3942 Wallace Street Philadelphia, PA $ 324,999
3942 Wallace Street
$ 324,999
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3942 Wallace Street

Philadelphia, PA, 19104
$ 324,999
Bedrooms3 Baths0.0

Monthly Estimate*

$ 2,001

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Multi-Family Home for sale in Philadelphia, PA

for $324,999 with 3 bedrooms. This home was built in 1950 on a lot size of 0.03.

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.

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Multi-Family Active

Price

$ 324,999

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 1,412

Style

Lot Size

0.03

Year Built

1950

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2578578

Features
General
Living Area 1907
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Immediate
Roof Flat
Appliances Built-In Microwave Refrigerator Stove
Zoning RSA5
Architectural Style Other
Security Features Security Gate
Construction Materials Masonry
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 1950
Property Subtype Duplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 8
Status ACTIVE
Directions Use GPS
City PHILADELPHIA
Number Of Units Total 2
MLS Area 19104 (19104)
Lot Size Units Square Feet
Lot Size Square Feet 1176.00
Number of Units Leased 0
Tax Annual Amount 1412.0
Property Condition Excellent
Two Bedroom 1
Structure Type Over Storefront
Price Per Sq Ft Total AG 170.42
Rent Control Y/N N
Vacation Rental Y/N N
Virtual Tour https://www.zillow.com/view-imx/78567288-02c6-4090-94fb-97d5625d05fb?wl=true&setAttribution=mls&initialViewType=pano
Location Type Urban
Standard Status Active
Year Built Source Estimated
Tax Lot 42
Total Actual Rent 28800.00
Cap Rate 8.20
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Interior
Interior Amenities 2nd Kitchen Bathroom - Stall Shower Bathroom - Walk-In Shower Combination Dining/Living Combination Kitchen/Dining Recessed Lighting Studio
Heating Fuel Natural Gas
Basement Outside Entrance Unfinished
Flooring Hardwood
Hot Water Electric
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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Exterior
Pool No Pool
Lot Features Rear Yard
Water Source Public
Inclusions All appliances
Type of Parking None
Foundation Details Stone
Spa N
Water View Y/N N
Lot Size Acres 0.03
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 13120.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 3942
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* Excluded Features
List By
Re/Max Access

Broker

mkpurnell@gmail.com

Email

Affordability Calculator

$2,119
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,001
Monthly Property Taxes
$118
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$324,999 -7.12% Price Down
3/7/2026$349,900 -5.43% Price Down
1/27/2026$370,000 Listed Price

Map


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3942 Wallace Street, Philadelphia, PA, 19104 is a Multi-Family Home for sale at $324,999 with a lot size of 0.03. 3942 Wallace Street has 3 bedrooms, 0.0 baths, and was built in 1950. The property's zip code is 19104 which is in Philadelphia, PA