3407 WALLACE STREET
3407 WALLACE STREET
3407 WALLACE STREET
SEE ALL PHOTOS
3407 WALLACE STREET
3407 WALLACE STREET
3407 WALLACE STREET
Sold

3407 WALLACE STREET

3407 WALLACE STREET, PHILADELPHIA, PA 19104

$995,000
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.

5,082 Sq.Ft. LIVING AREA

2,662 Sq.Ft. lot

Steven Onesti

Steven Onesti

Features & Amenities

Area & Lot

  • Status Sold
  • Date Sold April 7, 2025
  • Living Area5,082 Sq.Ft.
  • Total Area5,082 Sq.Ft.
  • Lot Area2,662 Sq.Ft.
  • MLS® IDPAPH2430570
  • TypeCommercial
  • YEAR BUILT2013
  • NeighborhoodWest Philadelphia
  • School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA

Exterior

  • water SourcePublic
  • PoolNo Pool
  • parkingNone
  • HEAT TYPEHeat Pump(s)
  • AIR CONDITIONINGCentral A/C
  • sewerPublic Sewer
  • Disability FeaturesNone

Financial

  • Sales Price$995,000
  • Real Estate Tax $4,993/yr
  • Zoning RSA5

West Philadelphia

Some of the homes date back to 1850 when the earliest developments began, while most homes were built prior to 1930.

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