Multifamily Property with Basement
New
For Sale
$750,000
1525 West Chew Street, Allentown, PA 18102
A remodeled lower-level laundry area adds a practical amenity and potential income source for the property.
Property Size5,804 SF
Price / SF$129.22
Days on Market4
Property Features for 1525 West Chew Street
General Information
Standard status
Active
Size
5,804 SF
Property subtype
ResidentialIncome
Zoning
R-MH
Taxes and HOA fees
Annual Taxes
$8,980
Amenities
dedicated laundry area
true
6
3
9
false
Public
2178
0.05
Building Details
Year Built
1910
Stories
3
Listing Agency:
IronValley RE of Lehigh Valley
(610) 890-9942
Listed By:
Andrew Dilg
Source:
Corbyrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:24AM
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
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Investment Insights
Based on property information with market context.
The 5,804-square-foot multifamily property was built in 1910 and is zoned R-MH. Its basement has been remodeled to include a dedicated laundry area, which may support an additional income stream while serving residents.
Located at 1525 West Chew Street in Allentown, Pennsylvania, the property offers a defined laundry space within its existing layout.
Located at 1525 West Chew Street in Allentown, Pennsylvania, the property offers a defined laundry space within its existing layout.
Key Highlights
- 5,804‑square‑foot multifamily property
- Remodeled basement with a dedicated laundry area
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,552
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
2,920
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Multifamily property - A remodeled lower-level laundry area adds a practical amenity and potential income source for the property.
Where is this multifamily property located?
The property is located at 1525 West 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 multifamily property; Remodeled basement with a dedicated laundry area; Built in 1910
