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.
For sale
Price cut: $4K (8/13)
$865,000
3817 Wallace St, Philadelphia, PA 19104
10beds
--baths
4,021sqft
Quadruplex
Built in 2020
-- sqft lot
$833,100 Zestimate®
$215/sqft
$-- HOA
What's special
Quartz countertopsContemporary kitchens and finishesEnergy-efficient systemsStainless steel appliances
- 109 days
- 128
- 22
Zillow last checked:
Listing updated:
Listed by:
Gazi Ataseven 267-774-6886,
HomeSmart First Advantage Realty (856) 363-3000
Source: Bright MLS,MLS#: PAPH2619704
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 4,021
- Total interior livable area: 4,021 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,440 Square Feet
- Dimensions: 15.00 x 96.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 242100600
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
Materials
- Brick
Condition
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Mantua
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $215/sqft
- Tax assessed value: $107,540
- Annual tax amount: $1,505
- Date on market: 5/13/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 84960
Estimated market value
$833,100
$791,000 - $875,000
$1,661/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $865,000-0.5%$215/sqft |
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| 5/13/2026 | Listed for sale | $869,000-0.7%$216/sqft |
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| 5/5/2026 | Listing removed | $875,000$218/sqft |
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| 12/1/2025 | Listed for sale | $875,000+10.8%$218/sqft |
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| 4/6/2023 | Sold | $790,000-4.2%$196/sqft |
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| 3/23/2023 | Pending sale | $825,000$205/sqft |
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| 9/15/2022 | Listed for sale | $825,000-17.5%$205/sqft |
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| 8/29/2022 | Listing removed | $999,999+11.1%$249/sqft |
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| 7/21/2022 | Listed for sale | $900,000-10%$224/sqft |
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| 5/1/2022 | Listing removed | -- |
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| 2/4/2022 | Listed for sale | $999,999$249/sqft |
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| 11/30/2021 | Pending sale | $999,999$249/sqft |
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| 11/1/2021 | Listed for sale | $999,999-9.1%$249/sqft |
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| 8/3/2021 | Listing removed | -- |
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| 4/27/2021 | Price change | $1,100,000-15.4%$274/sqft |
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| 2/4/2021 | Listed for sale | $1,300,000$323/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,527 +286.8% | $537,700 -22.6% |
| 2024 | $1,946 | $695,000 |
| 2023 | $1,946 -72.1% | $695,000 |
| 2022 | $6,972 +1335.4% | -- |
| 2021 | $486 | -- |
| 2018 | $486 | -- |
| 2017 | $486 | -- |
| 2016 | $486 | -- |
| 2015 | $486 | -- |
| 2014 | $486 | $14,600 +251% |
| 2012 | -- | $4,160 |
| 2011 | -- | $4,160 |
| 2010 | -- | $4,160 |
| 2009 | -- | $4,160 |
| 2008 | -- | $4,160 +584.2% |
| 2007 | -- | $608 +5.6% |
| 2006 | -- | $576 |
| 2005 | -- | $576 |
| 2004 | -- | $576 |
| 2003 | -- | $576 |
| 2002 | -- | $576 |
| 2000 | -- | $576 -79.1% |
| 1999 | -- | $2,752 |
Find assessor info on the county website
Monthly payment
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