Mixed-Use Property with Six
For Sale
$3,985,000
12 12-20 W Bridge St, New Hope, PA 18938
Combines commercial storefronts, renovated apartments, and dedicated off-street parking in downtown New Hope.
Property Size8,247 SF
Price / SF$483.21
Days on Market34
Property Features for 12 12-20 W Bridge St
General Information
Standard status
Active
Size
8,247 SF
Additional Details
Multifamily Units
6
Amenities
private parking lot
common areas
patios
decks
private outdoor spaces
Building Details
Year Built
1800
Tenancy
Multi
Listing Agency:
Compass Pennsylvania, LLC
(845) 492-1315
Listed By:
Revi M Haviv · License #2183567
Source:
Elkaimpropertygroup
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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 8,247-square-foot mixed-use property includes three commercial storefronts and six residential apartments. The residential component offers one- to four-bedroom layouts, with five units recently upgraded through improvements to kitchens, bathrooms, flooring, lighting, appliances, and interior finishes. Select apartments provide multi-level townhouse-style configurations, exposed brick, and private outdoor areas.
Property improvements also include painted and maintained exterior surfaces, refreshed common areas, new patios and decks, upgraded steps and footings, and roof work. A private parking lot behind the buildings serves both residential and commercial occupants. The property is located at 12 12-20 W Bridge St in downtown New Hope, near restaurants, galleries, boutiques, entertainment venues, and the Delaware River. Built in 1800, the asset combines commercial and residential occupancy within a central borough location.
Property improvements also include painted and maintained exterior surfaces, refreshed common areas, new patios and decks, upgraded steps and footings, and roof work. A private parking lot behind the buildings serves both residential and commercial occupants. The property is located at 12 12-20 W Bridge St in downtown New Hope, near restaurants, galleries, boutiques, entertainment venues, and the Delaware River. Built in 1800, the asset combines commercial and residential occupancy within a central borough location.
Key Highlights
- Three commercial storefronts and six residential apartments
- 8,247 SF mixed‑use property at 12 12‑20 W Bridge St, New Hope, PA 18938
- Five of six apartments recently renovated
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
Multi-tenant
Tenancy
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 - Combines commercial storefronts, renovated apartments, and dedicated off-street parking in downtown New Hope.
Where is this mixed-use property located?
The property is located at 12 12-20 W Bridge St 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: Three commercial storefronts and six residential apartments; 8,247 SF mixed‑use property at 12 12‑20 W Bridge St, New Hope, PA 18938; Five of six apartments recently renovated
