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Dental Practice & Triplex Delaware County 8 Runnemede Ave 3 Unit Apartment Building $1,024,958 CAD ($341,653 CAD/Unit) 7.94% Cap Rate Lansdowne, PA 19050
Investment Highlights
- Operational Dental Practice
- 100% Occupied Residential Units
- 14,000+ VPD
Executive Summary
CALLING ALL DENTISTS! This exceptional property is positioned In Gladstone Manor section of Lansdowne – Perfectly situated on Baltimore Pike, 14,000 + VPD, public transportation—including the nearby train station -- (3) Unit Income-Producing Building. Welcome to 8 Runnemede Avenue, a legally zoned triplex in the heart of Lansdowne, PA. This well-maintained property has had a dental practice on the first floor for over 40 years! An average of $1,400 per unit delivering strong, turnkey cash flow from day one from the two large (2) Bedroom, (1) Bath units above. Each residence is equipped with updated HVAC, central air, separate utilities (gas and electric) which tenants pay. With updated systems and recent improvements—including new windows, roof servicing, updated kitchens and baths, this property is positioned for long-term success. —8 Runnemede Avenue offers an operational business and investment opportunity all in one place. OPTION TO LEASE DENTAL UNIT & PURCHASE PRACTICE * Seller Financing Available
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$105,424
|
$29.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,424
|
$29.71
|
| Taxes |
$16,143
|
$4.55
|
| Operating Expenses |
$7,865
|
$2.22
|
| Total Expenses |
$24,008
|
$6.77
|
| Net Operating Income |
$81,416
|
$22.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $105,424 |
| Annual Per SF | $29.71 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $105,424 |
| Annual Per SF | $29.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,143 |
| Annual Per SF | $4.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,865 |
| Annual Per SF | $2.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,008 |
| Annual Per SF | $6.77 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $81,416 |
| Annual Per SF | $22.95 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Crown Molding
- Hardwood Floors
- Tub/Shower
- Lawn
- Office
Site Amenities
- Trash Pickup - Curbside
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23-00-02850-00 | Total Assessment | $383,494 CAD |
| Land Assessment | $194,849 CAD | Annual Taxes | $16,143 CAD ($4.55 CAD/SF) |
| Improvements Assessment | $188,645 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
23-00-02850-00
Land Assessment
$194,849 CAD
Improvements Assessment
$188,645 CAD
Total Assessment
$383,494 CAD
Annual Taxes
$16,143 CAD ($4.55 CAD/SF)
Tax Year
2025
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Dental Practice & Triplex Delaware County | 8 Runnemede Ave
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