4-unit residential new construction, zoned RSA5.
A 4-unit residential building is set to rise at 4122 Pennsgrove St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 21, 2024.
The 1,515 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 2022 for $275K. The plans call for for the erection of an attached structure four (4) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13. separate permits required for mep & fp work. aemndemnt#1 to change the special inspection agency. amendment#2 for changes to the interior layout and addition of windows to front and rear facade. .
The owner of record is 4122-24 Pennsgrove LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 160 units of new supply — including the 10-unit project at 4129 Ogden St, the 9-unit project at 871 N Preston St, the 9-unit project at 871 N Preston 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 110 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 110 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.