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Lansdowne Triplex with Dental Practice

8 Runnemede Ave, Lansdowne, PA 19050

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Income-producing triplex with established dental practice in Lansdowne, PA.

Type:Multifamily

Property size:

3,548 SF

Price / SF:

$207/SF

HighLights

Legally zoned triplex with a 40+ year history as a dental practice on the first floor, ideal for dentists.
Income‑producing property with two 2‑bedroom, 1‑bath units generating $1,400/unit in turnkey cash flow.
High‑traffic location on Baltimore Pike with 14,000+ vehicles per day and access to public transportation, including a nearby train station.
Updated systems including HVAC, central air, new windows, roof servicing, updated kitchens and baths.
Separate utilities (gas and electric) paid by tenants.
Located in the Gladstone Manor section of Lansdowne, PA.

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Lori Livingston

For Sale

Contact for pricing

Income-producing triplex with established dental practice in Lansdowne, PA.

Type:Multifamily

Property size:

3,548 SF

Price / SF:

$207/SF

Added:: Feb 5, 2026
Days on Market:: 142
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 8 Runnemede Ave

General Information

Standard status: Active
Size: 3,548 SF
Property subtype: Multifamily

Building Details

Year Built: 1920

We can help!

Contact an agent

Lori Livingston

Listing office eXp Commercial

Listing date Feb 5, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial

HighLights

Legally zoned triplex with a 40+ year history as a dental practice on the first floor, ideal for dentists.
Income‑producing property with two 2‑bedroom, 1‑bath units generating $1,400/unit in turnkey cash flow.
High‑traffic location on Baltimore Pike with 14,000+ vehicles per day and access to public transportation, including a nearby train station.
Updated systems including HVAC, central air, new windows, roof servicing, updated kitchens and baths.
Separate utilities (gas and electric) paid by tenants.
Located in the Gladstone Manor section of Lansdowne, PA.

Overview

Located in the Gladstone Manor section of Lansdowne, Pennsylvania, this property at 8 Runnemede Avenue is a legally zoned triplex. The building benefits from a location on Baltimore Pike, which sees over 14,000 vehicles per day, and is near public transportation, including a train station. The property features an income-producing building with three units. For over 40 years, the first floor has been occupied by a dental practice. The two upper units each contain two bedrooms and one bathroom. The property provides turnkey cash flow, with each unit averaging $1,400 in rent. Each residence has updated HVAC, central air, and separate gas and electric utilities, paid by the tenants. Updated systems and recent improvements include new windows, roof servicing, and updated kitchens and baths. The property offers an operational business and investment opportunity. The property size is 3,548 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.7k	$26.40
− Vacancy	−$16.1k	−$4.54
EGI	$77.6k	$21.86
− OpEx	−$19.4k	−$5.46
NOI	$58.2k	$16.39

3,548 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$831.0K

$727.1K – $969.5K (±1% cap)

NOI $58,167 @ 7.0% cap · market cap 7.91%

Second Best

Healthcare Medical

$722.6K

$632.3K – $843.1K (±1% cap)

NOI $50,584 @ 7.0% cap · market cap 6.88%

Theoretical Best

Office A

$1.08M

$941.3K – $1.26M (±1% cap)

NOI $75,300 @ 7.0% cap · market cap 10.24%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Lansdowne
County: Delaware
State: Pennsylvania
Longitude: -75.275653
Latitude: 39.937755

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For sale
Triplexes
PA
Lansdowne
19050
8 Runnemede Ave

What type of property is this?

Triplex - Income-producing triplex with established dental practice in Lansdowne, PA.

Where is this triplex located?

The property is located at 8 Runnemede Ave Lansdowne, PA.

What is the asking price?

The asking price for this property is $735,000.

What are key features of this property?

This property features: Legally zoned triplex with a 40+ year history as a dental practice on the first floor, ideal for dentists.; Income‑producing property with two 2‑bedroom, 1‑bath units generating $1,400/unit in turnkey cash flow.; High‑traffic location on Baltimore Pike with 14,000+ vehicles per day and access to public transportation, including a nearby train station.