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Sold for $607,000
  • $607,000

    1023 W Lancaster Ave, Bryn Mawr, PA 19010

    3beds
    --baths
    2,900sqft
    Triplex
    Built in 1920
    -- sqft lot
    $705,600 Zestimate®
    $209/sqft
    $2,460 Estimated rent

    Home value

    $705,600

    $663,000 - $762,000

    $2,460/mo

    Zestimate® history
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    What's special

    This is your opportunity to own a triple income commercial or owner user property in the heart of the main line - Bryn Mawr PA. All units are currently occupied creating a combined rent of $4566 per month with yearly increases built into the rent. Unit 1 is a large retail storefront with a large front display glass window. It includes one fully renovated bathroom and a fully usable basement. This highly foot-trafficked unit is perfect for any retail operation. It is currently being operated as a nail salon. The unit is approximately 400 sq. ft. Unit 2 is a 1-bedroom 1-bathroom residential dwelling. The unit is approximately 450 sq ft. It has a private entrance on the side of the building and the bathroom was recently remodeled. Unit 3 encompasses the rear half of the building and is a two-and-a-half-story, 2-bedroom 1-bathroom apartment with a basement and private entrance in the rear. The unit has a large back patio space and a private paved area. The tri-plex is conveniently located in the heart of a shopping center with plenty of public parking directly across the street. The property is in great condition with no current issues. The roof was also redone this year. The Zoning Classification is "BMV4"-"Bryn Mawr Village District "4".

    Zillow last checked:

    Listing updated:

    Listed by:

    Matthew James Fleming 215-384-3538,

    Realty Mark Cityscape

    Bought with:

    Maria Difrancesco, rs313652

    Times Real Estate, Inc.

    Source: Bright MLS,MLS#: PAMC2086638MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    Basement
    • Area: 800
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Interior Entry
    • Has fireplace: No
    Interior area
    • Total structure area: 3,700
    • Total interior livable area: 2,900 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 1,500 Square Feet
    Details
    • Additional structures: Above Grade
    • Parcel number: 400030408008
    • Zoning: COMMERCIAL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Triplex
    Materials
    • Brick
    • Foundation: Brick/Mortar, Concrete Perimeter
    • Roof: Architectural Shingle
    Condition
    • Good
    • New construction: No
    • Year built: 1920
    • Major remodel year: 2022

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None Available
    Location
    • Region: Bryn Mawr
    • Municipality: LOWER MERION TWP

    Financial & listing details

    • Price per square foot: $209/sqft
    • Tax assessed value: $214,000
    • Annual tax amount: $7,000
    • Date on market: 10/14/2023
    • Listing agreement: Exclusive Agency
    • Listing terms: Negotiable
    • Inclusions: Washer, Dryer, Refrigerator, Dishwasher.
    • Exclusions: Commercial Equipment In Unit 1
    • Ownership: Fee Simple
    • Total actual rent: 54000

    Price history

    DateEventPrice
    12/27/2023Sold$607,000-6.6%$209/sqft
    Source: Bright MLS #PAMC2086638 Report a problem
    12/13/2023Contingent$650,000$224/sqft
    Source: Bright MLS #PAMC2086638 Report a problem
    11/3/2023Price change$650,000-3.7%$224/sqft
    Source: Bright MLS #PAMC2086638 Report a problem
    10/14/2023Listed for sale$675,000+144.6%$233/sqft
    Source: Bright MLS #PAMC2086638 Report a problem
    10/4/2023Listing removed--
    Source: Zillow Rentals Report a problem
    9/20/2023Price change$1,550-1%$1/sqft
    Source: Zillow Rentals Report a problem
    9/19/2023Listed for rent$1,565+11.8%$1/sqft
    Source: Zillow Rentals Report a problem
    2/11/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    2/8/2022Price change$1,400-6.7%
    Source: Zillow Rental Manager Report a problem
    1/9/2022Price change$1,500-6.3%$1/sqft
    Source: Zillow Rental Manager Report a problem
    10/28/2021Price change$1,600-5.9%$1/sqft
    Source: Zillow Rental Manager Report a problem
    10/19/2021Price change$1,700-5.6%$1/sqft
    Source: Zillow Rental Manager Report a problem
    10/2/2021Listed for rent$1,800$1/sqft
    Source: Zillow Rental Manager Report a problem
    12/29/2014Sold$276,000$95/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,286 +5%$214,560
    2024$8,843 $214,560
    2023$8,843 +4.9%$214,560
    2022$8,428 +2.3%$214,560
    2021$8,236 +2.5%$214,560
    2020$8,035 +1.8%$214,560
    2019$7,893 +1.9%$214,560
    2018$7,749 +3.1%$214,560
    2017$7,519 +3.4%$214,560
    2016$7,269 +3.7%$214,560
    2015$7,011 $214,560
    Find assessor info on the county website

    Neighborhood: 19010

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Lower Merion

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $705,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $705,600