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3942 Wallace St, Philadelphia, PA, 19104

3beds
3baths
1,907sqft
$324,999
$170price/sqft
$2,668/moest. monthly cost
$106,720/yrincome needed

About This Home

Live in one unit, rent the other and let the property pay for itself. This corner-unit duplex in booming West Philadelphia last generated $2,400/month in rent, with low annual taxes of just $1,412 making it one of the most compelling house-hack opportunities near Drexel University and the University of Pennsylvania. First-Floor Unit features a fully updated kitchen with granite countertops and newer appliances, open living and dining area with hardwood floors, a full updated bath, in-unit stackable washer/dryer, and direct access to a large fenced rear yard. Second-Floor Unit offers two bedrooms, two full baths, a combined living and kitchen area, in-unit laundry, separate utilities, and central air designed for privacy and independent living. Bonus Flex Space a separate studio with its own entrance, large display window, and roll-up security gate. Room can be opened to the first-floor unit for additional living space, or used as a dedicated home office or creative studio. Additional features include an unfinished basement accessible via a street-level Bilco door, offering generous storage or future expansion potential. Surrounded by new construction and active neighborhood development, this well-maintained 1,907 sq ft property was extensively remodeled in 2019 including all major utilities and is move-in ready. Whether you're an owner-occupant looking to offset your mortgage or an investor seeking a turnkey income property, 3942 Wallace St delivers immediate cash flow and long-term upside in one of Philadelphia's fastest-growing corridors. All appliances included. Schedule your showing today.

Getting Around

73
WalkingVery Walkable
62
TransitGood Transit
93
BikeBiker's Paradise

Schools

3/10
Mcmichael Morton SchoolGrades PK-80.4 mi
2/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 1950

Materials

  • Foundation: Stone
  • Roof: Flat
  • Construction materials: Masonry

Notable Dates

  • Major remodel year: 2019

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Retail

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Cooktop,Electric Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • 2nd Kitchen,Bathroom - Stall Shower,Bathroom - Walk-In Shower,Combination Dining/Living,Combination Kitchen/Dining,Recessed Lighting,Studio,Dry Wall
  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,907
  • Total interior livable area: 1,907 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 774167500
  • Zoning: RSA5
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 1,176 sqft
  • Features: Rear Yard,Urban

Parking

  • Parking features: None