Mixed-Use Property with
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 Market9
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)
Amenities
on-site parking lot
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 22
Last Checked: Oct 22 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
The offering comprises two adjacent buildings at 242-248 W Broad Street, with a combined 11,730 square feet on a 0.1157-acre parcel. The buildings date to 1910. Approved plans call for a 13-unit mixed-use development, including four commercial storefronts on the main level and nine apartments on the second and third floors.
Off-street parking is available on site, with a public parking lot across the street. The property is in downtown Quakertown, with access to Route 309, Route 663, Route 313, and the PA Turnpike.
Off-street parking is available on site, with a public parking lot across the street. The property is in downtown Quakertown, with access to Route 309, Route 663, Route 313, and the PA Turnpike.
Key Highlights
- Approved plans for a 13‑unit mixed‑use development
- Four planned main‑level commercial storefronts and nine planned apartments
- 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.
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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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Approved plans provide for four commercial spaces and nine apartments across the two-building property.
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 planned main‑level commercial storefronts and nine planned apartments; Two adjacent buildings totaling 11,730 square feet on 0.1157 acres
