PA > Philadelphia
Philadelphia, PA 19104,3817 WALLACE ST
Philadelphia, PA 19104,3817 WALLACE ST
Philadelphia, PA 19104,3817 WALLACE ST
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Adam Ferst

Adam Ferst

+1(202) 421-5500
Listed by Gazi Ataseven • HomeSmart Realty Advisors
$875,000
Est. payment /mo
4,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $218

MLS Listing ID PAPH2563224

Style Contemporary

Abv Grd Liv Area 4,000

Year Built 2020

Available Date 2025-12-01

Annual Tax Amount $1,505

Tax Year 2025

Lot Size 1,440 Sqft

Acres 0.03

Lot Dimensions 15.00 x 96.00

Property Sub-Type Quadruplex

Source BRIGHT

Property Description

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 OUTSTANDING STABILITY WITH TWO UNITS ALREADY RENTED AND A THIRD UNIT CURRENTLY IN THE LEASING PROCESS, PROVIDING STRONG AND IMMEDIATE CASH FLOW.
THE BUILDING FEATURES A WELL-BALANCED UNIT MIX: UNITS 1 & 2 OFFER 2 BEDROOMS AND 2 BATHROOMS EACH, WHILE UNITS 3 & 4 OFFER 3 BEDROOMS AND 2 BATHROOMS EACH. UNIT 4 ALSO INCLUDES PRIVATE ROOFTOP ACCESS, A HIGHLY DESIRABLE FEATURE THAT CAN COMMAND PREMIUM RENTS.
DESIGNED WITH CONTEMPORARY FINISHES, OPEN LAYOUTS, AND ENERGY-EFFICIENT SYSTEMS, THIS PROPERTY PROVIDES 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 CONSISTENT YEAR-ROUND RENTAL DEMAND.
INVESTORS WILL APPRECIATE THE 5 YEARS REMAINING ON THE 10-YEAR TAX ABATEMENT, SIGNIFICANTLY INCREASING OVERALL RETURNS. LOCATED IN A RAPIDLY GROWING AND APPRECIATING POCKET OF UNIVERSITY CITY, 3817 WALLACE STREET IS A STRONG, HIGH-YIELD, AND FUTURE-PROOF INVESTMENT OPPORTUNITY.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Rooms

Basement Fully Finished

Interior

Hot Water 60+ Gallon Tank

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Above Ground Finished SqFt 4000

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 242100600

Ownership Fee Simple

SqFt Source 4000

Special Listing Condition Standard

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Bright MLS (BMLS)

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Adam Ferst

Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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