1502 W Chew ST, Allentown City, PA 18102
1502 W Chew ST, Allentown City, PA 18102
1502 W Chew ST, Allentown City, PA 18102
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$849,000
Est. payment /mo
8 Beds
6 Baths
2,962 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision West Park Historic

MLS Listing ID 775883

Bedrooms 8

Full Baths 4

Half Baths 2

HOA Y/N No

Year Built 1913

Annual Tax Amount $8,346

Lot Size 2,962 Sqft

Acres 0.068

Lot Dimensions 25 x 120

Property Sub-Type Apartment

Property Description

1502 W. Chew Street presents a compelling opportunity to acquire a fully renovated, income-producing mixed-use asset in one of Allentown's most consistently performing rental corridors offered at almost a 10% CAP Rate. The property features 6 rentable units - a street-level commercial storefront, 4 residential apartments, and a rare oversized garage - providing multiple income streams with long-term flexibility. All residential units have been thoughtfully renovated, offering modern finishes and strong in-place appeal. The units are separately metered, with tenants responsible for their own electric, minimizing landlord expenses and creating operational efficiency. This combination of recent upgrades and tenant-paid utilities positions the asset for stable, predictable cash flow.
Strategically located just steps from both St. Luke's University Health Network and Lehigh Valley Health Network, the property benefits from consistent demand driven by two of the region's largest employment anchors. Additionally, it is also within walking distance to William Allen High School and the Allentown Fairgrounds Farmers Market, further enhancing neighborhood appeal, walkability, and tenant demand. The oversized garage offers additional income potential or value-add optionality, ideal for storage, contractor use, or supplemental rental revenue. With a fully renovated unit mix, diversified income streams, and a location anchored by major employers, 1502 W. Chew Street offers investors a turnkey, cash-flowing asset with both stability and upside in a proven rental market. This property is a must see!

Location

State PA

County Lehigh

Area Allentown-West

Direction From Tilghman - South on 15th - Property on Corner of 15th & Chew

Interior

Heating Baseboard, Electric

Cooling None

Fireplace No

Exterior

Parking Features Detached, Garage

Water Access Desc Public

Garage Yes

Building

Story 2

Sewer Public Sewer

Water Public

Schools

School District Allentown

Others

Senior Community No

Tax ID 549750906760 1

Special Listing Condition None

Virtual Tour https://dl.dropboxusercontent.com/scl/fi/z7t9xbff2siksmsy020j4/J141-1.mp4?rlkey=thqfq5lg40rcxzm9b30gc56a1&raw=1


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Listed by BHHS Regency Real Estate

Nearby Locations

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Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA, 19106
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