Two-Unit Brick
For Sale
$315,000
Pending
2-1513 Chew St, Allentown, PA 18109
Separate residences offer distinct layouts, independent utility arrangements, and access to a semi-finished basement.
Property Size2,016 SF
Days on Market67
Property Features for 2-1513 Chew St
General Information
Standard status
Pending
Size
2,016 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,961
Building Details
Buildings
1
Construction
brick
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Blanca T. Echeverria
(484) 547-8749
Source:
Exprealty
Added: Aug 13
Changed: Oct 4
Last Checked: Oct 16 at 12:34PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit brick duplex contains 2,016 square feet of residential space. The lower residence includes one bedroom, one bathroom, a living room, and an eat-in kitchen with direct access to a private backyard. The upper unit occupies the second level and provides three bedrooms, a full bathroom, a living room, and a separate eat-in kitchen.
The property also includes a semi-finished basement with its own entrance. Utility service is separately arranged for each residence, with tenants responsible for electric and water-heating costs. The home is located near West Park, major hospitals, the Allentown Fairground, restaurants, and essential highways.
The property also includes a semi-finished basement with its own entrance. Utility service is separately arranged for each residence, with tenants responsible for electric and water-heating costs. The home is located near West Park, major hospitals, the Allentown Fairground, restaurants, and essential highways.
Key Highlights
- 2,016‑square‑foot brick duplex with two separate residential units
- Lower unit includes 1 bedroom, 1 bathroom, living room, and eat‑in kitchen
- Upper unit offers 3 bedrooms, full 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer distinct layouts, independent utility arrangements, and access to a semi-finished basement.
Where is this duplex located?
The property is located at 2-1513 Chew St 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 with two separate residential units; Lower unit includes 1 bedroom, 1 bathroom, living room, and eat‑in kitchen; Upper unit offers 3 bedrooms, full bathroom, living room, and eat‑in kitchen
