Market Insights  /  University City & Powelton
Development Watch · University City & Powelton

3932-36 Mount Vernon StDelivered

14-unit residential new construction, zoned RSA5.

A four-story, 14-unit building has been delivered at 3932-36 Mount Vernon Street, adding another modest infill project to University City's steady march of multifamily construction. The structure rises on a 3,026-square-foot lot, with the scope including full sprinkler coverage, standpipes, and monitored underpinning work throughout construction. An amendment later approved changes to emergency escape openings and rear window wells, tweaks that suggest a developer threading the needle between density and code compliance on a tight footprint.

The project occupies RSA5-zoned land in a corridor that continues to attract by-right residential development, and Sila Homes LLC—the owner of record since 2024—moved quickly from acquisition to cleared-to-build status within weeks. The company is adding to a neighborhood pattern of lean, vertical fills: nearby projects include a 10-unit building at 644-46 North 40th, a 12-unit at 3900 Aspen, and a nine-unit at 675 North 41st, among others. Altogether, nearly 250 units have either recently delivered or are in the pipeline within a half-mile, a testament to University City's pull for developers seeking straightforward multifamily plays near anchor institutions.

What stands out is less the individual project than the cumulative rhythm. Sila Homes and its peers are filling in the seams of a neighborhood where zoning permits meaningful density and land assembly remains achievable at modest scale. The playbook is consistent: four stories, double-digit units, no variance fights. For owners sitting on underutilized RSA5 parcels nearby, the calculus is increasingly clear—these sites are trading and converting at a clip that suggests the window for legacy uses is closing fast.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
14
Zoning
RSA5
By-right envelope
~4 stories
Lot
3,026 sq ft
Last sale
$400K · 2024
Cleared to build
Feb 6, 2024
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 74 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.

~283buildable units
████████ Street
CMX4 · 0.49 mi away
Max bid to a builder $4.4M · Opportunity Score 97
Unlock →
~283buildable units
████████ Street
CMX4 · 0.49 mi away
Max bid to a builder $4.4M · Opportunity Score 97
Unlock →
~283buildable units
████████ Street
CMX4 · 0.49 mi away
Max bid to a builder $4.6M · Opportunity Score 97
Unlock →
~283buildable units
████████ Street
CMX4 · 0.49 mi away
Max bid to a builder $4.4M · Opportunity Score 97
Unlock →
~145buildable units
████████ Street
RM1 · 0.38 mi away
Max bid to a builder $2.1M · Opportunity Score 96
Unlock →
Unlock the 74 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.

10u644-46 N 40th St0.14 mi
8u657 N Preston St0.15 mi
12u3900 Aspen St0.20 mi
9u675 N 41st St0.27 mi
12u748 N 40th St0.28 mi
62u3620 Haverford Ave0.29 mi
16u3618 Wallace St0.30 mi
16u3618 Wallace St0.30 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.