foundation: Block,Other
  • Construction materials: Frame,Stucco

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Dirt Floor

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Heating & Cooling

  • Heating features: Hot Water,Natural Gas
  • Cooling features: Window Unit(s),Electric

Interior Area

  • Total structure area: 3,000
  • Total interior livable area: 3,000 sqft

Property

Accessibility

  • Accessibility features: 2+ Access Exits,Accessible Entrance

Details

  • Parcel number: 1107 0314
  • Zoning: R60 MIX
  • Special condition: Standard
  • Exclusions: Tenants Personal Property

Features

  • Pool features: None
  • Exterior features: Awning(s)
  • Has view: Yes
  • View description: Street
  • Frontage type: Road Frontage

Lot

  • Lot size: 5,600 sqft
  • Features: Rear Yard,Downtown
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 8
  • Parking features: Private,Secured,Driveway
  • Has uncovered spaces: Yes
  • Uncovered spaces: 8

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Heat Wave
Strong Wind

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,148$25,776
Home Insurance *$94$1,128
Property Taxes $431$5,172
Electricity $329$3,949
Total$3,002$36,024
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,925/yr
40% on housing$90,060/yr
45% on housing$80,053/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$142This listing

vs Other Active Listings

Avg $/sqft

ZIP 19335$231
Chester County$254

vs Homes Sold Last Month

Median $/sqft

ZIP 19335$242
Chester County$241

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-11Price change$424,900
2024-04-23Price change$429,900
2024-04-12Price change$439,000
2022-07-07Listed for sale$449,000
2022-06-27Listing removed$449,000
2022-05-10Listed for sale$449,000
2022-03-08Listing removed--
2022-03-04Listed for rent$1,200
2022-01-01Listing removed$449,000
2021-08-27Price change$449,000
2021-04-30Price change$458,000
2021-04-13Listed for sale$459,000

For Sale by Agent

AgentPeter Gustis
BrokerageSpringer Realty Group

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