Brick Apartment Building with
For Sale
$750,000
1525 W Chew Street, Allentown, PA 18102
ResidentialIncome, Allentown City, PA
Property Size5,804 SF
Lot Size0.05 Acres
Price / SF$129.22
Days on Market50
Property Features for 1525 W Chew Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-MH
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bathroom 1, Bedroom 5, Bedroom 7, Bathroom 6, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 9, Bedroom 8, Bathroom 3, Bedroom 6
Subdivision
West Park Historic
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
From Route 22, take the 15th Street exit and head south. Turn right onto W Chew Street. Continue for about half a mile, and the property will be on your left near the intersection of 15th Street and W Chew Street.
Standard status
Active
APN
549750617488-1
Size
5,804 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8980
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating), Baseboard, Natural Gas
Water source
Public
Amenities
laundry area
Building Details
Year built
1910
Floors in Building
3
Number of units
6
Building materials
Brick
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Jacqueline Romero
(484) 241-1011
Added: Jul 21
Changed: Sep 8
Last Checked: Sep 8 at 9:06PM
MLS# 781174
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 apartment building at 1525 W Chew Street contains 5,804 square feet on a 0.05-acre parcel. Built in 1910, the brick structure includes 9 bedrooms and 6 bathrooms, with a recently remodeled basement that provides a dedicated laundry area. The property is served by public water and public sewer.
Located in Allentown City, Pennsylvania, the building carries R-MH zoning. Heating is provided through a natural-gas system with hot-water and baseboard components. The existing layout and laundry improvement provide a defined residential income property configuration without requiring a change to the building's established use.
Located in Allentown City, Pennsylvania, the building carries R-MH zoning. Heating is provided through a natural-gas system with hot-water and baseboard components. The existing layout and laundry improvement provide a defined residential income property configuration without requiring a change to the building's established use.
Key Highlights
- 5,804‑square‑foot apartment building on a 0.05‑acre parcel
- 9 bedrooms and 6 bathrooms
- Recently remodeled basement with dedicated laundry area
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
Property Profile
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
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?
Apartment building - R-MH zoning, public utilities, and a remodeled basement laundry area support the property's residential configuration.
Where is this apartment building located?
The property is located at 1525 W Chew Street 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: 5,804‑square‑foot apartment building on a 0.05‑acre parcel; 9 bedrooms and 6 bathrooms; Recently remodeled basement with dedicated laundry area
