4,021 SqFt
4,021 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,021 sqft
Price per Sqft $216
Subdivision Mantua
MLS Listing ID PAPH2619704
Style Contemporary
Abv Grd Liv Area 4,021
Year Built 2020
Available Date 2026-05-13
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
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.
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 Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 4021
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 4021
Special Listing Condition Standard
Nearby Locations
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