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17-Unit Apartment Portfolio
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44-46 Runnemede Ave, Lansdowne, PA 19050

Two buildings combine renovated apartments, a separate garage, and convenient access to SEPTA regional rail.

Property Size10,651 SF
Days on Market141

Property Features for 44-46 Runnemede Ave

General Information

Standard status Active
Size 10,651 SF
Property subtype Multifamily

Financials

Gross Income $235,500
Average Monthly Rent $1,154

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 16 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 17
Listing Agency: Scope Investment Real Estate Services
Listed By: Phil Sharrow · License #PA RSR002048
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 3:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scope Investment Real Estate Services

Investment Insights

Based on property information with market context.

This 17-unit apartment portfolio comprises 44-46 Runnemede Avenue and 53 Windermere Avenue on separate parcels across the same residential block. The properties contain 16 one-bedroom, one-bathroom units and 1 two-bedroom, one-bathroom unit, with approximately 10,651 square feet of gross building area. A standalone one-car garage is also included at Windermere Avenue.

Ownership has renovated 7 of 11 units at Runnemede and 3 of 6 units at Windermere. Improvements include modern cabinetry, stainless steel appliances, granite countertops, and luxury vinyl plank flooring. Both properties are 0.3 miles from the Lansdowne SEPTA Regional Rail Station, a 7-minute walk, with service via the Media/Wawa Line to University City and Center City Philadelphia. SEPTA bus routes 109, 113, and 115 provide additional regional connections.

Key Highlights

  • 17 units across 44‑46 Runnemede Avenue and 53 Windermere Avenue
  • 16 one‑bedroom, one‑bathroom units and 1 two‑bedroom, one‑bathroom unit
  • Approximately 10,651 square feet of gross building area

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Locksmith Home Appliance Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

861
Businesses Nearby

Demographics for 19050, PA

29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings combine renovated apartments, a separate garage, and convenient access to SEPTA regional rail.
Where is this apartment building located?
The property is located at 44-46 Runnemede Ave Lansdowne, PA.
What are key features of this property?
This property features: 17 units across 44‑46 Runnemede Avenue and 53 Windermere Avenue; 16 one‑bedroom, one‑bathroom units and 1 two‑bedroom, one‑bathroom unit; Approximately 10,651 square feet of gross building area
(267) 252-0223 Call to check price and availability
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