4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 925 N 47th St in Wynnefield, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 16, 2024.
The 1,600 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 2022 for $35K. The plans call for for the erection of an attached structure. structure for use as four (4) dwelling units. sprinklered through per nfpa 13r. separate permits required for plumbing, mechanical, electrical and fire suppression. a covered walkway or sidewalk closure shall be required in accordance with section 3306 of the ibc. separate building and/or streets department permits are required. **amendment 8/4/2025 to document the correct slope for grading.**.
The owner of record is Nnn Oasi 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 105 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 105 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.