This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/33
$349,900
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/33
Property 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.
Full Property Details
Full Property Details for 3942 Wallace St
General
- Price: $349,900
- Taxes: $1,412 (2026)
- Status: Active
- Type: Duplex
- Source: BrightMLSPhilly
- MLS ID: PAPH2578578
- Updated: 3/6/2026
- Added to Site: 66 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.: $183.48
- 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
Get Pre-Approved Today
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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3942 Wallace St
Date
Details
Price
Change
Source
3/06/2026
Price Reduced
$349,900
-5.43%
MLS
1/27/2026
Listed
$370,000
91.71%
MLS
10/16/2019
Sold
$193,000
—
Public Record
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
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 $349,900 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 Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

