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3942 Wallace St, 
Philadelphia, PA 19104

$324,999


3

Beds


Bath


1,907

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Melissa Purnell

RE/MAX Access, 2154002600, remaxsteveo@gmail.com

Last updated:

May 16, 2026, 07:26 AM

MLS#

PAPH2578578

Source:

BRIGHTMLS

About This Home

3942 Wallace St

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.

Home Facts

Multi-Family

3 Bedrooms

Built in 1950

Price Summary

324,999

$170 per Sq. Ft.

MLS #:

PAPH2578578

Last Updated:

May 16, 2026, 07:26 AM

Added:

3 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3


Structure

Structure

Building Area:

1,907 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

1,306


Finances & Disclosures

Finances

Price:

$324,999

Price per Sq. Ft:

$170 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.