3942 Wallace Street, Philadelphia, PA 19104 - Photo 1

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$370,000

For Sale
Active
Duplex
1,907 Sq. Ft.
Updated 9 days ago

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Property Description

The possibilities are wide open in this corner-unit duplex with a separate office/studio space and its own entrance, located in a booming West Philadelphia neighborhood near Drexel University and the University of Pennsylvania. The first-floor unit is accessed through a side entrance and features a fully updated kitchen with granite countertops and newer appliances, flowing seamlessly into a spacious living area with wood floors. This level also includes a full updated bath, a stackable washer and dryer, and a hallway leading to a large, fenced rear yard-ideal for outdoor enjoyment or future expansion. The second-floor unit, also accessed from the side, offers a thoughtfully designed layout with a central living and kitchen area, in-unit laundry, and two bedrooms with two full baths, positioned to maximize privacy. This unit features separate utilities and central air, enhancing comfort and efficiency. Adding to the property's flexibility is a separate storefront-style space with a large display window, its own entrance, and a roll-up security gate. Currently unused, this space can be opened to the first-floor unit to create additional living or work space, or maintained as a distinct office or studio. The unfinished basement is accessed via a street-level Bilco door and provides ample storage or future potential. Surrounded by new construction and ongoing development, this property offers significant upside-perfect for investors, owner-occupants, or live-in/rent-out buyers seeking versatility and long-term value.

Full Property Details

Full Property Details for 3942 Wallace St

General

Price: $370,000
Taxes: $1,412 (2026)
Status: Active
Type: Duplex
Source: BrightMLSPhilly
MLS ID: PAPH2578578
Updated: 1/27/2026
Added to Site: 10 day(s) ago

Interior

Number of Rooms: 8
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
Flooring: Hardwood

Additional Information

Security/Safety: Security Gate

Parking

Parking Type: None

Location

Area: 19104 (19104)
Municipality: PHILADELPHIA
County: PHILADELPHIA
Driving Directions: Use GPS
Location Details: Urban

School Information

School District: The School District Of Philadelphia

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Other
Structure Type: Over Storefront
Construction: Masonry
Basement: Yes
Basement Entrance: Yes
Basement Desc.: Outside Entrance, Unfinished
Foundation: Stone
Roof: Flat
Walls/Ceilings: Dry Wall
Square Feet: 1,907
Sq. Ft. Source: Estimated
Living Area: 1,907 Sq. Ft.
Finished Above Grnd: 1,907 Sq. Ft.
Year Built: 1950
Year Built Source: Estimated
Property Condition: Excellent

Lot Features

Lot Size (Acres): 0.03
Lot Size (Sq. Ft.): 1,176
Lot Size Source: Estimated
Zoning: RSA5
Lot Description: Rear Yard

Financial Considerations

Price Per Sq. Ft.: $194.02
Assessment Year: 2026
School Tax: $775
City/TownTax: $637
City/TownTax Freq: Annually
Tax w/Assessment: $100,900
Tax Amount: $1,412
Tax Year: 2026

Disclosures and Reports

Ownership: Fee Simple
Inclusions: All appliances
Lot Number: 42

Listed by RE/MAX Access, Melissa Purnell

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Listing agent

— 3942 Wallace St —

Melissa Purnell

RE/MAX Access

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Schools

Schools serving 3942 Wallace St

School District:Philadelphia City School District

Name	Grades	Distance
West Philadelphia High School 4901 Chestnut Street, Philadelphia, PA 19139	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3942 Wallace St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/27/2026

Listed

$370,000

91.71%

MLS

10/16/2019

Sold

$193,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 3942 Wallace St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,412

—

$100,900

—

2024

$1,412

—

$100,900

100%

2021

$1,412

—

-100%

2023

$1,412

—

$100,900

—

2020

$1,412

—

$100,900

—

2019

$1,412

11%

$100,900

7%

2015

$1,269

—

$94,700

—

2014

$1,269

—

$94,700

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 3942 Wallace St

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3942 Wallace Street, Philadelphia, PA 19104 (MLS# PAPH2578578) is a Duplex property with 0 bedrooms and 0 full bathrooms. 3942 Wallace Street is currently listed for $370,000 and was received on January 27, 2026. Want to learn more about 3942 Wallace Street? Do you have questions about finding other Duplex real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

3942 Wallace St Philadelphia, PA 19104