3817 Wallace Street • Philadelphia, PA 19104

$869,000 Beds: 0 • Baths:Sq. Feet: 4021 • MLS ID: PAPH2619704 • Subdivision: MANTUA • School Dist: PHILADELPHIA CITY
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. View this listing at: http://movewithmike.net/mls=PAPH2619704

Property Features

  • Taxes: $1,505
  • Basement: Yes
  • Exterior: Brick
  • Lot Size: 0.03 Acres
  • Lot Dimensions: 0.03 Acre(S)
  • Heating: 90% Forced Air
  • Fuel Type: Natural Gas
  • Cooling: Central A/C
  • Year Built: 2020
  • Water: Public
  • Sewer: Public Sewer
  • Units: 4
  • Number of Rooms: 10
  • Two Bedroom Units: 2
  • Three Bedroom Units: 2
  • Municipality: PHILADELPHIA
  • Additional Structures: Above Grade,Below Grade
  • Structure Type: Other
  • Total Garage/Parking Spaces: 0
  • Basement: Fully Finished

School Information

  • School District: PHILADELPHIA CITY
Printed July 21, 2026


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