1501 W CHEW ST Active Save Request In-Person Tour Request Virtual Tour
Allentown,PA 18102
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $272
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
Immediate income with upside: this cash flowing, fully rented 9-unit mixed-use brick property is offered with a clear Certificate of Occupancy from the City—no work required. Situated on a visible corner in the desirable West End, this turn-key investment features a balanced mix of residential, commercial, and garage income streams. The property includes (2) true two-bedroom apartments, (1) studio/one-bedroom apartment, a long-term updated nail salon tenant, and (5) single-bay garages. Current Gross Income is $57,660 with Operating Expenses of only $9,901, producing an Actual Net Operating Income of $47,759 @ full occ, self-managed. Projected Gross climbs to $67,560. Residential units feature hardwood floors and solid layouts, while the commercial space is updated, attractive, and leased to a reliable long-term tenant. Additional upside potential exists by converting the large basement workroom into tenant storage and coin-operated laundry, further increasing revenue. With durable brick construction, efficient expense structure, diversified income from apartments, commercial, and garages, and compliance already cleared with the city, this property offers investors immediate cash flow, minimal risk, and long-term appreciation. A rare opportunity to acquire a stabilized, high-performing West End Allentown investment with upside built in.
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