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Listed by Damon Michels • KW Main Line - Narberth

$500,000

Est. payment - /mo

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2,800 SqFt

Active

2940 DEVEREAUX AVE Philadelphia, PA 19149

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Franco Grisafi

francogrisafi@epique.me +1(610) 487-4007

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $178

MLS Listing ID PAPH2602870

Style Traditional

Abv Grd Liv Area 2,800

Year Built 1970

Annual Tax Amount $5,838

Tax Year 2025

Lot Size 6,146 Sqft

Acres 0.14

Lot Dimensions 56.00 x 110.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Great opportunity to add a strong, income-producing asset to your portfolio at 2940 Devereux Avenue in the heart of Philadelphia's 19149 zip code. This fully rented quadruplex is an ideal fit for investors, including those seeking a 1031 exchange, offering immediate cash flow and long-term upside. The property features four well-laid-out units, including two 1-bedroom, 1-bath apartments and two 2-bedroom, 1-bath apartments, providing a desirable unit mix for a broad tenant base. Three of the four units have been thoughtfully updated, enhancing both rental appeal and overall value, while the remaining unit offers potential for future improvement and increased returns. Conveniently located near Wissinoming Park, the property is surrounded by neighborhood amenities, including shopping, dining, and easy access to public transportation, making it highly attractive to tenants. Whether you are expanding your portfolio or completing a 1031 exchange, this turnkey multi-family property delivers steady income, strong rental demand, and a prime Northeast Philadelphia location.

Location

State PA

County Philadelphia

Area 19149 (19149)

Zoning RSA5

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Above Ground Finished SqFt 2800

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 621229610

Ownership Fee Simple

SqFt Source 2800

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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Phone

+1(610) 487-4007

francogrisafi@epique.me

Address

123 Main St, Allentown, PA, 18102