Mixed-Use Property with
For Sale
Under Contract
$439,999
115 HULMEVILLE Avenue, Penndel, PA 19047
Multi-Family, PENNDEL, PA
Property Size1,245 SF
Lot Size0.42 Acres
Price / SF$353.41
Days on Market134
Property Features for 115 HULMEVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
10
Parking features
Parking Lot
Elementary school district
NESHAMINY
Middle school district
NESHAMINY
High school district
NESHAMINY
Standard status
Active Under Contract
Size
1,245 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
3232
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s), Wall Unit(s)
Building Details
Year built
1940
Number of units
1
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Real Estate Tri-County · Keller Williams Realty
(215) 464-8800
Listed By:
Giovanni Carpino · License #RS296840
(267) 238-7156
Added: Jun 12
Changed: Oct 21
Last Checked: Oct 23 at 10:06AM
MLS# PABU2123928
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 1,245-square-foot mixed-use building sits on a 0.42-acre corner parcel and was built in 1940. The ground floor is occupied by a salon with approximately one year remaining on its lease. A rented second-floor apartment has one bedroom, a separate living room, a kitchen, a full bathroom, and dedicated laundry space. The property is zoned RC (Retail Commercial) and has a parking lot. Electric service is separately metered for each unit; gas and water are shared.
The property is at 115 Hulmeville Avenue in Penndel, near Penndel Train Station, Route 1, I-295, and the Pennsylvania Turnpike.
The property is at 115 Hulmeville Avenue in Penndel, near Penndel Train Station, Route 1, I-295, and the Pennsylvania Turnpike.
Key Highlights
- 0.42‑acre corner parcel with a parking lot
- 1,245‑square‑foot building, built in 1940
- RC (Retail Commercial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,066
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,320
$361.3K
Cap Rate 7%
$258,086
$258.1K
Cap Rate 9%
$200,733
$200.7K
Market Conditions
NOI Build-Up for 1,245 SF
Gross rent
$27.3K $21.96/SF
− Vacancy
−$1.5K −$1.23/SF
EGI
$25.8K $20.73/SF
− OpEx
−$7.7K −$6.22/SF
NOI
$18.1K $14.51/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,320
Cap Rate 7%
$258,086
Cap Rate 9%
$200,733
Alternative Uses
Best Use
Retail
$258.1K
$225.8K – $301.1K
NOI $18,066 @ 7.0% cap · market cap 4.11%
Second Best
Mixed Use
$63.1K
$55.2K – $73.6K
NOI $4,415 @ 7.0% cap · market cap 1.00%
Theoretical Best
Office A
$377.5K
$330.3K – $440.4K
NOI $26,423 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 30%
Home Improvements & Furnishings 3%
Dunkin' Donuts
Dining
7,648 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,424 visits/mo
0.4 miles
Sunoco
Shops & Services
4,922 visits/mo
0.3 miles
AutoZone
Shops & Services
3,657 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,084 visits/mo
0.1 miles
Demographics for 19047, PA
35,452
Population
13,150
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,061
Density / Sq Mi
$110,395
Median Household Income
$55,992
Median Earnings
$1,770
Median Rent
$441,200
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor salon and an upstairs one-bedroom residence provide distinct commercial and residential components.
Where is this mixed-use property located?
The property is located at 115 HULMEVILLE Avenue Penndel, PA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: 0.42‑acre corner parcel with a parking lot; 1,245‑square‑foot building, built in 1940; RC (Retail Commercial) zoning
