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3942 Wallace StreetPhiladelphia, PA 19104

For Sale

$324,999

Smart Buyer Rebate $3,125

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.

Listed by Melissa Purnell

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RE/MAX Access

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2672733440

Last updated April 08, 2026

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Source: BrightMLS #PAPH2578578

Listing Facts

  • TypeMulti-family
  • NeighborhoodMantua
  • Days on Prevu95
  • Taxes$1,412/year
  • Size1,907 sqft
  • Price per sqft$170

Location

Mortgage Calculator

Listing History

04/07/2026
Price Decreased
$324,999
03/06/2026
Price Decreased
$349,900
01/27/2026
Listed by RE/MAX Access
$370,000

Property Details for 3942 Wallace Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 2
  • Property Condition: Excellent
  • Roof: Flat
  • Year Built: 1950
  • Architectural Style: Other
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Features: Rear Yard
  • Lot Size Acres: 0.03
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 1,176
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 8.2

Taxes

  • Tax Annual Amount: $1,412.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Built-In Microwave, Refrigerator, Stove
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Features: 2nd Kitchen, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Combination Dining/Living, Combination Kitchen/Dining, Recessed Lighting, Studio
  • Spa: No

Measurements

  • Living Area: 1,907
  • Living Area Source: Estimated

Rooms

  • Basement: Outside Entrance, Unfinished
  • Has Basement: Yes
  • Rooms Total: 8

Other

Location

  • Tax Lot: 42

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Forced Air
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 3942 Wallace Street.

What are the annual taxes for 3942 Wallace Street?

Annual taxes for this multi-family home are estimated at $1,412.

How does 3942 Wallace Street compare to other multi-family homes in Mantua?

This multi-family home is listed 74% below the average price for multi-family homes in Mantua and has been on the market for 40 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 1,907 sqft.

3942 Wallace Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19104. Listed on Prevu for 95 days at $324,999. This includes a recent price decrease of $24,901. This home features 1,907 square feet of living space, located in Mantua. The median listing price for multi-family homes in this area is $339,500. Explore more multi-family home listings in Philadelphia.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.