3942 WALLACE Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Jan 27, 2026
- Days on Market:
- 134
- Last Refresh:
- Jun 10 at 3:06 pm
Property Features for 3942 WALLACE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Dining Room
- Interior features
- 2nd Kitchen, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Combination Dining/Living, Combination Kitchen/Dining, Recessed Lighting, Studio
- Appliances
- Built-In Microwave, Refrigerator, Stove
- Standard status
- Active
- Size
- 1,907 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1412
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Masonry
Listing agent Melissa Purnell License #AB068639 (267) 273-3440
Listing office RE/MAX Access 100 Spring Garden Street, Philadelphia, PA (215) 400-2600
Listing date Jan 27, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Corner‑unit duplex plus separate studio at 3942 Wallace St; move‑in ready with extensive 2019 remodel and all major utilities updated
- Recent rental performance: last generated $2,400/month in rent, with low annual taxes of $1,412
- 1st‑floor unit: fully updated kitchen with granite countertops and newer appliances, open living/dining with hardwood floors, updated full bath, in‑unit stackable W/D
- 2nd‑floor unit: two bedrooms and two full baths, combined living and kitchen area, in‑unit laundry, separate utilities, central air
- Bonus flex space: separate studio with its own entrance, large display window, and roll‑up security gate
- Large fenced rear yard with direct access; unfinished basement with street‑level Bilco door provides storage or future expansion
Overview
Located in Philadelphia, the home is positioned near Drexel University and the University of Pennsylvania, with a surrounding mix of new construction and active neighborhood development. This setting supports flexible day-to-day living and work arrangements while keeping both units functionally independent.
This layout is well suited to an owner-occupant seeking income from a second unit, or to a buyer looking for a turnkey duplex with a built-in third space. The separate studio can be used as a dedicated home office, creative workspace, or potentially opened up to the first-floor unit for additional living area, while the fenced yard access and in-unit laundry serve both residents in daily routines.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.20119
- Latitude
- 39.964
