#756150, Listing office: Steel City Realty
Property details
About 1501 Chew St
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%
Highlights
Virtual tour
Summary
- Full Bathrooms: 4
- Total Bedroom Count: 5
- Parking: Parking Garage
- Heating: Baseboard
- Cooling: Wall/Window Unit(s)
- List Price: $589,000
- Directions: Route 22 to 15th street, take south to Chew street--on the corner of 15th and chew
- Year Built: 1910
- Stories: 3
- Lot Size: 0.05 Acres
- MLS Number: 760090
- MLS Name: HIGH
- Office Name: EXP Realty LLC
- Office Phone: (888) 397-7352
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Last updated on: 8/1/2025, 5:15:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
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Nearby schools
4
Ramos Elementary School
Public District KG-5
0.3 mi
•1430 W Allen St
5
Brigadier General Anna Mae Hays Elementary School
Public District KG-5
0.3 mi
•1227 W Gordon St
4
Union Terrace Elementary School
Public District KG-5
0.7 mi
•1939 W Union St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,722. Most Allentown City, PA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 1501 Chew St
The listing price of 1501 Chew St property is $589,000.
The property 1501 Chew St is a townhouse located in Allentown City, Pennsylvania, 18102.
Active Listing: 1501 Chew St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1501 Chew St are: Ramos Elementary School (GreatSchools Rating 4/10), Brigadier General Anna Mae Hays Elementary School (GreatSchools Rating 5/10), Union Terrace Elementary School (GreatSchools Rating 4/10), Francis D. Raub Middle School (GreatSchools Rating 1/10), Trexler Middle School (GreatSchools Rating 3/10), Harrison-Morton Middle School (GreatSchools Rating 3/10), William Allen High School (GreatSchools Rating 2/10), Building 21 Allentown (GreatSchools Rating 2/10), Roberto Clemente Charter School (GreatSchools Rating 4/10).
The property at 1501 Chew St has 5 bedrooms and 4 bathrooms.
The year of construction for 1501 Chew St is 1910.
This home is located at 1501 Chew St in Allentown City, PA and zip code 18102 in the West End neighborhood. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 1, 2025 and is currently priced at $589,000.
In July 2025, from all listings sold in Allentown City, PA there were more than 58 sold above asking price, over 27 sold below and more than 21 were sold right at the asked price. Between June and July 2025, Allentown City, PA real estate market has seen decrease in the number of listings by 2%. While the average time on the market in July 2025 was 18 days, the median list price was $294,500.