2940 Devereaux Ave Philadelphia, PA 19149
Mayfair NeighborhoodEstimated payment $3,366/month
Highlights
- 0.14 Acre Lot
- Programmable Thermostat
- Heating Available
- Traditional Architecture
- Central Air
About This Home
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.
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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.
Listing Agent
(215) 880-2225 leighanne1@comcast.net United Real Estate License #RS328923 Listed on: 10/31/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,838
Year Built
- Built in 1970
Lot Details
- 6,098 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,800 Sq Ft Home
- Quadruplex
- Traditional Architecture
- Concrete Perimeter Foundation
- Masonry
Utilities
- Central Air
- Heating Available
- Programmable Thermostat
Additional Features
- Basement
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 410
- Assessor Parcel Number 621229610
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,072 | $417,100 | $83,420 | $333,680 |
| 2024 | $7,072 | $417,100 | $83,420 | $333,680 |
| 2023 | $7,072 | $505,200 | $101,040 | $404,160 |
| 2022 | $4,250 | $505,200 | $101,040 | $404,160 |
| 2021 | $4,250 | $0 | $0 | $0 |
| 2020 | $4,250 | $0 | $0 | $0 |
| 2019 | $4,078 | $0 | $0 | $0 |
| 2018 | $3,144 | $0 | $0 | $0 |
| 2017 | $3,144 | $0 | $0 | $0 |
| 2016 | $3,144 | $0 | $0 | $0 |
| 2015 | $3,010 | $0 | $0 | $0 |
| 2014 | -- | $224,600 | $85,897 | $138,703 |
| 2012 | -- | $64,000 | $19,200 | $44,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | For Sale | $550,000 | -- | $196 / Sq Ft |
Source: Bright MLS
MLS Number: PAPH2553998
APN: 621229610
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