Market Insights  /  West Philadelphia
Development Watch · West Philadelphia

6216 Ludlow StCleared to build

4-unit residential new construction, zoned RM1.

A 4-unit residential building is set to rise at 6216 Ludlow St in West Philadelphia, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 24, 2022.

The 1,485 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 $200K. The plans call for for new construction of a two-story wood-frame attached structure on reinforced concrete footings/foundations with a roof deck. for use as multi-family household living for four(4) dwelling throughout. building shall be fully sprinklered 13. separate permits required for all mechanical, electrical, plumbing, and fire suppression systems. **protection of right-of-way / pedestrians / adjacent properties required during all construction.**energy code compliance in accordance with 2018 iecc.** amended as of 7/31/2024 as per amended plans** .

The owner of record is 3 South Route 73 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 15 units of new supply — including 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
4
Zoning
RM1
By-right envelope
~3 stories
Lot
1,485 sq ft
Last sale
$200K · 2024
Cleared to build
Aug 24, 2022
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 75 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.

~142buildable units
████████ Street
CMX2 · 0.43 mi away
Max bid to a builder $2.2M · Opportunity Score 94
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~64buildable units
████████ Street
CMX2 · 0.38 mi away
Max bid to a builder $1.0M · Opportunity Score 86
Unlock →
~58buildable units
████████ Street
CMX2 · 0.42 mi away
Max bid to a builder $891K · Opportunity Score 84
Unlock →
~47buildable units
████████ Street
CMX2 · 0.04 mi away
Max bid to a builder $792K · Opportunity Score 80
Unlock →
~46buildable units
████████ Street
CMX3 · 0.33 mi away
Max bid to a builder $730K · Opportunity Score 79
Unlock →
Unlock the 75 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.

15u115 N 63rd St0.23 mi
Progress

How this project is moving

In permitting ⚠ Status unclear — no recent activity
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.