$ 869,000
-
$869,000
Price -
10
Bed -
0
Bath -
4,021
SqFt
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About the Listing HELPELDS - 3320090
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/month 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.
Listing Highlights
Status
Active
Days on Site
53
Property Type
Multi-Family
MLS ®
PAPH2619704
Year Built
2020
Total Square Footage
4,021
Lot/Acreage
0.03
Interior Details
- Bedrooms: 10
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4021
- Below Ground Sq Ft: 0
- Basement: Fully Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 15.00 x 96.00
- Zoning: RSA5
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $1,505
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
3817 Wallace St Philadelphia, PA 19104
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