$865,000
 $4,644 est/mo Sourced by Back At You

3817 Wallace St,PHILADELPHIA, PA 19104

PHILADELPHIA, PA 19104

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Description

FULL OCCUPIED/ 100% OCCUPIED 3817 Wallace Street presents a newer-construction four-unit multifamily investment opportunity inPhiladelphia's University City neighborhood. Built in 2020 and totaling approximately 4,021 squarefeet, the property offers a combination of in-place income, modern construction, and remainingtax-abatement benefits.Current Rent RollUnit 1 - 2 Bed / 2 Bath - 1680/monthUnit 2 - 2 Bed / 2 Bath - Leased - $1,700/monthUnit 3 - 3 Bed / 2 Bath - Leased - $1,600/monthUnit 4 - 3 Bed / 2 Bath with Private Rooftop Terrace - Leased - $2,100/monthProjected Gross Monthly Income: Approximately $7080Projected Gross Annual Income: Approximately $84,960Property 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 AbatementLocationNear University of Pennsylvania, Drexel University, CHOP, Penn Presbyterian Medical Center, 30thStreet Station, public transportation, and Center City employment centers.Investment Summary3817 Wallace Street offers investors a newer-construction multifamily asset with current rentalincome, one remaining lease-up opportunity, and meaningful remaining tax-abatement benefits.

Details

MLS #PAPH2619704
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year2020
Days On Site162
Listing Provided ByHomeSmart First Advantage Realty | Gazi Ataseven

Features

SQ Feet4,021
BasementY
Units4
ZoningRSA5
Acreage0.03

Interior

Rooms Total10
CoolingCentral A/C
Heating Yes / NoYes
Heating90% Forced Air

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount1505

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Community NameMANTUA
School DistrictPHILADELPHIA CITY
Listing VS Median (in MANTUA)
Price:
$865,000
low | high
Med:
$171,450
100% of Average
sqft:
4,021
low | high
Med:
1,194
100% of Average
$ / sqft:
$215
low | high
Med:
$156
77.546881842739% of Average
On site:
162
low | high
Med:
219.5
73.80410022779% of Average
Sourced by Back At You

Market Activity 19104

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Learn More About This Property

Janice Iaquinto

Janice Iaquinto

Class Harlan Real Estate

RS284126ABR (215) 262-0045jiaquinto@comcast.net
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Community NameMANTUA
School DistrictPHILADELPHIA CITY
Listing VS Median (in MANTUA)
Price:
$865,000
low | high
Med:
$171,450
100% of Average
sqft:
4,021
low | high
Med:
1,194
100% of Average
$ / sqft:
$215
low | high
Med:
$156
77.546881842739% of Average
On site:
162
low | high
Med:
219.5
73.80410022779% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $648K - $1.81M
sqft: 3,000 - 5,000
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Listing Updated: October 13, 2026 at 5:33:35 PM PDT