540 Lancaster Ave, Reading, PA 19611
Property image
Property image
OFF MARKET

$370,600

Trulia Estimate
  • 7 Beds
  • 4 Baths
  • 2,560 sqft

540 Lancaster Ave, Reading, PA 19611

Est. Refi. Payment $2,468/mo*
Refinance Your Home
Currently Off Market - Sold Mar 17, 2016 for $127,500

Home Value

Trulia Estimate
$371K
Since last month
Increased$14K (+3.8%)
Since last year
Increased$23K (+6.5%)
Since last sale
Increased$242K (+189.9%)
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 +241% in the last 10 years
MonthEstimated value
2026
August 2026$370K
August 2026$370K
July 2026$356K
June 2026$363K
May 2026$373K
April 2026$355K
March 2026$354K
February 2026$350K
January 2026$360K
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
130 Belvedere Ave, Reading, PA
0.45
Multi-Family Home
$280,000
06/24/26
4
4
3,251
103 Upland Ave, Reading, PA
0.51
Multi-Family Home
$221,000
07/28/26
3
3
1,626
340 S 5th St, Reading, PA
0.84
Multi-Family Home
$494,000
03/03/26
6
5
2,628
307 S 6th St, Reading, PA
0.96
Multi-Family Home
$245,000
08/06/26
5
2
2,840
1024 Meade St, Williamsport, PA
0.45
Multi-Family Home
-
08/14/26
4
4
1,858
107 S 6th St, Reading, PA
1.14
Multi-Family Home
$240,000
09/10/25
7
2
2,392
536 S 6th St, Reading, PA
0.74
Multi-Family Home
$245,000
04/28/26
4
-
2,772
229 Upland Ave, Reading, PA
0.44
Multi-Family Home
$222,000
08/27/26
3
-
1,382
129 N 8th St, Reading, PA
1.51
Multi-Family Home
$180,000
01/23/26
2
3
1,980
208 Clymer St, Reading, PA
1.63
Multi-Family Home
$265,000
10/24/25
6
3
2,714

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
541 Fern Ave, Reading, PA 19611
0.04
$224,300
4
1.5
1,174
Off Market
509 Fern Ave, Reading, PA 19611
0.06
$200,000
4
2
1,331
Recently Sold
609 E Lancaster Ave, Reading, PA 19611
0.07
$265,000
3
2
1,636
For Sale
609 Fern Ave, Reading, PA 19611
0.07
$233,000
3
2
1,120
Off Market
27 Grace St, Reading, PA 19611
0.09
$231,000
5
1
1,712
Recently Sold
534 Fern Ave, Reading, PA 19611
0.07
$232,300
3
1
1,296
Off Market
508 Fern Ave, Reading, PA 19611
0.08
$266,100
3
1.5
1,320
Off Market
624 Lancaster Ave, Reading, PA 19611
0.10
$275,000
4
2
2,434
Off Market
429 Fern Ave, Reading, PA 19611
0.12
$255,400
5
2
2,076
Off Market
427 Fern Ave, Reading, PA 19611
0.12
$165,000
5
1.5
1,684
Recently Sold
511 Park Ave, Reading, PA 19611
0.11
$230,000
4
1.5
1,280
Recently Sold
624 Fern Ave, Reading, PA 19611
0.10
$226,300
4
1.5
1,032
Off Market

Local Information

  • Map ViewExplore the area around 540 Lancaster Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1921
2,560 sqft
$145/sqft

About this House

Great investment opportunity. Completely rehabbed in 2007, and updated 2014/2015 income property. Easy to rent and low maintenance. Off street rear parking 7 plus cars. Semi-Detached/Twin type. 3 Stories, All heat separated and paid for by tenants. 3 newer gas boilers and one unit baseboard electric heat. All units occupied. No delinquency, good, clean paying tenants. Cap rate 9%. Annual GPR $29,520. Annual taxes $3,102. Net Operating Income $12,700. Brokers and Realtors invited and protected. Great property manager. Owners pay water, sewer, trash, taxes, recycling. Tenants pay gas and electric. Updated electric, new deck front and rear. All replacement windows. This property is offered along with 536 Lancaster Avenue located right next door, a 5 unit C/Res property with off street parking.
540 Lancaster Ave, Reading, PA 19611 is a 7 bedroom, 4 bathroom, 2,560 sqft multi-family built in 1921. It last sold for $127,500 on Mar 17, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $370,600, with a rent estimate of $1,546/month.

Home Details for 540 Lancaster Ave

Interior Features

Heating & Cooling
Heating: Baseboard, Forced Air, Radiant, Electric, GasAir ConditioningCooling System: WallHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 3Floors: Other, Carpet, Hardwood, Laminate, Linoleum Vinyl
Interior Details
Additional StorageNumber of Rooms: 11Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Mud Room, Office, Pantry, Recreation Room, WorkshopStorageCeiling Fan
Appliances & Utilities
MicrowaveRefrigerator
Windows, Doors, Floors & Walls
Double Paned Windows

Exterior Features

Exterior Home Features
Roof: Asphalt, Composition, Shake ShingleDeckExterior: Vinyl, BrickPatioPorch
Parking & Garage
Parking: Off Street, On Street

Property Information

Year Built
Year Built: 1921
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Community

Units in Building: 4

Lot Information

Lot Area: 3920 sqft

Mobile R/V

RV Parking
Rv Parking

Price and Tax history

DateEventPrice
Mar 24, 2021
Source: N/A
ListingRemoved
Mar 18, 2016
Source: N/A
ListingRemoved
$139,900
Mar 18, 2016
Source: N/A
Listed For Sale
$139,900
Mar 17, 2016
Source: N/A
Sold
$127,500
Feb 27, 2016
Source: N/A
Pending
$139,900

Market trends in Reading

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$260K
$13.33KMoM
Sale-to-List Price
100.3%
Price per sq ft
$159
$2MoM
Available listings
393
32MoM

Around this home

What Locals Say about Reading

At least 1993 Trulia users voted on each feature.

  • 82 % Say there are sidewalks

  • 78 % Say car is needed

  • 75 % Say it's dog friendly

  • 73 % Say yards are well-kept

  • 69 % Say there's holiday spirit

  • 67 % Say kids play outside

  • 58 % Say it's walkable to grocery stores

  • 53 % Say streets are well-lit

  • 53 % Say parking is easy

  • 51 % Say people would walk alone at night

  • 48 % Say it's walkable to restaurants

  • 48 % Say they plan to stay for at least 5 years

  • 48 % Say neighbors are friendly

  • 46 % Say it's quiet

  • 43 % Say there's wildlife

  • 28 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Julio Pacheco
    "Everybody is looking for each other’s "
    1
    Flag
  • Fg5mshvryr
    "Very picky they call the police for anything and everything. Is quiet but neighborhood is very noisy "
    1
    Flag
  • Juan
    "Reading is a great place to live, especially if you’re on the border next to the West and want a neighborhood that feels clean, safe, and walkable. The area has great parks, and it’s perfect for kids, casual walks, and bike rides around town. Like anywhere, you may occasionally see people trying to break into cars, but it’s sporadic rather than constant, and most of the time the neighborhood feels peaceful. A lot of the neighbors are friendly and easy to get along with, though, like anywhere, there are a few difficult people mixed in. Overall, Reading has a strong small-town feel with good energy and plenty to like. Reading’s borough site highlights its 21-acre park and community recreation options, and local sources commonly describe it as walkable and family-friendly"
    0
    Flag
  • Trulia User
    "I've lived in this neighborhood for almost 10 yrs and love it. Nice people and stores and restaurants within walking distance and a Safe feeling when out walking!"
    2
    Flag
  • Enjoli Ruley-Yates
    "Know what part of reading and what school district you are looking to move into. Parking is crazy in the city."
    0
    Flag
  • Kiara Felix Cruz
    "Parents generally prioritize fostering a safe, loving, and nurturing environment that promotes their child's long-term well-being and independence. Key priorities include providing unconditional love, establishing consistent boundaries, building strong communication, and modeling good behavior. Parents also highly value teaching responsibility and"
    0
    Flag
  • Trulia User
    "This area is a Friendly area but please make sure you check the predator app cause they are several in the area for those people who have children."
    0
    Flag
  • Trulia User
    "Very cheap, too many jobs opportunities,the cost of leaving is not that bad ,good people, is like all different states that has their good side and the bad side."
    0
    Flag
  • Kiara Felix Cruz
    "Dog owners in Reading love the abundance of scenic green spaces, such as Gring’s Mill Recreation Area and the Reading Public Museum Arboretum, which feature extensive walking trails. Secure, off-leash play is a major plus at spots like Jim Dietrich Dog Park and the new Schlegel Park facility"
    0
    Flag
  • Trulia User
    "Bus transportation at every corner, easy to get around either by walking, bus, bike, scooter, handicap rams on corners. Traffic light"
    0
    Flag
  • Ki
    "They treat you like family and are very awesome towards you they have block parties they get along monster the race color appearance "
    2
    Flag
  • Shane81evans
    "Quit streets good hard working people A neighborhood's uniqueness comes from its unique blend of people, local businesses, amenities, and character. Factors like safety, the quality of schools, and community atmosphere contribute to its distinct identity, while specific features such as a thriving food scene, parks, or a rich history can make it special. Ultimately, a neighborhood becomes unique through the relationships residents build, the shared meanings they attach to places, and the lifestyle it"
    0
    Flag
  • Fred Matias
    "Our neighborhood is quite and safe. We have children in the neighborhood running up and down the block. There are no issues nor problem in our Nieghbor’s. "
    0
    Flag
  • ReadingRenter
    "Need a car for anything unless taking public transportation. 5th street highway is the best location for the city of reading. "
    0
    Flag
  • Jose Pinheiro
    "If you’re looking for the perfect place to call home, let me introduce you to my outstanding neighborhood — a true hidden gem! 🌿 ✅ Safe and Secure – Peace of mind is priceless, and here we enjoy a strong sense of safety and community watch. ✅ Quiet & Peaceful – Away from the noise, close to nature, and perfect for families, retirees, or anyone who values a calm environment. ✅ Friendly Neighbors – The kind of place where people still wave hello, lend a hand, and make you feel at home. ✅ Beautiful Streets & Well-Kept Homes – Pride of ownership is everywhere you look. ✅ Perfect Location – Convenient access to schools, parks, local shops, and commuter routes."
    0
    Flag
  • Fred Matias
    "No community events are or have been done here, but I would love to have a neighborhood block party to celebrate us as a people. "
    0
    Flag
  • Ktweber
    "I live in a pet friendly apartment complex and see many people walking their dogs around. Most people keep their dogs on leash. "
    0
    Flag
  • A.delacruzh
    "El Hass special event to make my community special because it’s too many culture that’s why are dividid"
    0
    Flag
  • Yoel Mejia Brito
    "Great community and great neighborhood beautiful people I am very happy living here I am secure and protected "
    0
    Flag
  • Juliocesarsalcedod
    "We have some events in special dates, for example in summer we have a special event for example kids parks. "
    0
    Flag
  • Keona Thompson
    "It’s peaceful and quiet for the most part and the cleanest area throughout reading beside the suburbs "
    0
    Flag
  • Leslie.perez1768
    "I don’t know cause I don’t have a dog but there are to many dogs in my area of reading and I’m allergic to them so it’s not really a good area for people allergies to Live in"
    0
    Flag
  • Lena Taniyo
    " There is a lot of people walking their dogs around Exeter neighborhoods. For the most part everyone picks up after their dogs. Just remember always leash your dog! :) "
    0
    Flag
  • Oscarasocorro
    "Diversity of culture is what makes this neighborhood so unique and special, you can find and see everything in here"
    0
    Flag
  • Jennsantanao.04
    "I need more space where to have my pet and I want an extra room and a better school nearby for my daughter."
    0
    Flag
  • Morsletine67
    "There are a lot of people that walk their dogs in this area and most people are animal friendly, but you do have some people that put up signs to keep off lawn. The reason I believe this happens is because you do have some people, very few, that will walk their dogs at night and not clean up. As a dog owner, I always clean up after my dog and I get very annoyed when I am walking and I see that someone didn’t clean up after their dog. "
    0
    Flag
  • Jul Kastle
    "Very Friendly Neighborhood~We Feel safe in our Community. Everyone is friendly and welcoming..Nice place to call Home. "
    0
    Flag
  • Jfinks69
    "Neighbors are respectful of each other and their properties. The area is maintained and is close enough to shops and businesses without being too close. "
    0
    Flag
  • Morgan
    "724 can be backed up at times, which is annoying. Local groceries, post office, school and farmers market is all very convenient. "
    0
    Flag
  • Pchacon2122
    "Neighbors are pet friendly and I have ample space for my dogs in my yard. I feel my dogs are safe in our yard/home "
    5
    Flag
  • D. Rivera
    "Absolutely nothing. I moved here because I lived among the elderly and they began moving and selling their homes after Covid. Now the neighbors are loud with music playing constantly. Outside smoking weed and using profanity all the time. Gets worse during the summer time. I cannot let my kids outside to ply because there is no respect for them as children."
    25
    Flag
  • hm96
    "Some people do not keep their dogs quiet, then the barking picks up when people or another dog is walking by. "
    0
    Flag
  • Keesha Hill
    "The area of safety the schools and shopping the community overall The living of country suburban life "
    0
    Flag
  • Trulia User
    "Never leave your children alone outside. Many predators live in the area and it’s just not safe to leave them alone. "
    13
    Flag
  • Trulia User
    "My neighborhood has great access to public transportation. It's near to a lot of market, you can get your foods ordered and delivered with no problem. "
    5
    Flag
  • Trulia User
    "My neighborhood is dangerous and not safe for kids. I am expecting twins and do not feel comfortable living here."
    10
    Flag
  • Trulia User
    "Evening music and live action and drama. There are usually festivals and community events during all seasons "
    1
    Flag
  • Trulia User
    "There’s a dog swim every year on the last day that the pool is open where the dogs of the area get to go swimming. They also do a family night out every year where they show a movie on a big screen and have police and fire trucks teaching safety and playing games and vendors "
    3
    Flag
  • Cjmayernik
    "easy access to major roadways heading towards Lancaster and Ephrata area as well as towards the Exeter and Philadelphia areas"
    0
    Flag
  • Shane W.
    "great community to live in. lots of areas for kids and adults to both do and have activities.........."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 540 Lancaster Ave

  • What is 540 Lancaster Ave estimated to be worth?
    Trulia's estimated value for 540 Lancaster Ave in Reading, PA is $370,600.
  • What is the price history for 540 Lancaster Ave?
    540 Lancaster Ave in Reading, PA last sold for $127,500 in March 2016.
  • Is Reading a buyer's or seller's market?
    Reading is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Reading?
    The median sale price in Reading is $260K. That is up $13.33K from the prior month.
  • Does 540 Lancaster Ave have air conditioning?
    Yes, 540 Lancaster Ave in Reading, PA has air conditioning.
  • Does 540 Lancaster Ave have laundry facilities?
    Yes, 540 Lancaster Ave in Reading, PA has laundry facilities.

Explore by feature - Pet Friendly

84 pet-friendly rentals in Reading, PA

Explore by feature - Garage

40 rentals with a garage in Reading, PA

Explore by feature - Air Conditioning

147 rentals with air conditioning in Reading, PA

Explore by feature - Pool

29 rentals with a pool in Reading, PA

Explore by feature - Washer/dryer

91 rentals with a washer/dryer in Reading, PA

Explore by feature - Outdoor Space

34 rentals with an outdoor space in Reading, PA

Apartments for Rent

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Off Market Homes Near 540 Lancaster Ave

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Homes for sale near 540 Lancaster Ave

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