1. Home
  2. > Search
  3. > Homes for Sale in DOWNINGTOWN
  4. > 516 E Lancaster Avenue, Downingtown, PA 19335
$495,000
5
beds
2
baths
1
half bath
2,824
square ft

516 E Lancaster Avenue
DOWNINGTOWN, Pennsylvania 19335

Closed / MLS #PACT2099918 / Single Family / DOWNINGTOWN
Listing information updated 9/4/2025 at 8:41am
Looking for that perfect combination of a character-filled home and a smart investment opportunity? Step into the charm and versatility of this Craftsman-style 2,800+ SF home, ideally located in the Downingtown Borough. Offering 5 spacious bedrooms and 2 full baths, this residence is rich with character and modern potential. A standout feature is the 700 SF lower level space with its own private entrance-perfect for a small business, in-law suite, or an efficiency 1-bed 1-bath rental. Enjoy special touches like the primary bedroom's private deck, a cozy office with its own deck accessed through French doors, and a stunning wood-burning fireplace with stone surround and wood mantel. The walk-out basement offers generous storage and houses a current tenant running a small private laundry business-providing an option for continued rental income. The backyard includes eight off-street convenient parking spots and a stone-covered area that can be converted into a grassy yard if desired for outdoor enjoyment. Zoned R4, this property presents a wealth of possibilities-utilize the full square footage as a multi-unit rental, a combination of personal residence and investment space, or simply enjoy it as a unique and spacious single-family home. Just steps from the East Ward E1 elementary school and great shopping, minutes from Kerr Park, Struble Trail and Marsh Creek State Park, and the charm of Downingtown's vibrant borough with restaurants, breweries and artisan shops. Easy access to major routes (30, 100 & 202), this home is also located within the highly rated Downingtown Area School District. A rare opportunity with flexibility, location, and charm-all in one. This is a must see - schedule your showing today.
Architecture Style:
Craftsman
Exterior Type:
Sidewalks,Street Lights,Exterior Lighting
Basement:
Daylight, Full,Combination,Improved,Interior Access,Outside Entrance,Rear Entrance,Rough Bath Plumb,Side Entrance,Walkout Level,Other,Heated
Beds Above Grade:
5
Cooling System:
Window Unit(s)
Heating System:
Hot Water, Baseboard - Electric
Appliances:
Refrigerator, Dishwasher, Oven/Range - Electric
Main Level Primary Bedroom:
No
Fireplace:
Yes
Pool:
No
Age:
101 Years
Roof Type:
Shingle
Parking Type:
Paved Parking,Crushed Stone
Parking Spaces:
8
Room Count:
11
Water Front:
No
Square Feet:
2,824
Lot Size:
8700.00 Square Feet
Acreage:
0.20
Internal Features:
Attic, Bathroom - Tub Shower, Bathroom - Stall Shower, Breakfast Area, Carpet, Ceiling Fan(s), Floor Plan - Traditional, Formal/Separate Dining Room, Store/Office, Wood Floors, Efficiency, Other
Tax Amount:
$5,702
Tax Year:
2024
Zip Code:
19335
City:
Downingtown
County:
Chester
School District(s):
DOWNINGTOWN AREA
Elementary School:
East Ward
Middle School:
Lionville
High School:
Downingtown High School East Campus

Listing Office: Keller Williams Real Estate - West Chester

Listing Office Phone: 610.399.5100

Disclaimer: 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 2025 Bright MLS, Inc.

Map of 516 E Lancaster Avenue, Downingtown, PA 19335

Not quite what you are looking for?

Similar listings for sale near 516 E Lancaster Avenue, Downingtown, PA 19335

Like the area?

More homes for sale near 516 E Lancaster Avenue, Downingtown, PA 19335

516 E Lancaster Avenue, Downingtown, PA 19335 is a single family home which sold for $495,000. 516 E Lancaster Avenue features 5 Beds, 2 Baths, 1 Half Bath. This single family home has been listed on RLAH @properties since June 5th, 2025 and was built in 1924. Nearby schools include East Ward, Lionville, and Downingtown High School East Campus.