Mixed-Use Building with Approved
New
For Sale
$1,000,000
242-248 W BROAD Street, Quakertown, PA 18951
Multi-Family, QUAKERTOWN, PA
Property Size11,730 SF
Lot Size0.12 Acres
Price / SF$85.25
Days on Market3
Property Features for 242-248 W BROAD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, On Street
Elementary school
QUAKERTOWN
Middle school
QUAKEROTWN
High school
QUAKERTOWN
Elementary school district
QUAKERTOWN COMMUNITY
Middle school district
QUAKERTOWN COMMUNITY
High school district
QUAKERTOWN COMMUNITY
Standard status
Active
Size
11,730 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
7260
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1910
Number of units
4
Listing Agency:
Keller Williams Realty Group
(610) 792-5900
Listed By:
Vickie L Landis · License #AB065442
(267) 733-0777
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 10:06AM
MLS# PABU2133382
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two adjoining buildings at 242-248 W Broad Street offer a planned mixed-use configuration totaling 11,730 square feet. Approved development plans call for 13 units: four commercial storefronts on the main level and nine apartments on the second and third floors. The buildings date to 1910 and have forced-air heating and wall-unit cooling.
The property occupies a 0.1157-acre site in downtown Quakertown. Off-street parking is available on-site, with a public parking lot across the street. Route 309, Route 663, Route 313, and the PA Turnpike are identified as nearby commuter routes.
The property occupies a 0.1157-acre site in downtown Quakertown. Off-street parking is available on-site, with a public parking lot across the street. Route 309, Route 663, Route 313, and the PA Turnpike are identified as nearby commuter routes.
Key Highlights
- Approved plans for a 13‑unit mixed‑use development
- Four main‑level commercial storefronts and nine apartments on the second and third floors
- Two adjacent buildings totaling 11,730 square feet on 0.1157 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,601
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,020
$832.0K
Cap Rate 7%
$594,300
$594.3K
Cap Rate 9%
$462,233
$462.2K
Market Conditions
NOI Build-Up for 11,730 SF
Gross rent
$76.2K $6.50/SF
− Vacancy
−$9.7K −$0.83/SF
EGI
$66.6K $5.67/SF
− OpEx
−$25.0K −$2.13/SF
NOI
$41.6K $3.55/SF
Area
Bucks County, PA
Vacancy
12.70%
Lease Rate
$6.50 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,020
Cap Rate 7%
$594,300
Cap Rate 9%
$462,233
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,216 @ 7.0% cap · market cap 17.02%
Second Best
Apartment 5plus
$2.07M
$1.82M – $2.42M
NOI $145,235 @ 7.0% cap · market cap 14.52%
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $248,949 @ 7.0% cap · market cap 24.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 18951, PA
36,111
Population
14,862
Households
2.4
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
71.7 sq mi
ZIP Area
504
Density / Sq Mi
$95,084
Median Household Income
$49,570
Median Earnings
$1,341
Median Rent
$339,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining buildings combine street-level commercial space with apartments above and on-site parking.
Where is this mixed-use property located?
The property is located at 242-248 W BROAD Street Quakertown, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approved plans for a 13‑unit mixed‑use development; Four main‑level commercial storefronts and nine apartments on the second and third floors; Two adjacent buildings totaling 11,730 square feet on 0.1157 acres
