5-unit residential new construction, zoned RM1.
A 5-unit residential building is set to rise at 5165 Wakefield St in Germantown, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 19, 2026.
The 1,933 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2025. The plans call for for new construction of a three-story wood-frame semi-detached structure. for use as a multi-family householdlving for five(5) dwelling unts throughout. building shall be fully sprinklered per nfpa13. separate permits required for all mechanical, electrical, plumbing, and fire suppression systems. **protection of right-of-way / pedestrians / adjacent properties required during all construction.**energy code compliance in accordance with 2018 iecc. prior to issuance of c.o submittal of air barrier checklist and envelope testing certificate is required. both to be completed by an approved party.**.
The owner of record is Vpy Business Services 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 134 units of new supply — including the 15-unit project at 231 E Bringhurst St, the 40-unit project at 5230-32 Germantown Ave, the 46-unit project at 5322 Germantown 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 69 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 69 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.