Philadelphia, PA 19123 1230 Wallace Street

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Presented By: HomeZu by Simple Choice
  • MLS# PAPH2493172
  • 06/11/2025
  • Request Tour
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  • Beds • 5
  • Baths • 3
  • SQFT • 2,160

Home Details

HIGH YIELD DEVELOPMENT SITE IN WEST POPLAR INCOME-PRODUCING ASSET + TWO BUILDABLE LOTS Strategically located in one of Philadelphias 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!
Presented By: HomeZu by Simple Choice

Interior Features for 1230 Wallace Street

Bedrooms

Bedrooms Count All Upper Levels5
Bedrooms Count Upper Level 15
Total Bedrooms5

Bathrooms

Bathrooms Full Upper Level 12
Bathrooms Full All Upper Levels2
Bathrooms Count Upper Level 12.00
Bathrooms Count All Upper Levels2
Total Baths3

Other Interior Features

LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area2160
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
BasementFull
Basement (Y/N)Yes
Below Grade Finished Area
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric

General for 1230 Wallace Street

Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleStraight Thru
Bathrooms Count Main Level1.00
Bathrooms Full Main Level1
CityPHILADELPHIA
Condo/Coop Association Y/NNo
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsCallowhill Street West->Right on Ridge Street->Right on N 13th Street->Right on Wallace Street
Electric200+ Amp Service
Full Baths3
Garage Y/NNo
HOANo
HeatingHeat Pump - Gas BackUp
Historic Y/NNo
Home Warranty Y/NNo
Lease Considered Y/NNo
Levels2
Lot Size Square Feet1995.00
Lot Size UnitsSquare Feet
MLS Area19123 (19123)
ModificationTimestamp2025-06-11T10:19:28
MunicipalityPHILADELPHIA
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG356.44
Property TypeResidential
RoofFlat
School DistrictPHILADELPHIA CITY
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Subdivision NameWEST POPLAR
Tax Annual Amount6005.0
Tax Assessed Value429000.0
Tax Lot125
Tax Year2024
Total SQFT2160
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningRSA5

Exterior for 1230 Wallace Street

Foundation DetailsConcrete Perimeter
Land Assessed Value85800.00
Land Use CodeO50
Lot Dimensions60.00 x 33.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $769,900
MLS#PAPH2493172
List Date 06/11/2025
Property Type Townhouse
Phone 703.929.4729
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