Sold

CLOSED

2206 Wallace St

Philadelphia PA, 19130

$768,000


$335.96 per sqft

Sold

CLOSED

3 Beds

2,286 sqft

Multi-family

Built in 1920

Located on a picturesque tree-lined block in the heart of Spring Garden, this classic Victorian twin offers an incredible investment opportunity in one of Philadelphia's most desirable neighborhoods. Currently configured as a duplex, the property features two fully functional apartments: an ideal setup for generating steady rental income, with the option to live in one unit while renting the other or converting the building back into a 4-bedroom, 3-bath single-family home. The home's historic charm is evident in its Georgian Revival brick facade, marble steps, and original cornice. The first-floor unit boasts an open layout with crown molding, original wood floors, a decorative marble mantle, and large windows that invite soft, natural light. It includes a modern kitchen with butcher block countertops, stainless steel appliances, and custom built-ins, as well as a dining room with floor-to-ceiling windows opening onto a private bricked patio--perfect for outdoor entertaining. The spiral staircase leads to a loft-style primary bedroom with an en suite bath, while the finished lower level offers a full bath, laundry, and flexible bonus space. The upper bi-level unit features a bright living and dining area, a well-appointed kitchen, two generously sized bedrooms, a full bath, and exclusive access to a custom-designed roof deck nestled among mature trees. Shared hall laundry and a well-maintained basement with mechanical systems add convenience. Steps from Fairmount Avenue's vibrant commercial corridor, with easy access to Center City, University City, and cultural landmarks like the Art Museum and upcoming Calder Museum, this property combines prime location, versatile use, and strong income potential--a must-see for savvy investors.

PAPH2421976

MLS ID

December 13, 2024

Listed

January 31, 2025

Updated

Map

2206 Wallace St
Philadelphia PA, 19130

Interior Features

Bedrooms

3


Floor Description

Carpet, Vinyl, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.03 Acres


Architectual Style

Other


Sewer

Public Sewer

School Information

School District

THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name

PHILADELPHIA


Taxes

$8,589


Tax Frequency

Annually


Days on Market

21


Garage

No


View

No


County

PHILADELPHIA


Water Source

Public


Pool

No

Listing History

Date

Event

Price

1/30/2025

Sold

$768,000

1/14/2025

Pending

1/2/2025

Under contract

12/13/2024

Active

Listed by BHHS Fox & Roach The Harper at Rittenhouse Square
Listing Contact: 2157905501 

The IDX display contains information sourced from the Bright MLS, Inc. as of 1/31/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 1/31/2025 at 2:17 AM UTC

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