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3424 Wallace St , Philadelphia, PA 19104
$650,000
Est. Payment: $3,511.41/mo
4 Bed
8 Bath
3672 Sqft
0.03 Acres
Status: active under contract | Days on site: 138
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KWEMPWR - 3118210,3296658
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House Description

This exceptional fully leased triplex, ideally situated within walking distance of Drexel University, presents a rare opportunity to own a modern, income-producing multi-unit property in one of the city’s most sought-after rental corridors. Constructed in 2018 with contemporary design and functionality in mind, this turnkey investment property offers strong cash flow alongside upscale finishes and highly desirable amenities. The building consists of three thoughtfully designed residential units, including two spacious 2-bedroom, 2-bathroom apartments and one expansive 4-bedroom, 4-bathroom unit, each tailored to meet the demands of today’s tenants. The second-floor apartment features a private balcony, creating the perfect setting for morning coffee or evening relaxation, while the third-floor residence boasts an exclusive rooftop deck ideal for entertaining guests, enjoying panoramic skyline views, and socializing in style. Throughout the property, residents are welcomed by sleek laminate hardwood flooring, modern LED lighting, and the convenience of in-unit laundry. Each kitchen is beautifully appointed with stainless steel appliances, including refrigerators, dishwashers, built-in microwaves, and garbage disposals, complemented by elegant shaker-style cabinetry and premium quartz countertops that provide both sophistication and durability. The bathrooms are equally impressive, showcasing designer tile flooring and beautifully tiled showers that create a clean, modern aesthetic. Every bedroom is generously sized and features oversized closets along with private en-suite bathrooms, offering residents an elevated level of comfort, privacy, and convenience. Combining contemporary construction, desirable amenities, and a prime university-area location, this outstanding investment property is perfectly positioned for continued rental demand and long-term appreciation.

Highlights

Listed by Stuart C Cohen , 2152750800 and Zachary Cohen , 6105134072 KW Empower , 2156273500. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

2018

County

Philadelphia

Area

19104 (19104)

Neighborhood

Mantua

School District

The School District Of Philadelphia

Listing ID

PAPH2622272

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:2772
Below Ground Sq Ft:900
Basement:Fully Finished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:14.00 x 104.00
Zoning:RSA5
Sewer:Public Sewer
Principal Interest
$3,511
Taxes
$995

Home Price

$650,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$130,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,511.41

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,511.41 $995.08 $0.00 $4,506.50
Yearly $42,136.95 $11,941.00 $0.00 $54,077.95
Total $1,264,108.50 $358,230.00 $0.00 $1,622,338.50
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS