Multifamily Property with Laundry
For Sale
$750,000
1525 W Chew St, Allentown, PA 18102
Two-level residential income property with a remodeled basement and dedicated laundry space.
Property Size5,804 SF
Price / SF$129.22
Days on Market11
Property Features for 1525 W Chew St
General Information
Standard status
Active
Size
5,804 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
IronValley RE of Lehigh Valley
Listed By:
Jacqueline Romero
(484) 241-1011
Source:
Poconohomessearch
Added: Sep 6
Changed: Sep 11
Last Checked: Sep 15 at 12:58PM
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 IronValley RE of Lehigh Valley
Investment Insights
Based on property information with market context.
Built in 1910, this multifamily property at 1525 West Chew Street includes a basement that has been updated with a dedicated laundry area. The basement improvement adds functional space for residents and supports an on-site laundry component within the property’s existing layout.
The property is located in Allentown City, Pennsylvania, and is offered as a residential income asset. Ownership has maintained detailed operating-cost records, with the current owner handling most maintenance and repair work directly. The available improvements and operating history provide a clear basis for evaluating the property’s ongoing use and management approach.
The property is located in Allentown City, Pennsylvania, and is offered as a residential income asset. Ownership has maintained detailed operating-cost records, with the current owner handling most maintenance and repair work directly. The available improvements and operating history provide a clear basis for evaluating the property’s ongoing use and management approach.
Key Highlights
- 1910‑built multifamily property
- Recently remodeled basement
- Dedicated laundry area in the basement
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
$53,552
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
7.14%
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%
$1,071,040
$1.1M
Cap Rate 7%
$765,029
$765.0K
Cap Rate 9%
$595,022
$595.0K
Market Conditions
NOI Build-Up for 5,804 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
$104.5K $18.00/SF
− Vacancy
−$7.1K −$1.22/SF
EGI
$97.4K $16.78/SF
− OpEx
−$43.8K −$7.55/SF
NOI
$53.6K $9.23/SF
Area
Allentown, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,071,040
Cap Rate 7%
$765,029
Cap Rate 9%
$595,022
Alternative Uses
Best Use
Apartment 5plus
$765.0K
$669.4K – $892.5K
NOI $53,552 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$997.7K – $1.33M
NOI $79,817 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-level residential income property with a remodeled basement and dedicated laundry space.
Where is this multifamily property located?
The property is located at 1525 W Chew St Allentown, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1910‑built multifamily property; Recently remodeled basement; Dedicated laundry area in the basement
