Downtown Mixed-Use
For Sale
$3,985,000
12-20 W BRIDGE STREET, New Hope, PA 18938
Fully renovated mixed-use building with three storefronts and six residential apartments plus private off-street parking.
Property Size8,247 SF
Price / SF$483.21
Days on Market88
Property Features for 12-20 W BRIDGE STREET
General Information
Standard status
Active
Size
8,247 SF
Property subtype
Commercial
Additional Details
Multifamily Units
6
Building Details
Year Built
1800
Listing Agency:
Compass Pennsylvania, LLC
(215) 449-0123
Listed By:
Revi M Haviv · License #RS355167
(845) 492-1315
Source:
Cummingsrealtors
Added: Jun 13
Changed: Sep 8
Last Checked: Sep 8 at 3:47AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This fully renovated mixed-use property includes three commercial storefronts and six residential apartments. The residential units consist of a mix of one- to four-bedroom layouts, and five of the six units have undergone extensive recent updates, including refreshed kitchens and bathrooms, new flooring, updated lighting, replaced appliances, and fresh interior finishes. Several apartments feature multi-level, townhouse-style layouts with exposed brick, along with private outdoor spaces. Ownership has also completed a range of exterior and common-area improvements, including exterior painting and maintenance, renovated common areas, new patios and decks, upgraded steps and footings, and roof improvements.
Located in downtown New Hope on a highly visible commercial corridor, the storefront component benefits from street exposure. A private parking lot located behind the buildings provides dedicated off-street parking for both residents and commercial tenants, where parking is described as difficult to secure.
For buyers and operators, the property offers a diverse in-place income stream across street-level retail and residential units, with significant capital improvements already completed. The mix of storefront space and apartment configurations, supported by the recent interior and exterior work, can support long-term use as a combined retail and rental asset in a walkable downtown setting.
Located in downtown New Hope on a highly visible commercial corridor, the storefront component benefits from street exposure. A private parking lot located behind the buildings provides dedicated off-street parking for both residents and commercial tenants, where parking is described as difficult to secure.
For buyers and operators, the property offers a diverse in-place income stream across street-level retail and residential units, with significant capital improvements already completed. The mix of storefront space and apartment configurations, supported by the recent interior and exterior work, can support long-term use as a combined retail and rental asset in a walkable downtown setting.
Key Highlights
- Fully renovated mixed‑use building with 3 commercial storefronts and 6 residential apartments in downtown New Hope
- 5 of 6 residential units renovated with updated kitchens, bathrooms, flooring, lighting, appliances, and fresh interior finishes
- Private off‑street parking lot behind the buildings provides dedicated parking for residents and commercial tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,393,480
$2.4M
Cap Rate 7%
$1,709,629
$1.7M
Cap Rate 9%
$1,329,711
$1.3M
Market Conditions
NOI Build-Up for 8,247 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$181.1K $21.96/SF
− Vacancy
−$10.1K −$1.23/SF
EGI
$171.0K $20.73/SF
− OpEx
−$51.3K −$6.22/SF
NOI
$119.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,393,480
Cap Rate 7%
$1,709,629
Cap Rate 9%
$1,329,711
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $1.99M
NOI $119,674 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,110 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,029 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 18938, PA
14,301
Population
6,369
Households
2.2
Avg Household Size
54
Median Age
67%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
350
Density / Sq Mi
$161,146
Median Household Income
$93,397
Median Earnings
$2,005
Median Rent
$701,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully renovated mixed-use building with three storefronts and six residential apartments plus private off-street parking.
Where is this mixed-use property located?
The property is located at 12-20 W BRIDGE STREET New Hope, PA.
What is the asking price?
The asking price for this property is $3,985,000.
What are key features of this property?
This property features: Fully renovated mixed‑use building with 3 commercial storefronts and 6 residential apartments in downtown New Hope; 5 of 6 residential units renovated with updated kitchens, bathrooms, flooring, lighting, appliances, and fresh interior finishes; Private off‑street parking lot behind the buildings provides dedicated parking for residents and commercial tenants
