30-unit residential new construction, zoned RSA5.
A 30-unit residential building is set to rise at 505 N 41st St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 10, 2019.
The 1,069 sq ft site is zoned RSA5, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2026 for $515K. The plans call for for the erection of an attached structure with a roof deck accessed by pilot houses with a green roof (must cover 60% of the roof) for a multi-family household living(30 dwelling units). building to be fully sprinklered. separate permits required for m.e.p.s work. separate approval required from pa labor and industry for elevator installation.*ibc2009*.
The owner of record is Munroe Robert.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 354 units of new supply — including the 9-unit project at 675 N 41st St, the 8-unit project at 657 N Preston St, the 10-unit project at 644-46 N 40th St. That kind of concentration is exactly what pulls land values, and buyer attention, toward a block.
We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?
As this density arrives, InvestPHL is tracking 117 under-built parcels within a half-mile that a developer could still acquire and build — each carrying a builder's max bid. Addresses and figures are members-only.
Unlock the 117 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.