2206 Wallace Street
Philadelphia, PA 19130
- – beds
- – baths
- 2,286 sqft
- 1,235 sqft lot
- $343 per sqft
- 1920 build
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 façade, 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.
Listing courtesy of BRIGHT / BHHS Fox & Roach The Harper at Rittenhouse Square
Last checked:
Checking…
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Last updated Dec 19, 2024
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MLS# PAPH2421976 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1920
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Year Built Source:Assessor
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Roof:Flat
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:2
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Structure Type:Interior Row/Townhouse
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Other
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2286
Interior
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Flooring Type:Wood, Fully Carpeted, Vinyl
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2286
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Living Area SqFt:2,286 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional
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Possession:0-30 Days CD, Negotiable
Location
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Directions:On Wallace between 22nd and 23rd
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Cross Street:22ND
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Latitude:39.96661758
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Longitude:-75.17467499
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Assessor
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Lot Size Dimensions:19.00 x 65.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,235 Sqft
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Zoning:RSA5
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:N50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 790-5501
- Office phone:
- (215) 546-0550
Taxes
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Tax ID Number:152081300
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Tax Year:2024
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Tax Lot:173
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Tax Annual Amount:$8,589
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Tax Assessed Value:$613,600
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Year Assessed:2024
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School Tax:4810.0
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City/Town Tax:3779.00
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Total Taxes Payment Frequency:Annually
The Listing
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:100 Amp Service
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Exterior Features:Sidewalks, Street Lights
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
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One Bedroom Units:1
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/12/24
Dec 12, 2024
|
Listed / Active | BRIGHT | $785,000 |