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Listing description

Welcome to 45 West Pennsylvania Avenue. This property is conveniently located at the corner of Pennsylvania Avenue and Manor Avenue, also known as Horseshoe Pike in the heart of the Borough of Downingtown. This property is an investment property, a multi-family dwelling and a lot to build another multi-family dwelling on if desired. The buildable lots can be used as rental property or a property that could be rebuilt and sold. Close proximity to Kerr Park, Churches of every denomination, local shopping, entertainment & food businesses make this property both beautiful & functional. Any business would thrive with this central location. This R4 Zoned property opens it up to numerous business types which can be listed for any interested investor. To name just a few, Doctor Offices, Dental Offices, Small business offices, Social Clubs, Bed & Breakfasts, Entertainment venues, multiunit investment property, and the list goes on of opportunity. Some local variances may be required for some businesses, please check with the Borough for any restrictions or inquire & we can provide you assistance. This building has been kept immaculately, gorgeous hard wood floors, new kitchen appliances & fixtures, a roof recently installed 2021 with a lifetime warranty that transfers to the new owners. Many upgrades were made while maintaining the original beauty of this building. Please contact Kelly Fuller Logan, Realtor LPT Realty to secure your private showing of this property. All showings require prequalified buyers. This includes the adjacent lot bringing the total property to almost 3/4 of an acre. Possibly for parking lot or outdoor storage or sheds.

Facts & features

Interior

Bedrooms
6
Bathrooms
3 full
Living area
2,630 sq ft
Heating
Hot Water
Cooling
None

Property & construction

Property type
Residential · Detached
Architectural style
Colonial
Year built
1900

Lot & parking

Lot size
0.31 acres (13,496 sq ft)

Financial

Price / sq ft
$570
HOA dues
None

Listing details

MLS #
PACT2118004
County
Chester County
School district
Downingtown Area
Days on market
136 days

Price history

DateEventPrice
Feb 22, 2026Listed for sale$1,500,000

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

Estimated taxes

Estimated at current rates

$5,116 / year

$426 per month

MLS shows (2022)

$4,568

+12.0% at current rates

School tax

DOWNINGTOWN AREA · 31.91 mills (2025-26)

$3,651

County tax

Chester County · 5.16 mills (2025)

$591

Municipal tax

As recorded for 2022, varies by municipality

$875

Assessment note: this home is assessed at $114,400, well below the ~$458,700 its asking price implies at Chester County's common level ratio (30.6%). A sale near asking can invite a school-district assessment appeal that could raise the bill by roughly $12,765/year. Worth pricing in.

Recomputed from the county assessment ($114,400, 1998 base year) × current millage. Portals typically reprint the recorded 2022 bill. Pennsylvania does not reassess on sale. Estimate only. Verify with Chester County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.

Estimated monthly payment calculator

$300,000 (20%)
6.43%

Loan term

Estimated monthly payment

$8,394/mo

Principal & interest
$7,530
Property taxes (current rates)
$426
Home insurance (est.)
$438

Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.

Area statistics

School district

Downingtown Area

Academic index
78.2/100
Graduation rate
96.9%
PSSA ELA proficient
72.8%
PSSA Math proficient
67.8%

2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Chester County crime & safety numbers →

FBI and Pennsylvania source data, presented without spin.

Property taxes

Chester County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

© BRIGHT, All Rights Reserved

Information Deemed Reliable But Not Guaranteed

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 in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Data last updated: July 8, 2026 at 2:25 PM EDT

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