1. Pennsylvania
2. Philadelphia
3. 1230 WALLACE STREET

1230 WALLACE STREET, Philadelphia, PA 19123

• 5 beds |
• 3 baths |
• 2,160 sqft

Property Description

MOVE-IN READY HOME + DEVELOPMENT OPPORTUNITY IN RED-HOT WEST POPLAR Unlock the potential of this rare 4-lot assemblage in one of Philadelphia’s fastest-growing neighborhoods. This unique package includes a spacious, double-wide, and newly refreshed 5BR / 3BA townhome ... perfect for immediate occupancy or rental income ... plus two adjacent, buildable lots with active subdivision and variance efforts already underway (documents available upon request). Ideal for investors, developers, or entrepreneurial owner-occupants, this property offers multiple exit strategies: build new townhomes or multi-family units, live in the existing home while developing the lots, or hold and stabilize for long-term appreciation. The home is fully turn-key and ready to generate cash flow on day one. Moreover, the site sits alongside a full-length Land Bank parcel, adding value and flexibility, especially in light of new City housing incentives, grant opportunities, and expedited zoning processes. With its prime location, scale, and development potential, this is a rare opportunity in West Poplar that checks all the boxes for ROI and future growth. Savvy buyers: run the numbers, walk the site, and act fast ... as this opportunity won’t last long.

Listing Status:

Active

Listing Office:

HomeZu by Simple Choice : 8558854663

Listing Agent:

Christopher J Carr : 8558854663

MLS ID:

PAPH2493172

Interior

• Basement: Full
• A/C: Central A/C
• Heating: YHeat Pump - Gas BackUpNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Christopher J Carr, HomeZu by Simple Choice