4-unit residential new construction, zoned RSA5.
A 4-unit residential building is set to rise at 4124 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 1,520 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 a three (3) story attached structure of type v-b construction for use as four (4) dwelling units including one type b unit. building to be fully sprinklered per nfpa 13r. all work to be done per approved plans and in accordance with 2018 ibc. separate permits required for mechanical, electrical, plumbing, and fire suppression work. if site conditions vary, contact design professional prior to start of work. *9-16-2024 amendment for changes in special inspcetions, special inspection agency, and dprc-si* *11-07-2025 amendment for changes to interior layout and addition of windows*.
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.