Market Insights  /  Brewerytown & Sharswood
Development Watch · Brewerytown & Sharswood

1528 N 24th StDelivered

21-unit residential new construction, zoned RM1.

A 21-unit, three-story residential building at 1528 N 24th Street in Brewerytown has been delivered, wrapping up one of the larger affordable-housing plays on a nearly 39,000-square-foot parcel that changed hands in 2023. Developed by the Philadelphia Housing Authority, the semi-detached structure was cleared to build in mid-2023 and now stands complete with full NFPA 13R fire suppression—a signal that PHA is leaning into multifamily scale on land it controls, rather than scattering smaller walk-ups across the neighborhood.

The site sits in RM1 zoning, which permits this density by right, and the lot's generous footprint allowed for a layout that stacks 21 units across three floors without requiring variances or relief. PHA's ownership and quick turnaround from acquisition to delivery suggests a pipeline of shovel-ready parcels in Brewerytown, where public land assembly has quietly positioned the authority to fill in gaps left by speculative developers who've moved on to tighter submarkets.

The building joins a steady build-out along the N 25th Street corridor, where at least four projects totaling more than 60 units—including a 14-unit building at 1515 N 25th and a pair of 16-unit structures at 1503 and 1525 N Stillman—have landed within a half-mile radius. All told, the immediate area now accounts for nearly 200 units of recent or active construction, most of it multifamily rental stock targeting moderate-income renters in a neighborhood still adjusting to its post-industrial identity.

With PHA holding scattered parcels throughout Brewerytown and neighboring Sharswood, this delivery hints at a repeatable formula: acquire underused land, build to zoning maximums, and deliver workforce housing without the friction of zoning fights or neighborhood opposition. Expect similar land-banked lots to move into production as PHA works through its inventory, especially on blocks where lot consolidation has already happened and infrastructure is in place.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
21
Zoning
RM1
By-right envelope
~3 stories
Lot
38,923 sq ft
Last sale
2023
Cleared to build
Jun 23, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 2 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.

~20buildable units
████████ Street
CMX2.5 · 0.48 mi away
Max bid to a builder $877K · Opportunity Score 59
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~10buildable units
████████ Street
CMX2 · 0.48 mi away
Max bid to a builder $356K · Opportunity Score 37
Unlock →
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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.

14u1515 N 25th St0.02 mi
15u1503 N 25th St0.05 mi
16u1503 N 25th St0.05 mi
16u1525 N Stillman St0.07 mi
8u2401 Stewart St0.10 mi
16u2408 Stewart St0.12 mi
27u2625 Jefferson St0.20 mi
8u2400 W Montgomery Ave0.21 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.