4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 840 E Chelten Ave in East Germantown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Mar 25, 2026.
The 1,778 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 2022 for $37K. The plans call for for the erection of an attached three (3) story structure. for use as multi-family household living containing four (4) dwelling units. building is fully sprinklered in accordance with nfpa 13r throughout. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a barrier shall be required within eight (8) feet of the building facade in accordance with section 3306 of the 2018 ibc. separate building and/or streets department permit required prior to the start of any work.** separate permiits to be obtained for all other work.
The owner of record is Ram Phila Community 12 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, 3 other major projects have broken ground since 2022 — roughly 38 units of new supply — including the 9-unit project at 837 E Chelten Ave, the 20-unit project at 921-23 E Chelten Ave, the 9-unit project at 5522 Sprague St. 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 98 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 98 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.