Market Insights  /  Nicetown & Tioga
Development Watch · Nicetown & Tioga

1903 W Erie AveCleared to build

10-unit residential new construction, zoned RM1.

A four-story, ten-unit residential building is cleared to build at 1903 W Erie Avenue in Nicetown–Tioga, adding to a modest but steady wave of infill development along this stretch of the neighborhood. The project will rise on a 3,379-square-foot lot under RM1 zoning, which allows multifamily by right, and will include full sprinkler and standpipe systems. Erie Street Associates LLC, which acquired the site earlier this year, is behind the development.

The building joins at least 51 units currently in the pipeline within a half mile, including a 30-unit project on Pulaski Avenue, a 12-unit effort on Venango Street, and a nine-unit development on North 23rd Street. The clustering suggests patient capital is finding undervalued sites in Nicetown that pencil at moderate density, particularly along wider arterials like Erie where vacant and underbuilt parcels remain common. The zoning here accommodates this scale without variance fights, which likely helped Erie Street Associates move quickly from acquisition to approval.

What's notable is the cumulative effect: fifty-plus units across a handful of parcels represents real neighborhood-level absorption in a market that hasn't historically drawn speculative multifamily interest. If these projects deliver and stabilize, adjacent landowners sitting on similar-sized parcels may begin to see serious offers. The RM1 corridor along Erie Avenue, in particular, has enough depth and width to accommodate additional four-story walk-ups without running into zoning friction, and the precedent set by this cohort makes the next round easier to finance and faster to approve.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
10
Zoning
RM1
By-right envelope
~4 stories
Lot
3,379 sq ft
Last sale
$90K · 2025
Cleared to build
Jul 10, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 84 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.

~369buildable units
████████ Street
ICMX · 0.37 mi away
Max bid to a builder $6.3M · Opportunity Score 98
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~192buildable units
████████ Street
CMX2 · 0.21 mi away
Max bid to a builder $3.2M · Opportunity Score 96
Unlock →
~252buildable units
████████ Street
ICMX · 0.29 mi away
Max bid to a builder $4.3M · Opportunity Score 96
Unlock →
~164buildable units
████████ Street
CMX2.5 · 0.47 mi away
Max bid to a builder $2.6M · Opportunity Score 95
Unlock →
~184buildable units
████████ Street
CMX4 · 0.47 mi away
Max bid to a builder $3.0M · Opportunity Score 94
Unlock →
Unlock the 84 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.

30u3725-37 Pulaski Ave0.23 mi
12u2209 W Venango St0.31 mi
9u3513 N 23rd St0.38 mi
Progress

How this project is moving

In permitting ~18% 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.