3817 WALLACE ST, Philadelphia, PA 19104

• 4,021 sqft

Property Description

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 Status:

Active

Date Added:

May 13, 2026

Data Last Updated:

August 8, 2026 at 7:16AM

Listing Office:

HomeSmart First Advantage Realty : 8563633000

Listing Agent:

Gazi Ataseven : 2677746886

MLS ID:

PAPH2619704

Interior

• Basement: Fully finished
• A/C: Central A/C
• Heating: 90% Forced AirNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Contemporary

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA5242100600

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN