516 E Lancaster Ave, Downingtown, PA 19335
Property image
Property image
OFF MARKET

$516,300

Trulia Estimate
  • 6 Beds
  • 3 Baths
  • 2,824 sqft

516 E Lancaster Ave, Downingtown, PA 19335

Est. Refi. Payment $3,267/mo*
Refinance Your Home
Currently Off Market - Sold Sep 3, 2025 for $495,000

Home Value

Trulia Estimate
$516K
Since last month
Increased$5K (+1%)
Since last year
Increased$30K (+6.2%)
Since last sale
Increased$22K (+4.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +80% in the last 10 years
MonthEstimated value
2026
August 2026$517K
August 2026$517K
July 2026$511K
June 2026$511K
May 2026$509K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
141 Washington Ave, Downingtown, PA
0.54
Multi-Family Home
$444,725
04/24/26
4
4
2,400
115 Whelen Ave, Downingtown, PA
1.12
Multi-Family Home
$500,000
12/30/25
4
-
1,920
4215 W Lincoln Hwy, Downingtown, PA
2.43
Multi-Family Home
$560,000
07/29/26
4
-
6,604
554 W Boot Rd, West Chester, PA
3.03
Multi-Family Home
$1,000,000
06/22/26
10
-
4,488
598 Embreeville, Downingtown, PA
3.42
Multi-Family Home
$505,000
08/21/26
7
-
3,573
332 W Washington St, West Chester, PA
5.66
Multi-Family Home
$550,000
05/14/26
4
-
1,826
335 W Miner St, West Chester, PA
5.90
Multi-Family Home
$950,000
07/21/26
5
-
3,348

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
514 E Lancaster Ave, Downingtown, PA 19335
0.01
$365,000
3
1.5
1,590
Recently Sold
512 E Lancaster Ave, Downingtown, PA 19335
0.01
$451,800
4
1.5
1,626
Off Market
119 W Whiteland Ave, Downingtown, PA 19335
0.10
$375,369
3
1
1,064
Recently Sold
23 W Uwchlan Ave, Downingtown, PA 19335
0.12
$704,300
3
3.5
2,696
Off Market
125 Whiteland Ave, Downingtown, PA 19335
0.13
$471,100
3
1.5
1,334
Off Market
700 E Lancaster Ave, Downingtown, PA 19335
0.16
$293,000
2
1.5
1,036
Recently Sold
417 Jefferson Ave, Downingtown, PA 19335
0.19
$378,900
3
1.5
1,239
Off Market
413 Washington Ave, Downingtown, PA 19335
0.20
$381,400
3
2
1,060
Off Market
430 Jefferson Ave, Downingtown, PA 19335
0.21
$310,000
2
1
1,440
Recently Sold
408 Washington Ave, Downingtown, PA 19335
0.22
$452,200
3
2
1,736
Off Market
17 Chestnut St, Downingtown, PA 19335
0.22
$524,300
3
1.5
1,633
Off Market

Local Information

  • Map ViewExplore the area around 516 E Lancaster Ave.
  • Schools2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1924
2,824 sqft
$183/sqft
8 Parking Spaces

About this House

Looking for a high-potential investment property in a prime location? This Craftsman-style residence in the Downingtown Borough is a unique opportunity for multi-family investors. Zoned R4 and offering flexible use, the property includes two rentable spaces, making it ideal for a full investment conversion or a mixed-use portfolio asset. The main structure includes a 5-bedroom, 2-bath unit full of charm and historic character—ideal for long-term or short-term rental. A separate 700SF space with a private entrance can function as a 1-bed, 1-bath efficiency rental or a small business unit. Additional features include eight off-street parking spaces, a stone-covered rear yard (which could be converted to additional parking, green space, or tenant recreation), and multiple decks that enhance livability and appeal. French doors open to a private deck off the office space, and the primary bedroom office includes a second deck, perfect for work-from-home renters. Located within walking distance to Downingtown Borough’s shops, dining, and parks, and just minutes to Routes 30, 100, and 202, this property is also in the top-rated Downingtown Area School District—an added draw for quality tenants. With its flexible zoning, strong rental history, and desirable location, this is a rare multi-family investment opportunity with built-in value and future upside.
516 E Lancaster Ave, Downingtown, PA 19335 is a 6 bedroom, 3 bathroom, 2,824 sqft multi-family built in 1924. It last sold for the $495,000 asking price on Sep 3, 2025. More recently, it was listed as a rental in September 2025 with an asking price of $3,200 per month. That rental listing was removed on November 26, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $516,300, with a rent estimate of $2,112/month.
Last check for updates: about 1 hour ago
Listed by Andrea Napoli, (610) 405-8326
Keller Williams Real Estate - West Chester
Bought with: Paul Graci, (484) 888-6933, Coldwell Banker Realty
Source: Bright MLS, MLS#PACT2101916

Home Details for 516 E Lancaster Ave

Interior Features

Interior Details
Basement: Exterior Entry,Rear Entrance,Walk-Out Access,OtherNumber of Rooms: 11Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 3
Dimensions and Layout
Living Area: 2824 Square Feet
Appliances & Utilities
Appliances: Refrigerator, Dishwasher, Oven/Range - Electric, Electric Water HeaterDishwasherRefrigerator
Heating & Cooling
Heating: Hot Water,Baseboard,Electric,Natural GasHas CoolingAir Conditioning: Window Unit(s),ElectricHas HeatingHeating Fuel: Hot Water
Fireplace & Spa
Number of Fireplaces: 1Has a Fireplace
Gas & Electric
Electric: 200+ Amp Service
Windows, Doors, Floors & Walls
Window: Replacement, Screens, Double Hung, Energy EfficientDoor: French DoorsFlooring: Ceramic Tile, Hardwood, Carpet, Luxury Vinyl, Wood
Levels, Entrance, & Accessibility
Accessibility: NoneFloors: Ceramic Tile, Hardwood, Carpet, Luxury Vinyl, Wood
View
Has a ViewView: Garden, Street

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Porch, DeckOther Structures: Above Grade, Below GradeExterior: Sidewalks, Street Lights, LightingFoundation: Brick/Mortar, StoneNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageParking Spaces: 8Parking: Paved,Crushed Stone,Parking Lot,Off Street
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1924
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: DetachedArchitecture: Craftsman
Building
Construction Materials: Frame, MasonryNot a New Construction
Property Information
Condition: Very GoodNot Included in Sale: Washers And DryersIncluded in Sale: Window Ac Units, Kitchen RefrigeratorParcel Number: 1105 0045

Price & Status

Price
List Price: $495,000
Status Change & Dates
Off Market Date: Thu Sep 04 2025Possession Timing: 0-30 Days CD, 31-60 Days CD

Active Status

MLS Status: CLOSED

Location

Direction & Address
City: DOWNINGTOWNCommunity: Downingtown
School Information
Elementary School: East WardElementary School District: Downingtown AreaJr High / Middle School: LionvilleJr High / Middle School District: Downingtown AreaHigh School: Downingtown High School East CampusHigh School District: Downingtown Area

Building

Building Area
Building Area: 2824 Square Feet

Community

Number Of Vacant Units: 2

Lot Information

Lot Area: 8700 sqft

Listing Info

Special Conditions: Standard

Offer

Contingencies: Financing Approval, Appraisal, Home InspectionListing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: PACT2101916Municipality: DOWNINGTOWN BORO

Price and Tax history

DateEventPrice
Nov 26, 2025
Source: Bright MLS #PACT2110580
ListingRemoved
$2,975
Oct 19, 2025
Source: Bright MLS #PACT2110580
PriceChange
$2,975
Price decreased by 4%
Oct 13, 2025
Source: Bright MLS #PACT2110580
PriceChange
$3,100
Price decreased by 3%
Oct 6, 2025
Source: Bright MLS #PACT2110580
PriceChange
$3,200
Price increased by 8%
Oct 2, 2025
Source: Bright MLS #PACT2110580
PriceChange
$2,950
Price decreased by 8%

Market trends in Downingtown

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$521K
$8KMoM
Sale-to-List Price
100.6%
0.3%MoM
Price per sq ft
$248
$2MoM
Available listings
108
13MoM

Around this home

What Locals Say about Downingtown

At least 316 Trulia users voted on each feature.

  • 92 % Say car is needed

  • 88 % Say it's dog friendly

  • 87 % Say parking is easy

  • 83 % Say there's holiday spirit

  • 81 % Say yards are well-kept

  • 77 % Say kids play outside

  • 77 % Say people would walk alone at night

  • 67 % Say neighbors are friendly

  • 67 % Say it's quiet

  • 66 % Say there are sidewalks

  • 61 % Say there's wildlife

  • 60 % Say they plan to stay for at least 5 years

  • 49 % Say there are community events

  • 48 % Say streets are well-lit

  • 46 % Say it's walkable to restaurants

  • 33 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Luighsighe Hennigan
    "Great family area. Great schools. Need a car to get around hug a wonderful place to raise a family. Coffee shops, fast food, great restaurants. Gets better every year "
    0
    Flag
  • Joseph A. Michetti
    "Great schools, active community members, growing social life scene. Growing in popularity. Exton and KOP a quick drive. "
    0
    Flag
  • J.massucci
    "This area is fantastic! Parks are nearby that have many things going on in Summertime, baseball, tennis, basketball courts, outdoor concerts under pagoda, walking trails and sidewalks that you can walk to just about anything, transit, Restaurants, Railway"
    0
    Flag
  • Freddy Santiago
    "Nice school district, great and neighborhoods. Downingtown is begin to boom with retail and more new home being built"
    0
    Flag
  • Amysnyder11
    "Lots of rush hour traffic. Pennsylvania roads do not have enough lanes. Too many people have moved to Chester County and the roads have not been improved accordingly. "
    0
    Flag
  • Leenie
    "There is access to public transportation. The train runs to Philadelphia and bussing is also available. "
    0
    Flag
  • Luighsighe Hennigan
    "Lived here for 3.5 years. Love it! Family friendly, great schools, diversity! Great little breakfast stops and good dinner options in Downingtown and within 20 min drive! "
    0
    Flag
  • John Saunders
    "Safe and clean neighborhood well maintained homes and common areas. Excellent recreational facilities. "
    0
    Flag
  • trackgirl22
    "It is okay it’s not really close to anything and I don’t really like this area because I have to go places closer to NJ"
    2
    Flag
  • Catherine Baird
    "A lot of car traffic so need to be careful of cars. Lots of kids play outside. Nice parks to play in walk dogs. Kerr park is very popular for a lot of events but also just to hang out"
    2
    Flag
  • Colleen
    "The home owners association does not allow fences which are preferable for keeping dogs safe in your yard. "
    0
    Flag
  • Haf7411
    "They would like that there are good sidewalks and areas to walk you dogs. Dog owners usually don’t pick up after themselves though, so make sure you aren’t one of them if you move here!!"
    0
    Flag
  • caseylee525
    "Fun, FREE, family neighborhood events at least once a month. Community involvement, great place for families with young kids"
    0
    Flag
  • Sgledhill65
    "Lived here for 24 years and we love it great place to bring up children and the school district is great "
    0
    Flag
  • Fhk2u
    "All abilities park, library, houses, stores, bakery shops, restaurants, great school district, great walking trails. "
    0
    Flag
  • Unspecified
    "The neighborhood of Victoria Crossing is turning over and moving from original owners to new families. A lot of young families are moving in! Perfect for those with little ones - or kids of any age really. All streets are cul de sacs, which allow you to really get to know your neighbors, giving built in friends. "
    0
    Flag
  • Unspecified
    "West Bradford Days is a special day that they set up animals, face painting, fire trucks and food trucks. It’s a great community feel. "
    0
    Flag
  • Seth A.
    "big park nearby with fish, trees, a river, and plenty of space for the dogs to run. with restaurants nearby and plenty of tables (along with a playset for any kids) its a perfect relaxing area "
    1
    Flag
  • Trulia User
    "Downingtown is known as the good neighbor community. A new train station/entertainment/residential community is being built"
    0
    Flag
  • Luisa G.
    "Halloween is always fun, Christmas many participate in joint decorations, we alert each other of any safety concerns through Facebook page, everyone waves or says hello."
    0
    Flag
  • Superbonbon75
    "There is a lot to do in Downingtown Borough. The community is supportive and active. People care about their homes and are constantly improving them. Great area for kids to grow up in and find their first jobs near home. #smalltownheaven"
    2
    Flag
  • Amanda B.
    "I think dog owners would be pleased with the neighborhood. They just need to pick up after their pets."
    12
    Flag
  • Superbonbon75
    "I’ve lived here for 20 years. Graduated HS from Downingtown and had a great education to prepare me for life. The community cares and works together. District teachers move here because they want their own children in the public schools. Downingtown has a good reputation that I know is real and not fake. The borough is always becoming more and more attractive over the years. "
    2
    Flag
  • Amber M.
    "Pretty good. My commute has been best if I leave very early (i.e. before 7AM) or mid-day (b/w 11:30AM and 12:30PM). Otherwise, 202 can be rough."
    4
    Flag
  • Ross M.
    "This is a good, quiet neighborhood. It's a little expensive to live here, but this is a solid place to live. "
    1
    Flag
  • Kregan7254
    "There seems to always be horrible traffic during the afternoon commute because of construction that is ongoing "
    0
    Flag
  • Karlyn C.
    "Loud music, rude community, and the cops coming around. There are two Wawas, that's ok.trying to hit the minimum now..."
    0
    Flag
  • Crystal D.
    "Nice area to live and work. Public transportation isn’t as common or accessible as I wish, but overall it’s a very nice place to live. "
    0
    Flag
  • Mel K.
    "Close to stores, parks and restaurants. Easy access to 30 and 202. Quiet and spacious. Good schools. "
    1
    Flag
  • Luisa G.
    "Most homes with dogs have fenced in yards. People are comfortable with dogs in the area including barking, walking, etc."
    0
    Flag
  • Melissa K.
    "Great schools, quiet neighborhood, convenient to shops and restaurants. Friendly, spacious and close to parks and YMCA."
    1
    Flag
  • Lawrence S.
    "Very safe. I have lived in this neighborhood for years and have never experienced violence or discrimination. "
    5
    Flag
  • Bram K.
    "Struble trail is great for dogs. Clean up bags at sunnybrook park. Plenty of sidewalks and open space. "
    0
    Flag
  • Asha M.
    "Summer festivities and children’s activities, very family friendly town that is still a small town but very close to a large city. "
    0
    Flag
  • Marc F.
    "I have lived here for 12 years people here are friendly and kind. It’s a nice quiet day place to put down roots and start a family. "
    0
    Flag
  • Jomama
    "There are several trails nearby to walk your dog and also sidewalks. There are also dog parks and local restaurants where the owners let you eat outside with your dogs. "
    0
    Flag
  • Kachambers72
    "I’m not a dog owner but there is no place for dogs to play and roam and they need to be on a leash at all times."
    0
    Flag
  • MVO
    "Block parties and nice area to walk did. Convenient to grocery store and major hugh ways . Community concerts and outdoor movies. Parks are abundant and lots to do."
    0
    Flag
  • Dbroody13
    "conveniently located near route 30 bypass, route 113 and route 322 nice parks buildings well maintained and not run down looking nice area "
    0
    Flag
  • Robvolatile
    "A terrific place to live. People are great. Crime doesn’t exist. Easy access to everywhere. I would recommend it but it isn’t cheap. "
    0
    Flag

LGBTQ Local Legal Protections

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc. Click here for more information

Frequently asked questions about 516 E Lancaster Ave

  • What is 516 E Lancaster Ave estimated to be worth?
    Trulia's estimated value for 516 E Lancaster Ave in Downingtown, PA is $516,300.
  • What is the price history for 516 E Lancaster Ave?
    516 E Lancaster Ave in Downingtown, PA last sold for $495,000 in September 2025.
  • Is Downingtown a buyer's or seller's market?
    Downingtown is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Downingtown?
    The median sale price in Downingtown is $521K. That is up $8K from the prior month.
  • Does 516 E Lancaster Ave have air conditioning?
    Yes, 516 E Lancaster Ave in Downingtown, PA has air conditioning.
  • Does 516 E Lancaster Ave have parking?
    Yes, 516 E Lancaster Ave in Downingtown, PA has on-site parking.

Explore by feature - Pet Friendly

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Off Market Homes Near 516 E Lancaster Ave

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