1720 Wallace Street

PHILADELPHIA, PA 19130

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,397 Sqft
  • 1615
    Sqft(Lot)
$1,150,000

Description

Exceptional 4-unit income property in the heart of the art museum area!

incredible opportunity to own a rent-ready, cash-flowing multi-family building in one of philadelphia’s most desirable neighborhoods—fairmount/spring garden. this well-maintained 4-unit property features three spacious 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit. ideal for investors or owner-occupants seeking immediate income and long-term value.

three units are tenant-occupied, generating $56,760 in gross rent in 2024, with strong rental upside—rents have not been raised in 3 years. the owner-occupied 2-bedroom/2-bath unit has rental potential of $2,200–$2,400/month, pushing projected annual income to over $83,000.

property highlights:

turnkey condition—fully rent-ready and move-in ready

three new a/c units installed in the last 3 years

two units with private roof decks offering skyline views

one unit with private backyard patio

every unit has washer/dryer, dishwasher, fireplace

immediate cash flow with future growth potential

perfect blend of income-producing and lifestyle location

located in the vibrant art museum area with easy access to kelly drive, i-76, center city, and public transit. a rare find in a high-demand rental market—whether you're building your portfolio or looking to live in one unit while renting the others, this is a must-see.

  • Property Type

    Multi-Family
  • County

    PHILADELPHIA
  • Style

    Converted Dwelling
  • AD ID

    49564353

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Exterior Property Features : Exterior Lighting,Roof Deck

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Heat Pump - Electric BackUp
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
  • Building Information

    • Exterior Features: Exterior Lighting,Roof Deck
    • Year Built: 1920
    • Structure: Interior Row/Townhouse
    • Fireplace: 4
    • New Construction: No
    • Total Units: 4
    • Built: 1920
    • Construction Material: Masonry
    • Foundation/Basement: Brick/Mortar
    • Architecture: Converted Dwelling
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric
  • Lot Information

    • Lot Size: 1,615
    • Dimensions: 17.00 x 95.00
    • Lot Size (Acres): 0.04
    • Architectural Style: Converted Dwelling
    • Main Square Feet: 1,615

    Property Information

    • SQ ft: 2,397
    • SQ ft (Living Area): 2,397
    • Total Lot SQ ft: 1,615
    • Financing: Cash,Conventional,VA
    • Appx. Lot Dimensions: 17.00 x 95.00
    • Total Acreage: 0.04
    • New Construction: No
    • Type: Converted Dwelling
  • Listing Information

    • Possession: Immediate,Seller Rent Back,Subject to Existing Lease
    • Days Of Market: 1
  • Tax Information

    • Annual Tax: $10,247
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate,Seller Rent Back,Subject to Existing Lease

    Assessment Information

    • Taxes Assessment Amount: $732,100
  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,VA

    Homeowners Association Information

    • Direction: Spring Garden Exit of I-76
  • School Information

    • School District: PHILADELPHIA CITY

    Fire Place Information

    • Total Fire Place: 4

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: Spring Garden Exit of I-76
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BuyOwner last updated this listing 05/05/2025 @ 03:53

  • MLS: PAPH2476616
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 2,397 sqft, 1,615 sized lot, and 0 parking. are nearby neighborhoods.