4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 923 N 47th St in Wynnefield, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 11, 2025.
The 1,800 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2021 for $100K. The plans call for for the erection of an attached three (3) story building of type va construction with a roof deck and roof deck access structure for the use of r2 occupancy (4 dwelling units). all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within the building facade in accordance with section 3306 of the 2018 ibc**. .
The owner of record is 923 N 47th St 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, 7 other major projects have broken ground since 2022 — roughly 161 units of new supply — including the 9-unit project at 4408 Lancaster Ave, the 10-unit project at 893 Belmont Ave, the 31-unit project at 4324 Lancaster Ave. 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 104 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 104 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.