9-unit residential new construction, zoned RSA3.
A nine-unit residential building is cleared to build at 3513 N 23rd Street in Nicetown, adding a three-story presence to a block that's seen modest ownership turnover in recent years. The development will occupy a nearly 5,000-square-foot parcel, utilizing the RSA3 zoning that allows this sort of attached multi-family structure by right. The building will include full NFPA 13R sprinkler systems, reflecting the project's scale and code requirements for modern attached housing in this density band.
HHS Realty LLC picked up the site in 2018 and has taken its time pushing toward construction, a not-uncommon cadence for smaller operators working blocks that don't yet command the rent premiums of Fishtown or Point Breeze. The timeline aligns with patient land banking—holding through a few years of neighborhood flux before committing to vertical work. Nicetown parcels at this price point tend to pencil for steady, unglamorous rental income rather than quick condo flips, and a nine-unit project tracks with that arithmetic.
The surrounding half-mile includes at least 22 units in the pipeline, anchored by a 12-unit project on West Venango and a 10-unit building on West Erie Avenue. That's not an overwhelming wave, but it signals a slow accretion of density along corridors that have historically seen limited new construction. As more investors test these blocks with sub-dozen projects, expect similar RSA3 parcels—especially those in the 4,000- to 6,000-square-foot range—to draw second looks from developers who've exhausted easier opportunities closer to established transit nodes.
The project's scope is straightforward: attached construction, no parking variance drama, no zoning appeals. That simplicity is part of the appeal in neighborhoods where land assembly is fragmented and community pushback can stall flashier proposals. For Nicetown, this is the kind of incremental infill that gradually reshapes blocks without triggering the displacement anxieties that follow 50-unit towers. Whether it sparks follow-on activity depends largely on how the first wave of tenants performs and whether other landowners decide the time is right to monetize their holdings.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 51 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 51 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.