3817 Wallace St, Philadelphia, PA 19104
Local realty services provided by:Better Homes and Gardens Real Estate Premier
3817 Wallace St,Philadelphia, PA 19104
$869,000
- 10 Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: gazi ataseven
Office: homesmart first advantage realty
MLS#:PAPH2619704
Source:BRIGHTMLS
Price summary
- Price:$869,000
About this home
WELCOME TO 3817 WALLACE STREET — A MODERN, INCOME-PRODUCING, 3-YEAR-OLD NEW CONSTRUCTION QUADRUPLEX LOCATED IN THE HIGHLY DESIRABLE UNIVERSITY CITY AREA. THIS TURNKEY MULTI-FAMILY PROPERTY OFFERS EXCELLENT STABILITY WITH TWO UNITS ALREADY RENTED AND STRONG IMMEDIATE CASH FLOW. UNIT #2 IS CURRENTLY RENTED FOR $1,700/MONTH, AND UNIT #4 IS RENTED FOR $2,100/MONTH. UNITS #1 AND #3 ARE CURRENTLY IN THE PROCESS OF BEING LEASED, PROVIDING ADDITIONAL UPSIDE POTENTIAL FOR THE NEW OWNER.
THE BUILDING FEATURES A WELL-DESIGNED UNIT MIX: UNITS #1 AND #2 OFFER 2 BEDROOMS AND 2 FULL BATHROOMS EACH, WHILE UNITS #3 AND #4 FEATURE 3 BEDROOMS AND 2 FULL BATHROOMS EACH. UNIT #4 ALSO INCLUDES PRIVATE ROOFTOP ACCESS — A HIGHLY DESIRABLE AMENITY THAT CAN COMMAND PREMIUM RENTAL INCOME.
DESIGNED WITH CONTEMPORARY FINISHES, OPEN-CONCEPT LAYOUTS, AND ENERGY-EFFICIENT SYSTEMS, THIS PROPERTY OFFERS LOW-MAINTENANCE OWNERSHIP AND LONG-TERM DURABILITY. ITS PRIME LOCATION, JUST MINUTES FROM UPENN, DREXEL UNIVERSITY, PENN PRESBYTERIAN HOSPITAL, PUBLIC TRANSPORTATION, AND MAJOR EMPLOYMENT CENTERS, ENSURES STRONG YEAR-ROUND RENTAL DEMAND.
INVESTORS WILL ALSO APPRECIATE THE APPROXIMATELY 5 YEARS REMAINING ON THE 10-YEAR TAX ABATEMENT, SIGNIFICANTLY ENHANCING CASH FLOW AND OVERALL RETURNS. LOCATED IN A RAPIDLY GROWING AND APPRECIATING SECTION OF UNIVERSITY CITY, 3817 WALLACE STREET PRESENTS A RARE OPPORTUNITY TO OWN A HIGH-YIELD, FUTURE-PROOF INVESTMENT PROPERTY....
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Home facts
- Year built:2020
- Listing ID #:PAPH2619704
- Added:1 day(s) ago
- Updated:May 10, 2026 at 01:34 PM
Rooms and interior
- Bedrooms:10
- Rooms Total:10
- Basement:Yes
- Basement Description:Fully Finished
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Natural Gas
Structure and exterior
- Year built:2020
- Architectural Style:Contemporary
- Construction Materials:Brick
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$869,000
- Tax amount:$1,505 (2025)
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