4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 1147 W Erie Ave in Nicetown & Tioga, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 7, 2025.
The 1,377 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 $50K. The plans call for for the erection of a three (3) story attached structure as per approved plans. for use as four (4) dwelling units. structure to be fully sprinklered in accordance with nfpa 13r minimum. **separate permits required for mep and fire suppression work.** **2018 ibc**.
The owner of record is L&M Homes 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, 1 other major projects have broken ground since 2022 — roughly 30 units of new supply — including the 30-unit project at 3725-37 Pulaski 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 149 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 149 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.