$10,000 Closing Credit¹
#PAPH2479786, Andy Oei, Listing office: BHHS Fox & Roach The Harper at Rittenhouse Square
$1,150,000 List price
1720 Wallace St Philadelphia, PA 19130
$10,000
Closing credit¹
2,397 sqft
0.04 acres
$480 / sqft
House
Property details
About 1720 Wallace St
Exceptional 4-Unit Income Property in the Heart of the Art Museum Area! Incredible opportunity to own a rent-ready, cash-flowing multi-family building in one of Philadelphia’s most desirable neighborhoods—Fairmount/Spring Garden. This well-maintained 4-unit property features three spacious 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit. Ideal for investors or owner-occupants seeking immediate income and long-term value. Three units are tenant-occupied, generating $56,760 in gross rent in 2024, with strong rental upside—rents have not been raised in 3 years. The owner-occupied 2-bedroom/2-bath unit has rental potential of $2,200–$2,400/month. Market Rent Value Potential APT 101- 1350 APT 102 - 2150 (currently on the market) APT 201 - 2400 APT 202 - 2100 renewed till 7/2026 TOTAL - 8,100/month = 97,100/year in gross income. At asking price the cap rate is 7%. based on net rental income at $80,000 (after ins, taxes, and maintenance) Property Highlights: Turnkey condition—fully rent-ready and move-in ready Three new A/C units installed in the last 3 years Two units with private roof decks offering skyline views One unit with private backyard patio Every unit has washer/dryer, dishwasher, fireplace Immediate cash flow with future growth potential Perfect blend of income-producing and lifestyle location Located in the vibrant Art Museum area with easy access to Kelly Drive, I-76, Center City, and public transit. A rare find in a high-demand rental market—whether you're building your portfolio or looking to live in one unit while renting the others, this is a must-see.
Highlights
Home typeOther
HeatingHeat Pump
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size2,397 sqft
Lot size0.04 Acres
Year built1920
ParkingOn Street
MLS #PAPH2476616
Summary
- Flooring Type: Hardwood, Carpet
- Parking: On Street
- Exterior: Exterior Lighting, Roof Deck
- Architectural Style: Converted Dwelling
- Heating: Heat Pump
- Cooling: Central Air
- List Price: $1,150,000
- Price/SqFt: $479
- Annual Tax Amount: $10,247
- Tax Year: 2023
- Directions: Spring Garden Exit of I-76
- Year Built: 1920
- Living Area: 2,397 SqFt
- Municipality: Philadelphia
- Lot Size: 0.04 Acres
- MLS Number: PAPH2476616
- MLS Name: BRIGHT
- Office Name: Keller Williams Real Estate -Exton
- Office Phone: (610) 363-4300
- Office Email: klrw331@kw.com
- Listing Agent: Michael Suh
- Agent Phone: (215) 872-6175
- Agent Email: michaelsuh@kw.com
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. ©2025 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: 6/4/2025, 3:46:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,150,000
1720 Wallace St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $732,100 | $10,247 |
| 2022 | $732,100 | $5,830 |
| 2021 | $- | $5,830 |
| 2020 | $416,500 | $5,830 |
History based on county public records data.
Nearby schools
5
Samuel Powel Elementary School
Public District KG-4
1.5 mi
•301 N 36th St
6
John Moffet Elementary School
Public District KG-5
1.7 mi
•127 W Oxford St
1
Richard R. Wright Elementary School
Public District KG-5
1.8 mi
•2700 W Dauphin St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,250. Most Philadelphia, PA residents have annual incomes less than $<35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
31%
<35k
28%
35k-100k
30%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
78%
Single, No Kids
7%
Single, with Kids
10%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
4%
12-17 yrs old
60%
18-34 yrs old
25%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Tennis
Hiking/backpacking
Where do the neighbors shop?
H&M
Crate & Barrel
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
BMW
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1720 Wallace St
The listing price of 1720 Wallace St property is $1,150,000.
The property 1720 Wallace St is a house located in Philadelphia, Pennsylvania, 19130.
Active Listing: 1720 Wallace St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1720 Wallace St are: Samuel Powel Elementary School (GreatSchools Rating 5/10), John Moffet Elementary School (GreatSchools Rating 6/10), Richard R. Wright Elementary School (GreatSchools Rating 1/10), Laura W. Waring School (GreatSchools Rating 3/10), Bache-Martin Elementary School (GreatSchools Rating 3/10), Spring Garden School (GreatSchools Rating 3/10), Masterman Julia R Secondary School (GreatSchools Rating 9/10), Franklin Lc (GreatSchools Rating 5/10), Science Leadership Academy (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $10,247 (source: MLS/based on county public records data).
The property at 1720 Wallace St has 0 bathroom.
The property 1720 Wallace St is 2,397 SqFt (source: MLS/tax record).
The year of construction for 1720 Wallace St is 1920.
This home is located at 1720 Wallace St in Philadelphia, PA and zip code 19130 in the Spring Garden neighborhood. This 2,397 square foot home, which was built in 1920, sits on a 0.04 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $1,150,000.
The number of homes for sale in Philadelphia, PA increased by 40.9% between April and May 2025. Listings spent 89 days on the market in May 2025, and had a median list price of $298,569 during the same period.
From Rocket Homes Real Estate and based on county public records data.