Market Insights  /  Nicetown & Tioga
Development Watch · Nicetown & Tioga

3230 N 15th StUnder construction

4-unit residential new construction, zoned RSA5.

A 4-unit residential building is set to rise at 3230 N 15th St in Nicetown & Tioga, the kind of by-right infill quietly reshaping the block. It was cleared to build in Apr 4, 2026.

The 1,331 sq ft site is zoned RSA5, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2021 for $52K. The plans call for for the erection of an attached structure with a roof deck and pilot house. structure for use as four (4) dwelling units. sprinklered throughout per nfpa 13. 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. .

The owner of record is 3230 N 15th Street 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, 4 other major projects have broken ground since 2022 — roughly 138 units of new supply — including the 43-unit project at 3249 N 16th St, the 27-unit project at 3216 N 16th St, the 40-unit project at 1510 W Allegheny 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)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
4
Zoning
RSA5
By-right envelope
~4 stories
Lot
1,331 sq ft
Last sale
$52K · 2021
Cleared to build
Apr 4, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 112 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.

~98buildable units
████████ Street
CMX2 · 0.47 mi away
Max bid to a builder $1.5M · Opportunity Score 91
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~87buildable units
████████ Street
CMX3 · 0.43 mi away
Max bid to a builder $1.3M · Opportunity Score 90
Unlock →
~80buildable units
████████ Street
CMX3 · 0.21 mi away
Max bid to a builder $1.3M · Opportunity Score 89
Unlock →
~74buildable units
████████ Street
CMX2 · 0.44 mi away
Max bid to a builder $1.2M · Opportunity Score 88
Unlock →
~50buildable units
████████ Street
RM1 · 0.46 mi away
Max bid to a builder $684K · Opportunity Score 88
Unlock →
Unlock the 112 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

43u3249 N 16th St0.06 mi
27u3216 N 16th St0.10 mi
40u1510 W Allegheny Ave0.11 mi
28u3120 N Park Ave0.20 mi
Progress

How this project is moving

Life-safety systems ~78% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.