Move-In Ready 2+2
7209 DEVON Street Philadelphia, PA 19119
New
7209 DEVON Street, Philadelphia, PA, 19119
$349,000
For Sale
$349,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,838 SF
Lot Size0.04 Acres
Price / SF$189.88
Days on Market3
Property Features for 7209 DEVON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Offsite, Garage - Attached, Driveway
- Standard status
- Active
- Size
- 1,838 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4521
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1955
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
Keller Williams Main Line
(610) 520-0100
6 Coulter Avenue unit: 2, Ardmore, PA
Listed by
Darryl K Miller · License #AB044338A
(215) 432-0001
Added: Jul 15 Checked: Jul 17 at 7:06 pm
MLS# PAPH2648336
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 7209 Devon Street in Philadelphia, this move-in ready duplex offers a 2+2 configuration and each unit is described as well-maintained. The property includes separate gas, electric, and water utilities, which can support more independent unit management. The home has recent upgrades to support immediate occupancy with minimal capital improvements, and the seller will remove personal property and other items currently located in the basement and garage prior to settlement.
The duplex also features a rare two-car detached garage, providing off-street parking and additional storage, with the space noted as potentially usable for added income opportunities.
All listed information points to a straightforward, turnkey purchase for an owner-occupant or an investor, with the property’s current condition and utility separation designed to streamline day-to-day ownership. The address is described as minutes from SEPTA Regional Rail, with access to Center City’s major transit hubs including 30th Street Station, Suburban Station, and Jefferson Station.
The duplex also features a rare two-car detached garage, providing off-street parking and additional storage, with the space noted as potentially usable for added income opportunities.
All listed information points to a straightforward, turnkey purchase for an owner-occupant or an investor, with the property’s current condition and utility separation designed to streamline day-to-day ownership. The address is described as minutes from SEPTA Regional Rail, with access to Center City’s major transit hubs including 30th Street Station, Suburban Station, and Jefferson Station.
Key Highlights
- 2+2 duplex at 7209 Devon Street in Philadelphia’s East Mt. Airy area (Year built: 1955)
- Masonry construction with basement included
- Wall unit cooling and other heating type
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.8k | $24.38 |
| − OpEx | −$13.4k | −$7.31 |
| NOI | $31.4k | $17.06 |
1,838 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,365 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$413.0K
$361.4K – $481.9K
NOI $28,911 @ 7.0% cap · market cap 8.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A move-in ready 2+2 duplex with separate utilities and a two-car detached garage for off-street parking.
Where is this duplex located?
The property is located at 7209 DEVON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2+2 duplex at 7209 Devon Street in Philadelphia’s East Mt. Airy area (Year built: 1955); Masonry construction with basement included; Wall unit cooling and other heating type
