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3407 WALLACE ST Philadelphia, PA 19104
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Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,082 sqft
Price per Sqft $195
Subdivision Mantua
MLS Listing ID PAPH2430570
Sold Date 04/07/25
Style Straight Thru
Abv Grd Liv Area 5,082
Originating Board BRIGHT
Year Built 2013
Annual Tax Amount $4,993
Tax Year 2025
Lot Size 2,662 Sqft
Acres 0.06
Lot Dimensions 24.00 x 110.00
Property Sub-Type Other
Property Description
Amazing investment opportunity. This modern, fully occupied 5-unit, 15-bedroom multi-family property, built in 2013, is situated in the highly sought-after Mantua neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes two (2) two-bedroom, one-bathroom units, one (1) three-bedroom, two-bathroom unit and two (2) four-bedroom, two-bathroom units. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, intercom system and much more. Don't miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881808641
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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