543 Chestnut Street
Property Description
**Pls try to have offers in by Wednesday, 5pm, for offer presentation to seller on Thursday!** INVESTMENT OPPORTUNITY in the heart of Emmaus! This distinctive property offers TWO separate residences on one parcel, providing an excellent opportunity for an investor seeking established rental income, or an owner-occupant looking to live in one and rent the other. The front yellow house is currently leased through December 2026, while the charming red-brick carriage house has been rented by the same tenants since 2018. Rental income here is clearly a winner compared to the expected mortgage. The property has benefited from numerous improvements and updates. Both asphalt shingle roofs were replaced in 2021, including replacement of plywood as needed, and the flat roof was replaced in 2018. The yellow house received a major renovation in 2020. A new Carrier gas furnace was installed in 2026, along with a new refrigerator in 2024 and gas range in 2023. The red-brick carriage house features a new natural-gas range (2024), Bradford White natural-gas water heater and expansion tank (2026), washer and dryer (2024), dishwasher (2021), and plumbing and faucet improvements (2025). A mini-split system was installed in 2019 to provide cooling and supplemental heating. Each residence has its own electric and water/sewer meter, with tenants responsible for their own electric and reimbursing the landlord for water/sewer-helping keep owner-paid operating expenses manageable. Landlord-paid expenses include insurance, trash service, & lawn care. Tenants handle their own snow removal. The property also offers valuable recent exterior maintenance, including tree trimming in 2026. Sections of the front sidewalk that are heaving are scheduled to be replaced by the landlord. All appliances are owned by the seller and remain with the property, including refrigerators, ranges, microwave, washers, dryers, and dishwashers. With established rental history, separate utilities, substantial recent improvements, and two distinct living spaces, 543 Chestnut Street presents an attractive opportunity to add a versatile income-producing property to your portfolio. Conveniently located in Emmaus with easy access to local shopping, dining, parks, schools, and major routes.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $370,000 |
| No. of Units: | 2 |
| Year Built: | 1890 |
| Lot Size: | 2,564.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $185,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-LVARPA-783961
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