Triplex with First-Floor Dental
8 RUNNEMEDE Avenue Lansdowne, PA 19050
For Sale
$645,000
MULTI_FAMILY - LANSDOWNE, PA
Property Size3,834 SF
Lot Size0.33 Acres
Price / SF$168.23
Days on Market99
Property Features for 8 RUNNEMEDE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room
Parking features
On Street
Interior features
Bathroom - Tub Shower, Ceiling Fan(s), Crown Moldings, Dining Area, Store/Office
Standard status
Active
Size
3,834 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
12372
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Number of units
3
Building materials
Asphalt, Concrete, Stone
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Mark Vincent Fansler · License #RSR005656
(302) 241-4935
Added: Apr 22
Changed: Jun 9
Last Checked: Jul 29 at 9:06AM
MLS# PADE2113402
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
8 Runnemede Avenue is a legally zoned triplex that combines commercial and residential space. The first floor has been home to a dental practice for more than 40 years, and the practice is available for sale as part of a package. The property also includes two large 2-bedroom apartments. Each residence features updated HVAC with central air, separate utilities, and tenants pay gas and electric. Recent improvements include new windows, roof servicing, and updated kitchens and baths.
The property is located in the Gladstone Manor section of Lansdowne on Baltimore Pike, with reported traffic of 14,000+ vehicles per day. Public transportation is available nearby, including a train station.
This configuration is a practical fit for buyers seeking an owner-operator or a mixed-use setup that includes an operating dental use on the first floor alongside two leased apartment units. With multiple on-site income components and documented updates to key building systems and interiors, the property supports continued use as structured today.
The property is located in the Gladstone Manor section of Lansdowne on Baltimore Pike, with reported traffic of 14,000+ vehicles per day. Public transportation is available nearby, including a train station.
This configuration is a practical fit for buyers seeking an owner-operator or a mixed-use setup that includes an operating dental use on the first floor alongside two leased apartment units. With multiple on-site income components and documented updates to key building systems and interiors, the property supports continued use as structured today.
Key Highlights
- Legally zoned triplex with a 40+ year history of a dental practice on the first floor, offering a unique business and investment opportunity.
- High‑traffic location on Baltimore Pike (14,000+ vehicles per day) with excellent public transportation access, including a nearby train station.
- Two large, income‑producing 2‑bedroom apartments, currently leased at $1,400 per unit, providing immediate cash flow.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.9k | $25.80 |
| − Vacancy | −$7.8k | −$2.04 |
| EGI | $91.1k | $23.76 |
| − OpEx | −$36.4k | −$9.50 |
| NOI | $54.7k | $14.26 |
3,834 SF · lease $25.80/SF/yr · vacancy 7.90% · expense 40.00%
Alternative Uses
Best Use
Office B
$897.9K
$785.7K – $1.05M
NOI $62,856 @ 7.0% cap · market cap 9.75%
Second Best
Healthcare Medical
$780.9K
$683.3K – $911.0K
NOI $54,662 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,370 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lansdowne Veterinary Hospital — 107 E Baltimore Ave, Lansdowne, PA 19050
- Thomas A. Sutch, V.M.D. — 107 E Baltimore Ave, Lansdowne, PA 19050
- Robert M. Emas V.M.D — 107 E Baltimore Ave, Lansdowne, PA 19050
- Exotic Animal Hospital of Pennsylvania — 107 E Baltimore Ave, Lansdowne, PA 19050
Frequently Asked Questions
What type of property is this?
Medical Office Space - Legally zoned triplex combines a long-running first-floor dental practice with two leased apartments and updated systems.
Where is this medical office space located?
The property is located at 8 RUNNEMEDE Avenue Lansdowne, PA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Legally zoned triplex with a 40+ year history of a dental practice on the first floor, offering a unique business and investment opportunity.; High‑traffic location on Baltimore Pike (14,000+ vehicles per day) with excellent public transportation access, including a nearby train station.; Two large, income‑producing 2‑bedroom apartments, currently leased at $1,400 per unit, providing immediate cash flow.
