Polycyclic aromatic hydrocarbons (PAHs) were assessed in surface water and sediments of the Nilüfer Stream, Bursa, Türkiye, to characterize their distribution, sources, water-sediment interactions, and associated ecological and human health risks. Samples collected from seven sites (S1-S7) revealed that the dissolved- and particulate-phase PAH concentrations in the waters ranged from 2.3 to 1118.5 μg/L and 0.3 to 422.0 μg/L, respectively, while sediments contained 32.2-836.6 ng/g dry weight. Upstream sites (S1-S2) exhibited minimal contamination, whereas downstream locations (S3-S7) reflected increasing PAH loads influenced by mixed urban, industrial, and agricultural pressures. Ring-distribution profiles showed LMW dominance in the dissolved phase and stronger MMW-HMW enrichment in particulate phase and sediments, while diagnostic ratios indicated predominantly pyrogenic inputs, particularly traffic emissions and biomass/coal combustion. Principal Component Analysis (PCA) further supported these findings, with PC1 capturing the majority of variance across dissolved- and particulate phases, and sediment as a unified pyrogenic factor, and PC2 distinguishing high-temperature industrial combustion from medium-temperature domestic heating, especially in downstream segments. Ecological risk indices (M-ERM-Q, M-PEL-Q, TEQCARC, MEQ) indicated low-to-moderate potential adverse effects, mainly in sediments. Water-sediment partitioning suggested that sediments act as long-term sinks modulated by organic carbon and hydrodynamics. Incremental Lifetime Cancer Risk (ILCR) values indicated negligible risk at S1-S2 but moderate cancer risk at S3-S7 for adults and children through ingestion and inhalation. Overall, the study provides a comprehensive spatial-temporal evaluation of PAH behavior in a mixed land-use watershed and integrates source-diagnostic and risk-based evidence to support targeted mitigation strategies in urban-industrial river systems.