Mixed-Use Building with Dental
For Sale
Under Contract
$645,000
8 RUNNEMEDE Avenue, Lansdowne, PA 19050
Multi-Family, LANSDOWNE, PA
Property Size3,834 SF
Lot Size0.33 Acres
Price / SF$168.23
Days on Market197
Property Features for 8 RUNNEMEDE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Dining Room
Parking features
On Street
Interior features
Bathroom - Tub Shower, Ceiling Fan(s), Crown Moldings, Dining Area, Store/Office
Elementary school district
WILLIAM PENN
Middle school district
WILLIAM PENN
High school district
WILLIAM PENN
Standard status
Active Under Contract
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: Oct 13
Last Checked: Nov 4 at 5:06PM
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.
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Investment Insights
Based on property information with market context.
This 3,834-square-foot mixed-use building contains three units: a first-floor dental practice and two two-bedroom apartments. The dental practice has operated at the property for more than 40 years and is available for purchase as a package. The apartments are leased at $1,400 per unit, and each has central air, updated HVAC, and separate gas and electric utilities paid by tenants. Improvements include new windows, roof servicing, and updated kitchens and bathrooms.
The property occupies a 0.33-acre site on Baltimore Pike in the Gladstone Manor section of Lansdowne. Public transportation is nearby, including a train station.
The property occupies a 0.33-acre site on Baltimore Pike in the Gladstone Manor section of Lansdowne. Public transportation is nearby, including a train station.
Key Highlights
- Three‑unit building with first‑floor dental practice and two two‑bedroom apartments
- Dental practice has operated at the property for more than 40 years and is available as a package
- Each apartment has updated HVAC, central air, and separate gas and electric utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,662
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,240
$1.1M
Cap Rate 7%
$780,886
$780.9K
Cap Rate 9%
$607,356
$607.4K
Market Conditions
NOI Build-Up for 3,834 SF
Gross rent
$98.9K $25.80/SF
− Vacancy
−$7.8K −$2.04/SF
EGI
$91.1K $23.76/SF
− OpEx
−$36.4K −$9.50/SF
NOI
$54.7K $14.26/SF
Area
Delaware County, PA
Vacancy
7.90%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,240
Cap Rate 7%
$780,886
Cap Rate 9%
$607,356
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
2
Residential units
14,000 VPD
Traffic count
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
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 - Two leased apartments accompany a first-floor dental office, with the practice available separately as a package.
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 building with first‑floor dental practice and two two‑bedroom apartments; Dental practice has operated at the property for more than 40 years and is available as a package; Each apartment has updated HVAC, central air, and separate gas and electric utilities
