4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 2008 Mascher St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 24, 2023.
The 1,759 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 2022 for $400K. The plans call for for the erection of a three (3) story attached stucture of type v-b construction with basement, roof deck, and roof deck access structure for use as four (4) dwelling units (group r-2 use & occupancy classification). building to be fully sprinklered per nfpa 13. all work to be done per approved plans and in accordance with 2018 ibc. separate permits required for mechanical, electrical, plumbing, fire suppression, and excavation work. **prior to issuance of a certificate of occupancy, a deed must be recorded for the creation of the egress alley easement from the rear yard to the public right-of-way to comply with 2018 ibc section 1030.1.**.
The owner of record is Mascher St 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, 12 other major projects have broken ground since 2022 — roughly 558 units of new supply — including the 13-unit project at 1935 N 2nd St, the 21-unit project at 1931 N 2nd St, the 40-unit project at 2034 N 2nd 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)As this density arrives, InvestPHL is tracking 140 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.
Unlock the 140 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.