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sales rep | Brivity IDX

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3817 Wallace St , Philadelphia, PA 19104
$865,000
Est. Payment: $4,672.88/mo
10 Bed
4021 Sqft
0.03 Acres
Status: active | Days on site: 171
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House Description

FULL OCCUPIED/ 100% OCCUPIED 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 – 1680/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 $7080 Projected Gross Annual Income: Approximately $84,960 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.

Highlights

Listed by Gazi Ataseven , 2677746886 HomeSmart First Advantage Realty , 8563633000. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

2020

County

Philadelphia

Area

19104 (19104)

Neighborhood

Mantua

School District

Philadelphia City

Listing ID

PAPH2619704

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:4021
Basement:Fully Finished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:15.00 x 96.00
Zoning:RSA5
Sewer:Public Sewer
Principal Interest
$4,673
Taxes
$125

Home Price

$865,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$173,000
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:
$4,672.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,672.88 $125.42 $0.00 $4,798.30
Yearly $56,074.56 $1,505.00 $0.00 $57,579.56
Total $1,682,236.70 $45,150.00 $0.00 $1,727,386.70
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