4-unit residential new construction, zoned RSA5.
A 4-unit residential building is set to rise at 4132 Pennsgrove St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Apr 12, 2022.
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 2021 for $70K. The plans call for for the erection of an attached, light-framed structure to include rated shaft enclosure assembly, rated floor/ceiling assemblies, rated exterior walls, egress window well, engineered wall bracing configuration, rated opening protectives, and insulation installation. (ibc 2018) **separate permits to be required for mechanical, electrical, plumbing and fire suppression system installations.**.
The owner of record is Parrish Condominiums 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.