3-Unit Mixed-Use
For Sale
$645,000
Pending
8 Runnemede Avenue, Lansdowne, PA 19050
A ground-floor dental practice occupies the building beneath two residential apartments.
Property Size3,834 SF
Days on Market9
Property Features for 8 Runnemede Avenue
General Information
Standard status
Pending
Size
3,834 SF
Zoning
TN - TRADITIONAL NEIGHBOR
Taxes and HOA fees
Annual Taxes
$12,372
Amenities
Hardwood,Ceramic Tile
Natural Gas
Yes
2
Apartment fridges
No
Corner
Public
15000-19999
106.00 x 136.00
0.33
Estimated
See Remarks
On Street
1
Concrete Perimeter
3834.00
140400.00
Assessor
Building Details
Building Size
3,834 SF
Year Built
1920
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Mark Vincent Fansler · License #RSR005656
(302) 241-4935
Source:
Jmdiamondrealty
Added: Oct 26
Changed: Oct 31
Last Checked: Nov 3 at 7:56AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 3-unit mixed-use property combines a first-floor dental practice with two upper-level apartments, each configured with 2 bedrooms and 1 bathroom. The dental practice has operated in the building for more than 40 years, and the business may be purchased with the real estate. The residential units have updated kitchens and bathrooms, newer windows, and updated HVAC with central air. Gas and electric service are separately metered, with tenants responsible for those utilities.
Built in 1920, the property sits on a 0.33-acre parcel and carries TN - Traditional Neighbor zoning. A nearby train station and public transportation provide transit context. The building’s three-unit configuration brings together an established dental use and two residential units.
Built in 1920, the property sits on a 0.33-acre parcel and carries TN - Traditional Neighbor zoning. A nearby train station and public transportation provide transit context. The building’s three-unit configuration brings together an established dental use and two residential units.
Key Highlights
- Three‑unit property with a ground‑floor dental practice and two upstairs apartments
- Each apartment has 2 bedrooms and 1 bathroom
- Dental practice has operated at the property for more than 40 years; business available with the real estate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,673
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,460
$393.5K
Cap Rate 7%
$281,043
$281.0K
Cap Rate 9%
$218,589
$218.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.7K $26.40/SF
− Vacancy
−$5.4K −$4.54/SF
EGI
$26.2K $21.86/SF
− OpEx
−$6.6K −$5.46/SF
NOI
$19.7K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,460
Cap Rate 7%
$281,043
Cap Rate 9%
$218,589
Alternative Uses
Best Use
Office B
$281.0K
$245.9K – $327.9K
NOI $19,673 @ 7.0% cap · market cap 3.05%
Second Best
Healthcare Medical
$244.4K
$213.9K – $285.1K
NOI $17,108 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor dental practice occupies the building beneath two residential apartments.
Where is this mixed-use property 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: Three‑unit property with a ground‑floor dental practice and two upstairs apartments; Each apartment has 2 bedrooms and 1 bathroom; Dental practice has operated at the property for more than 40 years; business available with the real estate
