Philadelphia, PA 19149 2940 Devereaux Avenue

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Presented By: United Real Estate
  • MLS# PAPH2553998
  • 10/31/2025
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  • Beds • 6

Home Details

This 4-unit multifamily property located at 2940 Devereaux Street in Philadelphia offers strong cash flow and value-add potential. Three of the four units have been rehabbed and modernized, while the fourth has a long-term tenant on a month-to-month lease, providing steady income and upside potential. The building features a stucco exterior and is well maintained, located near shopping, public transportation, and schools. ________________________________________ Investment Highlights Three units have been rehabbed and modernized, while the fourth has a long-term tenant on a month-to-month lease providing stable income and future upside potential. Seller will consider up to $200,000 of seller financing. Strong current cash flow with rent growth potential Stucco exterior and well-maintained structure Tenants contribute to water and utilities Located near shopping, public transportation, and schools Excellent long-term hold or 1031 exchange opportunity Inquire for the investor summary sheet.
Presented By: United Real Estate

Interior Features for 2940 Devereaux Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementOther
Basement (Y/N)Yes
Central Air Y/NYes
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterOther

General for 2940 Devereaux Avenue

Acceptable FinancingCash, Conventional, Seller Financing
AccessibilityNone
Architectural StyleTraditional
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsFrom Frankford Avenue turn right onto Devereaux Aven, turn left onto Battersby Street, then right to 2940 Devereaux Avenue.
ExclusionsTenant belongings
Garage Y/NNo
HeatingProgrammable Thermostat
Living Area2800
Lot Size Square Feet6098.00
Lot Size UnitsSquare Feet
MLS Area19149 (19149)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD
Price Per Sq Ft Total AG196.43
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount5838.0
Tax Assessed Value417100.0
Tax Lot410
Tax Year2025
Total Actual Rent42180.00
Total SQFT2800
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1970
Year Built SourceEstimated
ZoningRSA5

Exterior for 2940 Devereaux Avenue

Foundation DetailsConcrete Perimeter
Land Assessed Value83420.00
Lot Size Acres0.14
Lot Size SourceEstimated
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 $550,000
MLS#PAPH2553998
List Date 10/31/2025
Property Type Multi-Family
Phone 703.929.4729
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