USAPAAllentown CityWest Park Historic1502 W Chew Street
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Virtual Tour
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$849,000

For Sale

13 days ago

1502 Chew St, Allentown, PA

Condo

MLS® 775883

8 Bed

6 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes $8,346
Days Active 13
Approx. Age 1913
MLS® Number 775883

Property Address: 1502 W Chew Street, Allentown City, PA, 18102

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® Number775883
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1913
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2026List Date
$849,000List Price
  • Commute

Commute

Starting Address
Destination Address
1502 Chew St, Allentown, PA

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