PA > Allentown
Allentown, PA 18102,1501 W CHEW ST
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Allentown, PA 18102,1501 W CHEW ST
Allentown, PA 18102,1501 W CHEW ST
Allentown, PA 18102,1501 W CHEW ST
Allentown, PA 18102,1501 W CHEW ST
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Seamus Dooley

Seamus Dooley

+1(609) 408-1995
Listed by james J Reardon • eXp Commercial
$ 589,000
Est. payment /mo
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Coming Soon

1501 W CHEW ST Allentown, PA 18102

2,375 SqFt

UPDATED:

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

Bright MLS (BMLS)
agent

Seamus Dooley

Agent | License ID: 1538016

+1(609) 408-1995

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1501 W CHEW ST

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