4710 Locust St, Philadelphia, PA 19139
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
4710 Locust St,Philadelphia, PA 19139
$6,000,000
- 0.83 Acres
- Lots / Land
- Active
Listed by: nadia t bilynsky, samantha lee miller
Office: mallin panchelli nadel realty inc
MLS#:PAPH2661168
Source:BRIGHTMLS
Price summary
- Price:$6,000,000
About this home
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 (Multifamily 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....
Contact an agent
Home facts
- Subdivision & Development:UNIVERSITY CITY
- Listing ID #:PAPH2661168
- Added:49 day(s) ago
- Updated:October 07, 2026 at 01:59 PM
Structure and exterior
- Lot area:0.83 Acres
Finances and disclosures
- Price:$6,000,000
- Tax amount:$71,390 (2027)
New listings near 4710 Locust St
- Coming Soon
$449,000Coming Soon4 beds 4 baths1,800 sq. ft.14001 Faraday St, PHILADELPHIA, PA 19116
MLS# PAPH2678422Listed by: PHILADELPHIA AREA REALTY - Coming SoonOpen Sun, 1 to 3pm
$275,000Coming Soon4 beds 2 baths1,488 sq. ft.8408 Lyons Pl, PHILADELPHIA, PA 19153
MLS# PAPH2674670Listed by: EXP REALTY, LLC - Coming Soon
$575,000Coming Soon4 beds 3 baths2,084 sq. ft.1111 Warwick St, PHILADELPHIA, PA 19116
MLS# PAPH2677380Listed by: KELLER WILLIAMS REAL ESTATE-LANGHORNE - Coming SoonOpen Sun, 1 to 3pm
$455,000Coming Soon4 beds 3 baths2,310 sq. ft.1116 Hower Ln, PHILADELPHIA, PA 19115
MLS# PAPH2678268Listed by: RE/MAX REGENCY REALTY - Coming Soon
$289,900Coming Soon1 beds 1 baths623 sq. ft.1501-00 N 31st St #311, PHILADELPHIA, PA 19121
MLS# PAPH2677906Listed by: REALTY MARK ASSOCIATES - Coming Soon
$650,000Coming Soon2 beds 2 baths1,497 sq. ft.1711 Fitzwater St #a, PHILADELPHIA, PA 19146
MLS# PAPH2678156Listed by: BHHS FOX & ROACH-HAVERFORD - Coming SoonOpen Sun, 10am to 12pm
$499,000Coming Soon2 beds 2 baths1,074 sq. ft.1929 Pemberton St, PHILADELPHIA, PA 19146
MLS# PAPH2617318Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$409,900Coming Soon4 beds -- baths1,694 sq. ft.129 S 63rd St, PHILADELPHIA, PA 19139
MLS# PAPH2667562Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$254,900Coming Soon3 beds 1 baths1,430 sq. ft.3329 Glenview St, PHILADELPHIA, PA 19149
MLS# PAPH2678098Listed by: KELLER WILLIAMS MAIN LINE - Coming Soon
$248,000Coming Soon2 beds 1 baths894 sq. ft.3045 Livingston St, PHILADELPHIA, PA 19134
MLS# PAPH2678154Listed by: KELLER WILLIAMS - MAIN STREET