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For sale
  • Price cut: $4K (8/13)
    $865,000

    3817 Wallace St, Philadelphia, PA 19104

    10beds
    --baths
    4,021sqft
    : 
    $5,454/mo
    Get pre-qualified
    Quadruplex
    Built in 2020
    -- sqft lot
    $833,100 Zestimate®
    $215/sqft
    $-- HOA

    What's special

    Quartz countertopsContemporary kitchens and finishesEnergy-efficient systemsStainless steel appliances
    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.
    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#: PAPH2619704MLS Logo

      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

        DateEventPrice
        8/13/2026Price change$865,000-0.5%$215/sqft
        Source: Bright MLS #PAPH2619704 Report a problem
        5/13/2026Listed for sale$869,000-0.7%$216/sqft
        Source: Bright MLS #PAPH2619704 Report a problem
        5/5/2026Listing removed$875,000$218/sqft
        Source: Bright MLS #PAPH2563224 Report a problem
        12/1/2025Listed for sale$875,000+10.8%$218/sqft
        Source: Bright MLS #PAPH2563224 Report a problem
        4/6/2023Sold$790,000-4.2%$196/sqft
        Source: Bright MLS #PAPH2141756 Report a problem
        3/23/2023Pending sale$825,000$205/sqft
        Source: Bright MLS #PAPH2141756 Report a problem
        9/15/2022Listed for sale$825,000-17.5%$205/sqft
        Source: Bright MLS #PAPH2141756 Report a problem
        8/29/2022Listing removed$999,999+11.1%$249/sqft
        Source: Bright MLS #PAPH2041706 Report a problem
        7/21/2022Listed for sale$900,000-10%$224/sqft
        Source: Bright MLS #PAPH2141756 Report a problem
        5/1/2022Listing removed--
        Source: Weichert Pro Report a problem
        2/4/2022Listed for sale$999,999$249/sqft
        Source: Bright MLS #PAPH2041706 Report a problem
        11/30/2021Pending sale$999,999$249/sqft
        Source: Bright MLS #PAPH2041706 Report a problem
        11/1/2021Listed for sale$999,999-9.1%$249/sqft
        Source: Bright MLS #PAPH2041706 Report a problem
        8/3/2021Listing removed--
        Source: Weichert Pro Report a problem
        4/27/2021Price change$1,100,000-15.4%$274/sqft
        Source: Bright MLS #PAPH985122 Report a problem
        2/4/2021Listed for sale$1,300,000$323/sqft
        Source: Bright MLS #PAPH985122 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Mantua

        Getting around

        70 / 100
        Very Walkable
        63 / 100
        Good Transit
        94 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Philadelphia City

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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