Two-Unit Brick
New
For Sale
$330,000
1513 W Chew Street, Allentown, PA 18102
MULTI_FAMILY - Allentown City, PA
Property Size2,016 SF
Lot Size0.04 Acres
Price / SF$163.69
Days on Market2
Property Features for 1513 W Chew Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r-mh-Medium High Density
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking
1
Subdivision
West Park
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Coming from Route 22 exit on 15th St. towards Allentown
Standard status
Active
APN
5497507109741
Size
2,016 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2962
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
private backyard
semi-finished basement with separate entrance
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Brick
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Blanca T. Echeverria
(484) 547-8749
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 5:06PM
MLS# 782481
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,016-square-foot brick duplex, built in 1910, contains two separately configured residences. The lower unit has one bedroom, one bathroom, a living room, and an eat-in kitchen opening to a private backyard. The upper unit includes three bedrooms, a full bathroom, a living room, and its own eat-in kitchen. Hardwood and carpet flooring are present, with baseboard and electric heating serving the property.
A semi-finished basement has a separate entrance and provides additional flexible space. The units operate independently for utilities, with tenants responsible for electric and water-heating costs. Public water and public sewer serve the property, which is zoned r-mh-Medium High Density.
The property is located near West Park, major hospitals, the Allentown Fairground, restaurants, and essential highways. Its address is 1513 W Chew Street in Allentown City, Pennsylvania.
A semi-finished basement has a separate entrance and provides additional flexible space. The units operate independently for utilities, with tenants responsible for electric and water-heating costs. Public water and public sewer serve the property, which is zoned r-mh-Medium High Density.
The property is located near West Park, major hospitals, the Allentown Fairground, restaurants, and essential highways. Its address is 1513 W Chew Street in Allentown City, Pennsylvania.
Key Highlights
- Two‑unit duplex with 2,016 square feet of building area
- One‑bedroom lower residence and three‑bedroom upper residence
- Brick construction dating to 1910
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,147
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$422,940
$422.9K
Cap Rate 7%
$302,100
$302.1K
Cap Rate 9%
$234,967
$235.0K
Market Conditions
NOI Build-Up for 2,016 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.7K $16.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$30.2K $14.99/SF
− OpEx
−$9.1K −$4.50/SF
NOI
$21.1K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$422,940
Cap Rate 7%
$302,100
Cap Rate 9%
$234,967
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.3K – $352.5K
NOI $21,147 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$265.7K
$232.5K – $310.0K
NOI $18,601 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$396.1K
$346.6K – $462.1K
NOI $27,724 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Maintained duplex with distinct living spaces, a private backyard, and a semi-finished basement with separate access.
Where is this duplex located?
The property is located at 1513 W Chew Street Allentown, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,016 square feet of building area; One‑bedroom lower residence and three‑bedroom upper residence; Brick construction dating to 1910
