1. Pennsylvania
2. Allentown
3. 1501 W CHEW ST

1501 W CHEW ST, Allentown, PA 18102

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.

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

Interior

• A/C: Window Unit(s)
• Heating: Baseboard - ElectricElectric
• Disability Feature: 2+ Access Exits

Construction

Location

Lot

Utilities

Financial

This listing courtesy of james J Reardon, eXp Commercial