2940 Devereaux Ave
Description
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Investment Highlights
• Three units have...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.
Property Details for 2940 Devereaux Avenue
Property Details for 2940 Devereaux Avenue
| Status | Active |
|---|---|
| MLS # | PAPH2553998 |
| Days on Market | 35 |
| Taxes | $5,838 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1970 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Philadelphia County |
Location
Building Information for 2940 Devereaux Avenue
Payment Calculator
$3,204 per month
30 year fixed, 6.28% Interest
$2,718
$487
$0
Property Information for 2940 Devereaux Avenue
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- County: PHILADELPHIA
- MLS Area: 19149 (19149)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $417,100
- County Tax: $0
- Improvement Assessed Value: $333,680
- Land Assessed Value: $83,420
- Zoning: RSA5
- Tax Lot: 410
- School Tax: $3,269
- Automatically Update Tax Values Y/N: Yes
- Rent Control: No
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 3
- Units Furnished: None
- Units Leased Count: 4
- Number Of Units Vacant: 0
- Number Of Units Month To Month: 1
- Rent Control: No
- Type: Unit 1
- Beds Total: 1
- Full Baths Count: 1
- Type: Unit 2
- Beds Total: 1
- Full Baths Count: 1
- Type: Unit 3
- Beds Total: 2
- Full Baths Count: 1
- Type: Unit 4
- Beds Total: 2
- Full Baths Count: 1
- Annual Rental Income: $42,180
- Building Units Total: 4
- Total Finished SQFT: 2,800.00
- Total Finished SQFT Source: Assessor
- Total SQFT: 2,800.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Basement Type: Other
- Foundation Details: Concrete Perimeter
- Lot Size Source: Estimated
- Parcel ID: 1340470
- Type Of Parking: On Street
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Programmable Thermostat
- Heating Fuel: Natural Gas
- Hot Water: Other
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
Property History for 2940 Devereaux Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 31, 2025 | Listed (Active) BRIGHT #PAPH2553998 | $550,000 | — |
| Dec 29, 2006 | Closed (Public Record) Public Record #240369452 | $285,000 | -8.7% / yr |
| Dec 29, 2006 | Closed BRIGHT #PAPH164100 | $285,000 | — |
| Nov 20, 2006 | Pending BRIGHT #PAPH164100 | — | |
| May 3, 2006 | Withdrawn BRIGHT #1000710265 | $395,900 | — |
| Mar 3, 2006 | Listed (Active) BRIGHT #PAPH164100 | $379,900 | — |
| Dec 19, 2005 | Listed (Active) BRIGHT #1000710265 | $410,000 | — |
| Sep 21, 2005 | Closed (Public Record) Public Record #240227322 | $320,000 | +40.0% / yr |
| Sep 21, 2005 | Closed BRIGHT #PAPH253248 | $320,000 | — |
| Aug 2, 2005 | Pending BRIGHT #PAPH253248 | — | |
| Jun 4, 2005 | Listed (Active) BRIGHT #PAPH253248 | $399,900 | — |
| Dec 27, 2004 | Closed (Public Record) Public Record #239823340 | $250,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/31/2025 | Listed (Active) BRIGHT #PAPH2553998 | $550,000 |
| 12/29/2006 | Closed (Public Record) Public Record #240369452 | $285,000 -8.7% / yr |
| 12/29/2006 | Closed BRIGHT #PAPH164100 | $285,000 |
| 11/20/2006 | Pending BRIGHT #PAPH164100 | — |
| 05/03/2006 | Withdrawn BRIGHT #1000710265 | $395,900 |
| 03/03/2006 | Listed (Active) BRIGHT #PAPH164100 | $379,900 |
| 12/19/2005 | Listed (Active) BRIGHT #1000710265 | $410,000 |
| 09/21/2005 | Closed (Public Record) Public Record #240227322 | $320,000 +40.0% / yr |
| 09/21/2005 | Closed BRIGHT #PAPH253248 | $320,000 |
| 08/02/2005 | Pending BRIGHT #PAPH253248 | — |
| 06/04/2005 | Listed (Active) BRIGHT #PAPH253248 | $399,900 |
| 12/27/2004 | Closed (Public Record) Public Record #239823340 | $250,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2940 Devereaux Avenue
Schools near 2940 Devereaux Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Allen Ethan School PublicK to 8 | ||
Lincoln High School Public9 to 12 | ||
Widener Memorial School PublicK to 12 | ||
Middle Years Alternative School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of United Real Estate
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.