$2,820,000
18 W Mechanic St #4, New Hope, PA 18938
Listed by Addison Wolfe Real Estate
A Rare Mixed-Use Investment in the Heart of New Hope Nine Units. Prime Downtown Location. Extensive Renovations. Exceptional Investment Potential. In a market where location is everything and opportunities of this caliber rarely become available, this exceptional mixed-use property offers investors the chance to acquire a significant piece of downtown New Hope. Prominently situated along one of the borough's most vibrant commercial corridors, the property features three street-level commercial storefronts and six residential apartments, combining established income streams, substantial recent capital improvements, and long-term investment potential in one of Bucks County's most desirable destinations. The commercial spaces enjoy prominent street frontage, excellent visibility, and consistent pedestrian activity, benefiting from New Hope's thriving mix of restaurants, galleries, boutiques, and year-round tourism. Established commercial tenants contribute to a diversified income profile, while the six residential apartments offer a desirable mix of one- to four-bedroom layouts in a highly sought-after rental market. Thoughtfully renovated with an emphasis on quality and long-term value, five of the six residential apartments have undergone extensive improvements, including updated kitchens and bathrooms, new flooring, modern lighting, upgraded appliances, and refreshed interior finishes. Select residences feature expansive, multi-level townhouse-style layouts, exposed brick, and private outdoor living spaces, creating a residential experience rarely found in traditional mixed-use investment properties. Significant capital has also been invested in the property's exterior and infrastructure, including exterior painting and maintenance, renovated common areas, new patios and decks, upgraded steps and footings, and roof improvements. These investments enhance the property's overall appeal while providing a strong foundation for continued ownership. Perhaps one of the property's most valuable and difficult-to-replicate features is its private rear parking lot. In the heart of downtown New Hope, where dedicated off-street parking is a premium amenity, this convenience provides a meaningful competitive advantage for both residential and commercial tenants. Just steps from the Delaware River and New Hope's celebrated dining, shopping, arts, and entertainment scene, the property offers the rare combination of an irreplaceable location, multiple income streams, and extensive recent improvements. For investors seeking a distinctive, income-producing asset in a premier Bucks County market, this is an opportunity to own real estate with enduring appeal and long-term potential.
| Date | Event | Price |
|---|---|---|
| Oct 23, 2026 | Listed for sale | $3,985,000 |
Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.
$2,686,000
Below the asking price by 33%.
Automated estimate, not an appraisal.
Estimated at current rates
$20,655 / year
≈ $1,721 per month
MLS shows (2026)
$21,595
-4.4% at current rates
School tax
NEW HOPE-SOLEBURY · 120.51 mills (2025-26)
$15,184
County tax
Bucks County · 29.65 mills (2026)
$3,736
Municipal tax
As recorded for 2026, varies by municipality
$1,735
Recomputed from the county assessment ($126,000, 1972 base year) × current millage. School millage is from the latest year certified by the Pennsylvania Department of Education (2025-26); districts adopt the next year's budgets each June, and we update when the state certifies the statewide file in the fall. Portals typically reprint the recorded 2026 bill. Pennsylvania does not reassess on sale. Estimate only. Verify with Bucks County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.
Loan term
Estimated monthly payment
$22,887/mo
Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.
School district
New Hope-Solebury
2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.
Safety data
Bucks County crime & safety numbers →
County figures from FBI and Pennsylvania source data.
Property taxes
Bucks County taxes, explained →
Millage, the Common Level Ratio, and what changes after you buy.
© BRIGHT, All Rights Reserved
Information Deemed Reliable But Not Guaranteed
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.
IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: October 24, 2026 at 8:04 PM EDT
Our co-founder Carmen does a 1-on-1 needs analysis with you, then hand-picks a vetted New Hope agent or lender. Free, no obligation. If you work with a partner we introduce, NookLocal may earn a referral fee from their broker.