Active

MLS: #PAPH2661168, Listed By: Nadia Bilynsky, Mallin Panchelli Nadel Realty Inc, Source:Bright MLS

4710 Locust Street

PHILADELPHIA, PA 19139
Mark as Favorite
Acres0.83

Acre(Lot)

We are pleased to present the exclusive sale of 237 S. 48th Street & 4710 Locust Street, the former site of Admiral Court & Dorset Court - a two-building apartment community that formerly contained 104 units. The site is now proposed (based on preliminary by-right review) for a ±160-unit multifamily redevelopment involving adaptive reuse of the original Dorset Court building. Buyer is responsible for obtaining zoning permits and building plans, and for confirming allowable density and massing. Following the demolition of the original Admiral Court building due to fire damage, and the partial renovation of the ±48,000 Sq Ft Dorset Court building, the property presents a rare redevelopment opportunity on approximately 36,000 square feet of combined land area. The site is zoned RM-1 (Multif amily Residential), offering a strong foundation for a high-density residential project in one of Philadelphia’s most supply-constrained rental markets. The property is located in the Walnut Hill neighborhood of University City, one of the region’s strongest residential submarkets, driven by the continued expansion of Penn Medicine, Children’s Hospital of Philadelphia (CHOP), the University of Pennsylvania, Drexel University, and numerous life sciences, research, and technology employers. The location offers excellent connectivity via SEPTA’s Market-Frankford Line, multiple trolley routes, and major thoroughfares including I-76, providing convenient access to Center City and the broader Philadelphia region. The City of Philadelphia offers a 10-year property tax abatement for residential new construction (Ordinance 961) and renovations (Ordinance 1456-A). The property is located in a census tract identified as potentially eligible under proposed Opportunity Zone successor legislation (‘QOZ 2.0’). Additionally, the property falls within Philadelphia’s Mixed Income Neighborhood (MIN) Overlay, making it particularly well-suited for affordable and workforce housing development. Opportunities to acquire nearly an acre of multifamily-zoned land in University City are exceptionally scarce. 237 S. 48th Street & 4710 Locust Street represent a compelling opportunity for developers seeking to capitalize on one of Philadelphia’s most dynamic and resilient rental markets.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $6,000,000

AD Id : 89691372

MLS Id : PAPH2661168

Lot Size : 0.83 Acre(Lot)

County : PHILADELPHIA

Subdivision: University City

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Lot Dimensions: 262.68x150 Lot Size Acres: 0.83 Lot Size Source: Estimated Lot Size Square Feet: 35947

    Property Information

    Subdivision: UNIVERSITY CITY Source Property Type: Land Postal Code Plus 4: 4416

  • Listing Price Information

    Listing Price: $6000000

  • Tax Information

    Parcel Number: 881143805 Tax Lot: 4-27 Tax Year: 2027 Annual Tax: $71390

  • Location Information

    Direction: N/A WaterSource: Other
Sell a home like this and save $359,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4601 Parrish Street, Philadelphia, PA, 19139 $40,000 -- -- -- 0.01 Acre(Lot)
27 S Fallon Street, Philadelphia, PA, 19139 $100,000 -- -- -- 0.02 Acre(Lot)
4801 Fairmount Avenue, Philadelphia, PA, 19139 $59,900 -- -- -- 0.03 Acre(Lot)
4848 Olive Street, Philadelphia, PA, 19139 $30,000 -- -- -- 0.02 Acre(Lot)
4904 Fairmount Avenue, Philadelphia, PA, 19139 $45,000 -- -- -- 0.02 Acre(Lot)
4925 Olive Street, Philadelphia, PA, 19139 $21,900 -- -- -- 0.02 Acre(Lot)
50 N Saint Bernard Street, Philadelphia, PA, 19139 $65,000 -- -- -- 0.03 Acre(Lot)
4900 Reno Street, Philadelphia, PA, 19139 $189,000 -- -- -- 0.12 Acre(Lot)
19 N 50th Street, Philadelphia, PA, 19139 $64,900 -- -- -- 0.06 Acre(Lot)
419 N 50th Street, Philadelphia, PA, 19139 $49,900 -- -- -- 0.02 Acre(Lot)

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 08/19/2026 @ 15:38

MLS: PAPH2661168 LISTED BY: Nadia Bilynsky, Mallin Panchelli Nadel Realty Inc 215-413-4900 SOURCE: Bright MLS

Homes around $6,000,000

Selling? Save $359,501 when you sell a home like this

Tour with a ByOwner Agent