Market Insights  /  Overbrook
Development Watch · Overbrook

431 N Daggett StUnder construction

6-unit residential new construction, zoned RM1.

A 6-unit residential building is set to rise at 431 N Daggett St in Overbrook, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 20, 2025.

The 2,775 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 2024 for $65K. The plans call for new construction of a three (3) story building with basement and mezzanines for use as six (6) dwelling units as per approved plans. building to be fully sprinklered. work to include underpinning to be monitored at all times by a pa licensed pe. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 12/1/25 amend new construction permit cp-2025-001685 to change dprc-si and special inspections agency and change foundation detail as per approved plans. .

The owner of record is Bsd Development 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 70 units of new supply — including the 55-unit project at 6441 Lansdowne Ave, the 15-unit project at 115 N 63rd 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)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
6
Zoning
RM1
By-right envelope
~3 stories
Lot
2,775 sq ft
Last sale
$65K · 2024
Cleared to build
Jun 20, 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 86 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.

~110buildable units
████████ Street
RM1 · 0.23 mi away
Max bid to a builder $1.6M · Opportunity Score 95
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~142buildable units
████████ Street
CMX2 · 0.26 mi away
Max bid to a builder $2.2M · Opportunity Score 94
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~100buildable units
████████ Street
CMX2 · 0.23 mi away
Max bid to a builder $1.7M · Opportunity Score 91
Unlock →
~63buildable units
████████ Street
RM1 · 0.18 mi away
Max bid to a builder $951K · Opportunity Score 91
Unlock →
~64buildable units
████████ Street
CMX2 · 0.30 mi away
Max bid to a builder $1.0M · Opportunity Score 86
Unlock →
Unlock the 86 nearby opportunities →
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.

55u6441 Lansdowne Ave0.35 mi
15u115 N 63rd St0.43 mi
Progress

How this project is moving

Life-safety systems ~78% 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.