Brick Duplex with
For Sale
$315,000
1513 W Chew St Unit 2, Allentown, PA 18102
Two distinct layouts include a one-bedroom unit and an upper-level three-bedroom residence.
Property Size2,016 SF
Price / SF$156.25
Days on Market54
Property Features for 1513 W Chew St Unit 2
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Construction
brick
Listing Agency:
Howard Hanna TheFrederickGroup
Listed By:
Blanca T. Echeverria
(610) 395-0393
Source:
Jennysoldmine
Added: Aug 26
Changed: Oct 4
Last Checked: Oct 7 at 3:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna TheFrederickGroup
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Investment Insights
Based on property information with market context.
This 2,016-square-foot brick duplex, built in 1910, contains two separately arranged residences. The lower unit offers one bedroom, one full bathroom, a living room, and an eat-in kitchen with access to the private backyard. Upstairs, the second residence features three bedrooms, a full bathroom, a spacious living room, and its own eat-in kitchen.
A semi-finished basement with a separate entrance adds functional space to the property. The units operate independently for utilities, with tenants responsible for electric and water-heating costs. The property is located near West Park, major hospitals, the Allentown Fairground, restaurants, and highways.
A semi-finished basement with a separate entrance adds functional space to the property. The units operate independently for utilities, with tenants responsible for electric and water-heating costs. The property is located near West Park, major hospitals, the Allentown Fairground, restaurants, and highways.
Key Highlights
- 2,016‑square‑foot brick duplex built in 1910
- Lower residence includes 1 bedroom, 1 bathroom, living room, and eat‑in kitchen
- Upper residence features 3 bedrooms, 1 bathroom, living room, and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,147
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
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
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 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 6.71%
Second Best
Apartment 5plus
$265.7K
$232.5K – $310.0K
NOI $18,601 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$396.1K
$346.6K – $462.1K
NOI $27,724 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,920
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct layouts include a one-bedroom unit and an upper-level three-bedroom residence.
Where is this duplex located?
The property is located at 1513 W Chew St Unit 2 Allentown, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,016‑square‑foot brick duplex built in 1910; Lower residence includes 1 bedroom, 1 bathroom, living room, and eat‑in kitchen; Upper residence features 3 bedrooms, 1 bathroom, living room, and eat‑in kitchen
