new - 1 day on rocket

3407 Wallace St, Philadelphia, PA, 19104

$1,185,000

Home List Price

$10,000*

Closing Credit

0 Baths
5,082 SqFt
$233/SqFt
House

Location

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3407 Wallace St, Philadelphia$1,185,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built2013
HeatingHeat Pump
CoolingCentral Air
MLS #PAPH2430570
Lot Size0.06 Acres
StatusActive
(ACTIVE)

About 3407 Wallace St

Amazing investment opportunity. This modern, fully occupied 5-unit 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 2013
  • Living Area: 5,082 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Steven Onesti

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Market Street right on North 33rd Street, Left on Haverford Avenue, Right on North 35th Street, Right on Wallace Street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,185,000
  • Price Per SqFt: $233/SqFt

Tax Information:

  • Annual Amount: $1,427
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$265.3K

Med. Price/SqFt

$200

Avg. Days On Market

45

# of Sold Homes

946

3407 Wallace St vs Philadelphia

1 DAY ON ROCKET

-44 Days

$1,185,000

+$919.6K More

$233/SqFt

+$32 More

KEY TAKEAWAY

This property is $919.6K more than the Median Sold Price and $32/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2430570

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Steven Onesti

IDX Information Deemed Reliable But Not Guaranteed. 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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/28/2024, 4:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,427 -
2019$1,423$339,000
2018$1,382$329,200
2017$379$525,000

History based on county public records data.

Payment Calculator

$5,982

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,619

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1938885
5
/10

  • Samuel Powel Elementary School

  • 301 N 36th St

  • 0.36 miles

  • Public District Grades KG-4

school-card-donut-1938886
3
/10

  • Inquiry Charter School

  • 1301 Belmont Ave

  • 1.24 miles

  • Public Charter Grades PK-5

school-card-donut-1938887
1
/10

  • Richard R. Wright Elementary School

  • 2700 W Dauphin St

  • 1.89 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,466. The most common annual income of people living in Philadelphia, PA is less than $35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3407 Wallace St

What is the listing price of this property?

The listing price of 3407 Wallace St property is $1,185,000.

What type of property is this?

The property 3407 Wallace St is a house located in Philadelphia, Pennsylvania, 19104.

Is this property for sale now?

Active Listing: 3407 Wallace St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,427 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 3407 Wallace St is 5,082 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3407 Wallace St is 2013.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›3407 Wallace St

This home is located at 3407 Wallace St in Philadelphia, PA and zip code 19104 in the Mantua neighborhood. This 5,082 square foot home, which was built in 2013, sits on a 0.06 acre lot. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $1,185,000.

In November 2024 more than 219 listings in Philadelphia, PA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 523 were sold below. Between October 2024 and November 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 1.8%. While the average time on the market in November 2024 was 45 days, the median list price was $265,372.

From Rocket Homes Real Estate and based on county public records data.

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