1502 W Chew St Allentown City, PA 18102

1502 W. Chew Street presents a compelling opportunity to acquire a fully renovated, income-producing mixed-use asset in one of Allentown's most consistently performing rental corridors offered at almost a 10% CAP Rate. The property features 6 rentable units - a street-level commercial storefront, 4 residential apartments, and a rare oversized garage - providing multiple income streams with long-term flexibility. All residential units have been thoughtfully renovated, offering modern finishes and strong in-place appeal. The units are separately metered, with tenants responsible for their own electric, minimizing landlord expenses and creating operational efficiency. This combination of recent upgrades and tenant-paid utilities positions the asset for stable, predictable cash flow. Strategically located just steps from both St. Luke's University Health Network and Lehigh Valley Health Network, the property benefits from consistent demand driven by two of the region's largest employment anchors. Additionally, it is also within walking distance to William Allen High School and the Allentown Fairgrounds Farmers Market, further enhancing neighborhood appeal, walkability, and tenant demand. The oversized garage offers additional income potential or value-add optionality, ideal for storage, contractor use, or supplemental rental revenue. With a fully renovated unit mix, diversified income streams, and a location anchored by major employers, 1502 W. Chew Street offers investors a turnkey, cash-flowing asset with both stability and upside in a proven rental market. This property is a must see!