PA > Allentown
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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Listed by james J Reardon • eXp Commercial
$588,900
Est. payment /mo
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2,160 Sqft Lot
Active

1501 W CHEW ST Allentown, PA 18102

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Addison Wolfe Real Estate

Addison Wolfe Real Estate

+1(215) 862-5500

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

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

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)

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Addison Wolfe Real Estate

Addison Wolfe Real Estate

+1(215) 862-5500

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1501 W CHEW ST

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