4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 3014 Diamond St in Brewerytown & Sharswood, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 21, 2026.
The 1,440 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 2026 for $59K. The plans call for for the erection of an attached three (3) story structure of type v-b construction with cellar for use as a four (4) family dwelling (group r-2). building to be fully sprinklered per nfpa 13r. all work to be done per approved plans and in accordance with 2018 ibc. separate permits required for mechanical, electrical, plumbing, fire suppression, and excavation work.
The owner of record is Philly Auctions 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, 2 other major projects have broken ground since 2022 — roughly 61 units of new supply — including the 46-unit project at 2800 Diamond St, the 15-unit project at 2111-13 N 33rd 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 18 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 18 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.