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3817 Wallace Street
Philadelphia, PA 19104

$865,000 - Status: ACTIVE
SQFT: 4,021
MLS# PAPH2619704

FULL OCCUPIED/ 100% OCCUPIED 3817 Wallace Street presents a newer-construction four-unit multifamily investment opportunity in Philadelphia's University City neighborhood. Built in 2020 and totaling approximately 4,021 square feet, the property offers a combination of in-place income, modern construction, and remaining tax-abatement benefits. Current Rent Roll Unit 1 – 2 Bed / 2 Bath – 1680/month Unit 2 – 2 Bed / 2 Bath – Leased – $1,700/month Unit 3 – 3 Bed / 2 Bath – Leased – $1,600/month Unit 4 – 3 Bed / 2 Bath with Private Rooftop Terrace – Leased – $2,100/month Projected Gross Monthly Income: Approximately $7080 Projected Gross Annual Income: Approximately $84,960 Property Highlights • Built in 2020 • Four residential units • Approximately 4,021 square feet • Two 2-bedroom / 2-bathroom units • Two 3-bedroom / 2-bathroom units • Private rooftop terrace for Unit 4 • Contemporary kitchens and finishes • Quartz countertops • Stainless steel appliances • Energy-efficient systems • Lower-maintenance newer construction • Three units currently leased • Approximately five years remaining on Philadelphia's 10-Year Tax Abatement Location Near University of Pennsylvania, Drexel University, CHOP, Penn Presbyterian Medical Center, 30th Street Station, public transportation, and Center City employment centers. Investment Summary 3817 Wallace Street offers investors a newer-construction multifamily asset with current rental income, one remaining lease-up opportunity, and meaningful remaining tax-abatement benefits.

Property Features

MLS#: PAPH2619704
Zip: 19104
Subdivision: Mantua
Development: Philadelphia
Property Type: Multi Unit - Multiple
Number of Units: 4
Basement: Fully Finished
Basement: Yes
Cooling: Central A/C
Days on Site: 112
Fuel Type: Natural Gas
Heating: 90% Forced Air
Home Style: Contemporary
Lot Size: 0.03 acres
Taxes: $1,505
Year Built: 2020

Feature Descriptions

Additional Structures: Above Grade, Below Grade
Exterior: Brick
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Number of Rooms: 10
Sewer: Public Sewer
Structure Type: Other
Three Bedroom Units: 2
Total Garage/Parking Spaces: 0
Two Bedroom Units: 2
Units: 4
Water: Public

Local Schools

School District: PHILADELPHIA CITY

3817 Wallace Street | MLS# PAPH2619704

This multi-family property located at 3817 Wallace Street, Philadelphia, PA 19104 is currently listed for sale with an asking price of $865,000. Wallace Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.lewith-freeman.com today.

Listed By / Shown By

Listed By

Agency Name: HomeSmart First Advantage Realty
Agency Phone: 8563633000

Shown By

Agency Title: Lewith & Freeman
Agency Phone: (570) 288-9371

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Estimated Payment

$ 5,303.48 per month $4,925.77 Principal & Interest $125.42 Property Tax $252.29 Homeowner's Insurance

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