PA > Philadelphia > West Poplar
Philadelphia, PA 19123,1230-36 WALLACE ST
Philadelphia, PA 19123,1230-36 WALLACE ST
Philadelphia, PA 19123,1230-36 WALLACE ST
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Listed by Christopher J Carr • HomeZu by Simple Choice
$769,900
Est. payment /mo
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5 Beds
3 Baths
2,160 SqFt
New

1230-36 WALLACE ST Philadelphia, PA 19123

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Michelle McMaster

Michelle McMaster

+1(856) 335-5586

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Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $356

Subdivision West Poplar

MLS Listing ID PAPH2493172

Style Straight Thru

Bedrooms 5

Full Baths 3

HOA Y/N N

Abv Grd Liv Area 2,160

Year Built 1920

Annual Tax Amount $6,005

Tax Year 2024

Lot Size 1,995 Sqft

Acres 0.05

Lot Dimensions 60.00 x 33.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

HIGH YIELD DEVELOPMENT SITE IN WEST POPLAR – INCOME-PRODUCING ASSET + TWO BUILDABLE LOTS Strategically located in one of Philadelphia's fastest-transforming neighborhoods, this rare assemblage of 4 lots includes a fully renovated 5BR / 3BA income-producing asset plus two adjacent buildable lots with subdivision potential. The newly refreshed legacy home (2 lots) is 100% tenant-ready and positioned for immediate cash flow, while the flanking 2 parcels open the door for ground-up development, luxury townhomes, or multi-family construction. (Note: Sub-division and rendering efforts have already been initiated). Direct access to an open Land Bank parcel spanning the full length of the property provides even greater potential for long-term value ... especially given recently announced City housing incentives, grants, and more streamlined zoning determinations. Whether you're looking to develop or stabilize & hold, this property checks all the boxes for appreciation and significant ROI. Opportunities with this kind of flexibility and scale in West Poplar are disappearing fast. Serious investors ... this one pencils out, so run your pro forma and move quickly, as this truly unique parcel won't last long!

Location

State PA

County Philadelphia

Area 19123 (19123)

Zoning RSA5

Rooms

Basement Full

Interior

Hot Water Electric

Heating Heat Pump - Gas BackUp

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Senior Community No

Tax ID 141288410

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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1230-36 WALLACE ST

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