401 E Lancaster Avenue, Reading, PA 19607Asking Price of: $499,900

Come to our Open House this weekend, May 8th and 9th from Noon to 2:00 PM. Step into this exceptional corner property with lovely curb appeal in the heart of Shillington—a home that blends timeless charm with rare versatility. Dynamic property with endless possibilities! Use the entire home as your private residence, live in the main house while generating income from the basement apartment, or take advantage of the limited commercial zoning by operating your business from the private office space. Investors can also appreciate the opportunity to rent both units for maximum income potential. The moment you arrive you are greeted by the historic brick facade, accented by classic shutters, graceful columns, and dual balconies, sets the tone for the character found throughout. The main home welcomes you with a light-filled, eat-in kitchen featuring white cabinetry, generous counter space, and tile flooring. Original hardwood floors continue through the formal dining room and into the spacious living room, where a beautifully detailed brick gas fireplace creates a warm and inviting centerpiece. French doors lead to a bright home office with its own separate exterior entrance, offering an ideal setup for a small business or private workspace (LIMITED COMMERCIAL ZONING). The charm continues upstairs with four comfortable bedrooms and a full bath, while the fully remodeled walk-up attic offers a stunning additional bedroom with soaring 11-foot ceilings, new lighting, new carpeting, refinished hardwood floors, and abundant natural light—an unexpected retreat tucked beneath dramatic roof lines. Multiple heating sources, including gas radiant heat, mini-splits, and the gas fireplace, ensure year-round comfort. Outside, a private stone courtyard provides an inviting space forgathering, relaxing, or entertaining. Beyond the courtyard sits the spacious brick two-car detached garage with a private driveway. The property also includes a separate three-bedroom, one-bath rear apartment, complete with its own kitchen and living area—perfect for rental income, extended family, or limited commercial use permitted by zoning. Recently updated with all new LVP flooring, new doors, and fresh paint throughout. All of this is located just a short walk to the community pool, local parks, shopping, and schools, with right across from sought after Governor Mifflin High School, making this home a rare combination of space, charm, convenience, and income-producing potential. A truly one-of-a-kind opportunity in the heart of Shillington. Fully vacant- For investors looking to add this property to your investment portfolio; main home recently rented for $2,200 per month, the lower-level apartment for$1,400 and finally the office space separately projected at $900 per month, and detached garage rent for$300-$400 per month. Included in the sale is the lighted double-sided sign for business that reaches a high daily traffic count. Seller is a PA Licensed Realtor.