1230 Wallace Street 36 Philadelphia, PA 19123
Listing Courtesy of: BRIGHT IDX / Homezu By Simple Choice

  1230 Wallace Street 36 Philadelphia, PA 19123

Active (3 Days)
$769,900
5
BED
3
BATH
2,160
SQFT

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!

MLS #:
PAPH2493172
Taxes
$6,005(2024)
Lot Size
1,995 SQFT
Type
Townhouse
Year Built
1920
Style
Straight Thru
School District
Philadelphia City
County
Philadelphia County

Listed By

Christopher J Carr, Homezu By Simple Choice
Source
BRIGHT IDX
Last checked Jun 13 2025 at 8:08 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Subdivision
  • West Poplar
Property Features
  • Above Grade
  • Below Grade
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Heat Pump - Gas Backup
  • Central A/C
Basement Information
  • Full
Exterior Features
  • Masonry
  • Roof: Flat
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Stories
  • 2
Living Area
  • 2,160 sqft
Location
   
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Disclaimer: Copyright 2025 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 6/13/25 01:08