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MLS: #PAPH2619704, Listed By: Gazi Ataseven, HomeSmart First Advantage Realty, Source:Bright MLS

3817 Wallace Street

PHILADELPHIA, PA 19104
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Bed 10

Bed

Bath 0

Bath

SqFt4,021

Sqft

Acres0.03

Acre(Lot)

3817 WALLACE STREET | PHILADELPHIA, PA 19104 Projected Gross Income of Approximately $82,800 Annually | Built in 2020 | Approximately 5 Years Remaining on Philadelphia's 10-Year Tax Abatement University City 4-Unit Investment Property 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 – Being shown – Estimated $1,500/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/m onth Projected Gross Monthly Income: Approximately $6,900 Projected Gross Annual Income: Approximately $82,800 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $869,000

AD Id : 78459162

MLS Id : PAPH2619704

Beds : 10

Lot Size : 0.03 Acre

Living Area Size : 4,021

Year Built : 2020

County : PHILADELPHIA

Subdivision: Mantua

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Feature Features

  • Bedroom Information

    Total beds: 10

    Room Information

    Rooms Total: 10 Has Basement: Yes Basement: Finished
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2020 Building Area Total: 4021 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 15.00 x 96.00 Lot Size Acres: 0.03 Lot Size Source: Assessor Lot Size Square Feet: 1440

    Property Information

    Subdivision: MANTUA Source Property Type: Residential Income Postal Code Plus 4: 5897 Property SubType: Quadruplex Property Age: 6

  • Listing Price Information

    Listing Price: $869000

  • Tax Information

    Parcel Number: 242100600 Tax Lot: 117 Tax Year: 2025 Annual Tax: $1505

  • Parking Information

    None

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3101 Haverford Avenue, Philadelphia, PA, 19104 $650,000 5 -- 2,304 2,304 SqFt
521 N 34th Street, Philadelphia, PA, 19104 $3,675,000 28 -- 11,700 11,700 SqFt
516 N 34th Street, Philadelphia, PA, 19104 $1,250,000 12 -- 4,731 4,731 SqFt
641 N 34th Street, Philadelphia, PA, 19104 $230,000 2 -- 1,004 1,004 SqFt
3414 Spring Garden Street, Philadelphia, PA, 19104 $829,000 6 -- 3,214 3,214 SqFt
3424 Wallace Street, Philadelphia, PA, 19104 $650,000 4 -- 3,672 3,672 SqFt
3602 Powelton Avenue, Philadelphia, PA, 19104 $1,250,000 7 -- 3,150 3,150 SqFt
3627 Powelton Avenue, Philadelphia, PA, 19104 $985,000 6 -- 2,712 2,712 SqFt
623 N 36th Street, Philadelphia, PA, 19104 $925,000 6 -- 3,264 3,264 SqFt
3625 Spring Garden Street, Philadelphia, PA, 19104 $1,199,000 4 -- 4,000 4,000 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 08/12/2026 @ 08:33

MLS: PAPH2619704 LISTED BY: Gazi Ataseven, HomeSmart First Advantage Realty 856-363-3000 SOURCE: Bright MLS

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