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About This Home

This 0-bedroom, 0-bathroom residential multi family at 3942 WALLACE Street in PHILADELPHIA, PA is listed for $324,999 ($170 per sqft). Built in 1950, the home offers 1,907 sqft of living space on a 0.03 acres lot.

Agent Description

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.

Key Features

  • Built in 1950
  • 0.03 acre lot

Property Details

1950

Amenities

A/C

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

3942 WALLACE Street

PHILADELPHIA, PA 19104

Features & Amenities

Interior Features

2nd KitchenBathroom - Stall ShowerBathroom - Walk-In ShowerCombination Dining/LivingCombination Kitchen/DiningRecessed LightingStudio

Property Details

Construction

Masonry

Heating

Forced Air

Cooling

Central Air

Appliances

Built-In MicrowaveRefrigeratorStove

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 3942 WALLACE Street is listed at $324,999 ($170/sqft). The estimated monthly payment is $1,408 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 0.03 acre lot. Interior Features: 2nd Kitchen, Bathroom - Stall Shower, Bathroom - Walk-In Shower.

This property is listed by Melissa Purnell and can be reached at 2672733440 or mkpurnell@gmail.com.

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MP

Melissa Purnell

Agent at RE/MAX Access

(267) 273-3440

Listed by RE/MAX Access · View on Broker Site

MLS# PAPH2578578· Source: listhub· Updated 91 days ago

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.

3942 WALLACE Street, PHILADELPHIA, PA 19104

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