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

3338 N 16th StCleared to build

6-unit residential new construction, zoned RSA3.

A 6-unit residential building is set to rise at 3338 N 16th St in Nicetown & Tioga, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 17, 2026.

The 2,690 sq ft site is zoned RSA3, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2023. The plans call for for the erection of a three (3) story attached structure as per approved plans. for use as six (6) dwelling units. structure to be fully sprinklered in accordance with nfpa 13r minimum. **separate permits required for mep and fire suppression work.** **2018 ibc**.

The owner of record is 3338 N 16th 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, 6 other major projects have broken ground since 2022 — roughly 178 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 ~3-story by-right envelope, not the developer's design.
Units
6
Zoning
RSA3
By-right envelope
~3 stories
Lot
2,690 sq ft
Last sale
2023
Cleared to build
Aug 17, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 99 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.

~184buildable units
████████ Street
CMX4 · 0.49 mi away
Max bid to a builder $3.0M · Opportunity Score 94
Unlock →
~80buildable units
████████ Street
CMX3 · 0.35 mi away
Max bid to a builder $1.3M · Opportunity Score 89
Unlock →
~70buildable units
████████ Street
CMX3 · 0.35 mi away
Max bid to a builder $1.1M · Opportunity Score 87
Unlock →
~48buildable units
████████ Street
RM1 · 0.42 mi away
Max bid to a builder $814K · Opportunity Score 87
Unlock →
~60buildable units
████████ Street
CMX2 · 0.47 mi away
Max bid to a builder $839K · Opportunity Score 85
Unlock →
Unlock the 99 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 St0.10 mi
27u3216 N 16th St0.13 mi
40u1510 W Allegheny Ave0.22 mi
28u3120 N Park Ave0.34 mi
30u3725-37 Pulaski Ave0.42 mi
10u1903 W Erie Ave0.45 mi
Progress

How this project is moving

In permitting ~18% 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.