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1502 W Chew Street, 
Allentown City, PA 18102

$849,000


8

Beds


6

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Andrew A. Ginsburg

Bhhs Regency Real Estate

Last updated:

May 22, 2026, 02:54 PM

MLS#

775883

Source:

PA LVAR

About This Home

1502 W Chew Street

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!

Home Facts

Multi-Family

6 Baths

8 Bedrooms

Built in 1913

Price Summary

849,000

MLS #:

775883

Last Updated:

May 22, 2026, 02:54 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4


Structure

Structure

Year Built:

1913


Lot

Lot Size (Sq. Ft):

2,962


Finances & Disclosures

Finances

Price:

$849,000

Source:PA LVAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.