4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 917 N 48th St in Wynnefield, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 13, 2026.
The 1,872 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 $105K. The plans call for for the construction of an attached structure with cellar and roof deck accessed from roof deck access structure. for use as multi-family (4 unit) household living. as per approved plans. ***********************separate permits for anyother work. **************************************************** .
The owner of record is 917 N 48th 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, 6 other major projects have broken ground since 2022 — roughly 153 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 111 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 111 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.