1631 Wallace Street

Philadelphia, PA
$ 875,000 Beds 3 Baths 0
Monthly Estimate* How much can I afford?

Rare opportunity to own an income producing mixed-use building in the heart of the Spring Garden - Art Museum Area with 2-CAR PARKING and a private garden. Just two blocks south of bustling Fairmount Ave; the primary retail & restaurant corridor in the neighborhood. Located on the corner of 17th and Wallace Street. Three exposures and soaring 11 ft plus ceilings (original plaster moldings and tile) provide an abundance of natural light. This property consists of two residential apartments and one commercial space all with central A/C. The commercial and residential tenants each have their own entrance. All units are separately metered. Access to the 2-car parking and garden are through an exterior gated entrance on 17th Street or through the rear exit of the commercial unit. Spectacular first floor commercial space with half bath. Most recently occupied by a barbershop/salon and cafe prior to that. Exceptional potential to customize this space to your aesthetic or allow a new tenant to outfit for their needs. The commercial tenant has in-unit access to the unfinished basement providing an additional 1,200 sq ft of storage space. Residential tenants enter through a private entrance on 17th Street. Unit #2 (currently owner occupied) is a spacious 1 bedroom, 1 bath flat with in-unit washer/dryer and an amazing open living concept. An additional bedroom could be added to create a 2 bed, 1 bath apartment increasing the rent (projected rent as-is: $1,650/mo). Enter unit #3 on the second floor into a private foyer and up one flight of steps awaits another generously sized apartment. This 2 bed, 1 bath residence spans the entire third floor and overlooks the private garden from the living and dining area and has Center City skyline views from the larger southern facing bedroom. In-unit washer/dryer. Unit #3 is rented significantly under market value at $1,700/mo. Projected rent for this unit is $2,150/mo. Prime location. A short walk to restaurants, retail, cafes, and much more. 5 minute drive to Rittenhouse Square. Convenient transit options including the Broad Street Line.

Pending

  • Price
  • $ 875,000
  • Lot Size
  • 2,178 SqFt
  • Bedrooms
  • 3
  • Full Bathrooms
  • 0
  • Year Built
  • 1915
  • Half Bathrooms
  • 0
  • City, Zip
  • Philadelphia
  • Taxes
  • $ 10072
  • County
  • PHILADELPHIA
  • Style
  • Area
  • 19130
  • MLS#
  • PAPH1006570
  • Zip
  • 19130
Listing Provided by: Compass Pennsylvania, LLC
Data Source: Bright MLS

Features

General

Accessibility None
Appliances Built-In Range, Cooktop, Dryer - Electric, Refrigerator, Washer, Dryer
Architectural Style Other
Basement Full, Interior Access, Unfinished, Walkout Stairs
Construction Materials Brick
Cool Fuel Natural Gas
Cooling Central A/C, Zoned
County PHILADELPHIA
Days on Market 15
Garage Y/N No
Heating Forced Air, Central
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Interior Features Ceiling Fan(s), Crown Moldings, Flat, Floor Plan - Open, Kitchen - Galley, Kitchen - Island, Tub Shower
Location Type Other
MLS Area 19130 (19130)
Municipality PHILADELPHIA
New Construction No
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 3
Ownership Fee Simple
Parking Features Secure Parking
Patio/Porch Features Enclosed, Patio(s)
Possession Immediate, Negotiable
Price Per Sq Ft 239.07
Property SubType Triplex
Property Type Multi-Family
Roof Rubber, Shake
Sewer Public Sewer
Structure Type End of Row/Townhouse
Subdivision Name ART MUSEUM AREA
Tax Annual Amount 10072.0
Tax Lot 139
Tax Year 2021
Total Units 3
Two Bedroom 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Basement Y/N Yes
Central Air Y/N Yes
Fireplace Y/N No
Heating Fuel Electric, Natural Gas
Heating Y/N Yes
Hot Water Multi-tank
Living Area 3660

Exterior Features

Lot Dimensions 20.00 x 105.00
Lot Size Acres 0.05
Lot Size Source Assessor
Lot Size Square Feet 2100.00
Navigable Water Y/N No
Pool Y/N No Pool
Road Frontage Length 125
Total Parking Spaces 2
Type of Parking Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Bethesda, MD office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/21/2021 Listed $875,000

Property vs Zip Code Average in 19130

Price
AVG $340K
$880K
Taxes
AVG $4,340
$10,072
Visits
AVG 70
60
Year Built
AVG 1958
1915

Map

1631 Wallace Street Philadelphia, PA is a Single Family Home for sale at $875000 and a lot size of 2,178 SqFt Acre(s). 1631 Wallace Street Philadelphia has 3 bedrooms, 0 baths and was built in 1915. The property's zip code is 19130 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.