1501 W CHEW ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Allentown,PA 18102
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,375 sqft
Price per Sqft $248
MLS Listing ID PALH2012462
Year Built 1910
Available Date 2025-08-04
Annual Tax Amount $4,094
Tax Year 2024
Lot Size 2,160 Sqft
Acres 0.05
Lot Dimensions 18.00 x 120.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Investment property that is being sold with a clear CO for Sale from the City. No work to be done! Beautiful and fully rented 4-unit + 5 Garages mixed-use brick property located in the desirable West End of Allentown. This corner lot asset features three updated residential apartments, a long-term nail salon tenant, and five income-producing garage units. A turn-key investment opportunity with strong cash flow and upside potential. Net Income: $40,772 (Actual) | $50,672 (Projected) Cap Rate (Projected): 8.6%. Unit Mix: (2) Two-bedroom, one-bath apartments; (1) Studio/one-bedroom apartment; (1) Commercial Hair salon; (5) Single-bay garages. Financial Highlights: Gross Income: $57,660 (Actual) | $67,560 (Projected). Operating Expenses: $16,888/year (The actual numbers include Property Management and Vacancy factored in). Net Income: $40,772 (Actual) | $50,672 (Projected) Cap Rate (Projected): 8.6%
Fully Occupied – All units currently leased with opportunity to increase rents
Location Highlights:
Situated on the west side of Allentown, this high-visibility corner property benefits from walkable amenities, public transportation, and excellent tenant demand. The commercial tenant benefits from foot traffic and exposure, while the garages offer flexible utility and extra income.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Inclusions All appliances
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
View City
Street Surface Black Top
Accessibility 2+ Access Exits
Road Frontage City/County
Total Parking Spaces 8
Garage N
Building
Foundation Block,Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Building 21 Allentown
School District Allentown
Others
Tax ID 549750920336-00001
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Smoke Detector
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard