3817 WALLACE ST, Philadelphia, PA 19104

• 4,021 sqft

Property Description

WELCOME TO 3817 WALLACE STREET — A MODERN, INCOME-PRODUCING, 3-YEAR-OLD NEW CONSTRUCTION QUADRUPLEX LOCATED IN THE HIGHLY DESIRABLE UNIVERSITY CITY AREA. THIS TURNKEY MULTI-FAMILY PROPERTY OFFERS EXCELLENT STABILITY WITH TWO UNITS ALREADY RENTED AND STRONG IMMEDIATE CASH FLOW. UNIT #2 IS CURRENTLY RENTED FOR $1,700/MONTH, AND UNIT #4 IS RENTED FOR $2,100/MONTH. UNITS #1 AND #3 ARE CURRENTLY IN THE PROCESS OF BEING LEASED, PROVIDING ADDITIONAL UPSIDE POTENTIAL FOR THE NEW OWNER. THE BUILDING FEATURES A WELL-DESIGNED UNIT MIX: UNITS #1 AND #2 OFFER 2 BEDROOMS AND 2 FULL BATHROOMS EACH, WHILE UNITS #3 AND #4 FEATURE 3 BEDROOMS AND 2 FULL BATHROOMS EACH. UNIT #4 ALSO INCLUDES PRIVATE ROOFTOP ACCESS — A HIGHLY DESIRABLE AMENITY THAT CAN COMMAND PREMIUM RENTAL INCOME. DESIGNED WITH CONTEMPORARY FINISHES, OPEN-CONCEPT LAYOUTS, AND ENERGY-EFFICIENT SYSTEMS, THIS PROPERTY OFFERS LOW-MAINTENANCE OWNERSHIP AND LONG-TERM DURABILITY. ITS PRIME LOCATION, JUST MINUTES FROM UPENN, DREXEL UNIVERSITY, PENN PRESBYTERIAN HOSPITAL, PUBLIC TRANSPORTATION, AND MAJOR EMPLOYMENT CENTERS, ENSURES STRONG YEAR-ROUND RENTAL DEMAND. INVESTORS WILL ALSO APPRECIATE THE APPROXIMATELY 5 YEARS REMAINING ON THE 10-YEAR TAX ABATEMENT, SIGNIFICANTLY ENHANCING CASH FLOW AND OVERALL RETURNS. LOCATED IN A RAPIDLY GROWING AND APPRECIATING SECTION OF UNIVERSITY CITY, 3817 WALLACE STREET PRESENTS A RARE OPPORTUNITY TO OWN A HIGH-YIELD, FUTURE-PROOF INVESTMENT PROPERTY.

Listing Status:

Active

Date Added:

May 13, 2026

Data Last Updated:

June 14, 2026 at 6:16AM

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