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.
Listed by Leighanne Tancredi
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License #RS328923
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United Real Estate
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2158802225
Last updated November 04, 2025
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Source: BrightMLS #PAPH2553998
Listing Facts
TypeMulti-family
NeighborhoodMayfair
Days on Prevu19
Taxes$5,838/year
Size2,800 sqft
Price per sqft$196
Location
Mortgage Calculator
Listing History
10/31/2025
Listed by United Real Estate
$550,000
Property Details for 2940 Devereaux Avenue
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Year Built: 1970
Architectural Style: Traditional
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Size Acres: 0.14
Lot Size Source: Estimated
Lot Size Square Feet: 6,098
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $5,838.00
Tax Year: 2025
Interior
Measurements
Living Area: 2,800
Living Area Source: Assessor
Rooms
Basement: Other
Has Basement: Yes
Other
General
Exclusions: Tenant belongings
Location
Tax Lot: 410
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Programmable Thermostat
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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