$588,900

1501 W CHEW ST, Allentown, PA 18102

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
August 4, 2025 at 05:00AM
Listing Office:
eXp Commercial : 8883977352
Listing Agent:
james J Reardon : 4848662495
MLS ID:
PALH2012462
  • A/C: Window Unit(s)
  • Heating: Baseboard - ElectricElectric
  • Disability Feature: 2+ Access Exits
  • General: BrickBlockStone
  • Originating MLS: BRIGHT_MAIN
  • School District: ALLENTOWN
  • County: LEHIGH-PA
  • Zoning: R-MH549750920336-00001
  • View: City
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN
  • Exclusions: Tenants personal property

This listing courtesy of james J Reardon, eXp Commercial

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

J

Jackson Early Childhood Center

517 N 15th St, Allentown, PA, 18102

Grades KG-KG

0.24 miles away

F

Francis D. Raub Middle School

102 S Saint Cloud St, Allentown, PA, 18104

Grades 6-8

0.56 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

1.18 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

3305 MUNICIPAL DR, Whitehall, PA 18052
Multi-Family Home For Sale

$649,900

  • 5,479 sqft |
  • 5.8 acre lot
3305 MUNICIPAL DR Whitehall, PA 18052

#PALH2012278 - Century 21 Keim Realtors