Listing provided courtesy of BHHS Fox & Roach Macungie - MLS# 735308MLS Provider

1502 Chew StreetAllentown City, PA 18102

Multi-Family · 7 Beds · 7 Full Baths

$650,000 Available


Time on Site:
12 days

Invest in a distinguished 5-unit mixed-use building, marrying historical significance with modern living. Property hosts four residential units boasting updated interiors and contemporary comforts'”three 2-bedroom apartments and one 1-bedroom apartment, each with their own unique appeal. All residences are responsible for their electricity. Anchoring this investment is an established commercial space on the ground floor, featuring a popular vegan dining venue, offering eat-in and take-out services. Poised for growth, the property currently has below-market rents, signaling potential for enhanced yield. *GROSS INCOME 81,000*53, 838 CURRENT NET, Its prime location stands out, situated in the historic West End and in close proximity to Muhlenberg College, healthcare facilities, and the Theater District. Residents have immediate access to public transit, diverse retail options, and a variety of eateries. OFFERED AT A 8.3 CAP this is a no brainier. This is an opportunity to secure an asset with both character and untapped financial promise in a vibrant neighborhood !!!!Click on video to view and schedule your appointment!

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Facts & Features

  • Type Multi-Family


School Information
  • School District: Allentown
  • Other Expense: 1587
  • Gross Income: 81000
  • Net Operating Income: 53838
Building Information
  • Year Built: 1913
  • County Or Parish: Lehigh
  • MLS Area Major: Allentown-West
  • Subdivision Name: West Park Historic
Tax Information
  • CountyTaxes: 979.78
  • MunicipalTaxes: 1440.43
  • SchoolTaxes: 5869.12
General Information
  • MaintenanceRepair: 1587
  • Property Sub Type: Investment Property
  • Property Type: Investment Property
  • PropertySubTypeCategory: Apartment Style,Complex,Mixed Use
  • Special Listing Conditions: Not Applicable
  • TrashRemoval: 1440
  • WaterSewer: 1440
  • Zoning: R-Mh-Medium High Density


Building Information
  • Gas: 3570
  • Heat: 0
  • Bathrooms Full: 7
  • Bathrooms Total: 7
  • Bedrooms Total: 7
General Information
  • Cooling: No Air
  • Electric: 967
  • Heating: Electric, Gas
  • Interior Features: Balcony, Fire Escape, Hardwood, Historic, Patio
  • Stories: 3.0
Unit Information
  • Total Units: 5
  • UnitTotal1Bedroom: 1
  • UnitTotal2Bedrooms: 3


Parking Information
  • Parking Total: 0
Lot Information
  • Water Source: Public
Building Exterior/Construction
  • Construction Materials: Brick
General Information
  • Sewer: Public



18102 (Allentown City) Demographics
Median Age
Population Density (per sq. mile)
College Educated
Estimated Median Income
Estimated Total Home Owners
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Monthly Cost

$ %
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

Median Sales Price
Median Price per Square Foot
Properties Sold
New on Market
Average Days on Market
Properties for Sale
Calculations provided by Reliance Network


Date Event Value Agent
4/3/2024Source: Greater Lehigh Valley MLS Status Change
Paula Meilinger
Listing Agent
4/2/2024Source: Greater Lehigh Valley MLS Added to Database
April 02, 2024
Paula Meilinger
Listing Agent