Lansdowne Portfolio

Lansdowne, PASCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to present the opportunity to acquire the Lansdowne Portfolio, a 17-unit multifamily investment opportunity located in Lansdowne, Delaware County, Pennsylvania. The portfolio includes 44-46 Runnemede Avenue, comprised of 11 units, and 53 Windermere Avenue, a 6-unit property located on a separate parcel. While not directly adjacent, both properties are positioned on opposite corners of the same residential block, with two intervening parcels between them. The combined portfolio consists of 16 one-bedroom, one-bathroom units and 1 two-bedroom, one-bathroom unit, totaling approximately 10,651 square feet of gross building area. Additionally, 53 Windermere Avenue includes a standalone one-car garage on the property, currently rented for $200 per month. Ownership has implemented a value-add program across both properties, with 7 of the 11 units at Runnemede and 3 of the 6 units at Windermere renovated to include modern cabinetry, stainless steel appliances, granite countertops, and luxury vinyl plank flooring. The renovated one-bed units are achieving a monthly average of $1,187, with a high-water mark of $1,295 per month. The renovated two-bed is leased at $1,545 per month. The current average in-place rent across the portfolio is $1,154 per unit per month, generating $19,625 per month in gross rental income. Upon full turnover and stabilization, the portfolio is projected to generate $22,315 per month, representing about a $32,000 per year increase—or a 13.8% upside in rental income—demonstrating clear value-add potential in a constrained submarket. The Lansdowne Portfolio is ideally positioned for commuter access and long-term tenant demand. Both properties are located just 0.3 miles (a 7-minute walk) from the Lansdowne SEPTA Regional Rail Station, offering direct service to University City and Center City Philadelphia via the Media/Wawa Line. The portfolio is also served by several SEPTA bus routes, including the 109, 113, and 115, which provide convenient access to Darby, Delaware County Community College, Philadelphia International Airport, and the 69th Street Transit Center. Residents benefit from walkable access to retail and dining along Lansdowne Avenue, Hoffman Park, Lansdowne Library, and Penn Wood High School, while regional access via Baltimore Pike and US Route 1 offers convenient connectivity to major job hubs in Upper Darby, Springfield, and Southwest Philadelphia. Additionally, the nearby Cobbs Creek Golf Course is undergoing a $100 million revitalization that will transform the historic grounds into a premier public golf facility with expanded youth programming and community amenities—further enhancing the appeal and long-term value of the surrounding neighborhood.