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Back 3815 Wallace Street
Off Market

3815 Wallace Street

Philadelphia PA 19104

4
3110 sq. ft.
1440 sq. ft.
Duplex
Last sold for $770,000
Michael PhillipsMichael Phillips, last sold this property on 17 May 2023 after 299 days on market.

Overview

Incredible investment opportunity in a high growth area of University City! 3815-17 Wallace St includes two mirror image 4 unit new construction buildings with over 8 years left on a full 10 year Tax Abatement and is being offered with 623 N 36th St as an 11 UNIT PORTFOLIO. Each side boasts two 2 bedroom and two 3 bedroom apartment units with top quality finishes, central A/C, and in-unit laundry. Half of the units have either a private patio or a private roof deck. Get the best of both worlds with new construction buildings that do not require any work while still boasting a value add opportunity to lease at rates more in line with the market after an initial lease up during the midst of the covid lockdowns and the ability to benefit from the nearby construction boom. Great location with new construction all around, including a 30+ unit project on the same block and the neighborhood transforming development of Village Square in Haverford just over a block away. The highly anticipated uCity Square project featuring 8 million square feet of new office, lab, medical, academic, residential and commercial space is in progress just down the road. Close proximity to other economic and employment drivers such as Drexel University, Penn Presbyterian Hospital, University of Pennsylvania, the Schulykill Yards project, major transportation lines to Center City, I-76, and plenty favorite neighborhood restaurants and nightlife. All electric utilities for easy management. All three buildings are located in Federal Opportunity Zones and have a tax abatements allowing for incredibly low property taxes for many years to come. Operating Memorandum and additional lease and operations information are available upon request.

Features

4 bedrooms
3110 sq. ft. floor area
1440 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Philadelphia over the last 12 months, the estimated median property value of 3815 Wallace Street is $300k.

Median value
$300k
Estimated value range
$275k - $705k
Median days on market
155
Estimated value trend
-25%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Philadelphia. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3815 Wallace Street

2023
Sold
$770,000
17 May 2023 by Michael Phillips, of Compass Pennsylvania, LLC
2022
Sold
$950,000
28 Jan 2022 by Edward Munin, of Weichert Realtors
2019
Sold
$480,000
28 Oct 2019

Happy sellers in Philadelphia

~%

We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.

Local market activity for 4 bedroom duplexes in Philadelphia

In the last 12 months, 7 four-bedroom duplexes similar to 3815 Wallace Street, have been sold.

This represents a 23% increase in four-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Philadelphia

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Or Aharon

Or Aharon is a recommended agent for Philadelphia.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Philadelphia
  •  1 Sale in Philadelphia
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Martin Rodriguez

Martin Rodriguez is an award winning recommended agent for Philadelphia.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (42 reviews)
  •  1 Review in Philadelphia
  •  1 Sale in Philadelphia
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Benjamin Cathey

Benjamin Cathey is a recommended agent for Philadelphia.  They have 5 local sales across the last 12 months.

  •  5 Sales in Philadelphia
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Thomas Dilsheimer

Thomas Dilsheimer is a recommended agent for Philadelphia.  They have 4 local sales across the last 12 months.

  •  4 Sales in Philadelphia
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