1502 W Chew Street Allentown City, PA 18102
8 bed / 6 bath / 2,962 Sq. Ft., 0.068 acres lot size / Apartment
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1502 W. Chew Street presents a compelling opportunity to acquire a fully renovated, income-producing mixed-use asset in one of Allentown's most consistently performing rental corridors offered at almost a 10% CAP Rate. The property features 6 rentable units - a street-level commercial storefront, 4 residential apartments, and a rare oversized garage - providing multiple income streams with long-term flexibility. All residential units have been thoughtfully renovated, offering modern finishes and strong in-place appeal. The units are separately metered, with tenants responsible for their own electric, minimizing landlord expenses and creating operational efficiency. This combination of recent upgrades and tenant-paid utilities positions the asset for stable, predictable cash flow. Strategically located just steps from both St. Luke's University Health Network and Lehigh Valley Health Network, the property benefits from consistent demand driven by two of the region's largest employment anchors. Additionally, it is also within walking distance to William Allen High School and the Allentown Fairgrounds Farmers Market, further enhancing neighborhood appeal, walkability, and tenant demand. The oversized garage offers additional income potential or value-add optionality, ideal for storage, contractor use, or supplemental rental revenue. With a fully renovated unit mix, diversified income streams, and a location anchored by major employers, 1502 W. Chew Street offers investors a turnkey, cash-flowing asset with both stability and upside in a proven rental market. This property is a must see!
property details
Type
Apartment
Status
Active
County
Lehigh
Year Built
1913
Lot Size
2,962 Sq. Ft., 0.1 acres
Listing Id
775883
Courtesy Of
Andrew Ginsburg - BHHS Regency Real Estate +1 610 349 6644
List Office Phone
+1 (610) 432-5252
Subdivision
West Park Historic
Interior Features
Beds
8
Full Baths
4
Half Baths
2
Bathrooms Total
6
Exterior Features
Parking
Detached Garage
Garage
Garage
Stories
2
Utility & Building Info
Sewer
Public Sewer
Parcel Number
549750906760 1
Cooling
None
Water Source
Public Water
Heating
Electric Heating
Baseboard
Baseboard
Tax Amount
8346
Architectural Style
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
04/28/2026
04/28/2026
|
Active |
$849,000
|
LeHigh Valley MLS |
View More
Market Trends
Source: Constellation1
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