Market Insights  /  Fairhill
Development Watch · Fairhill

2721 N 13th StCleared to build

4-unit residential new construction, zoned RM1.

A 4-unit residential building is set to rise at 2721 N 13th St in Fairhill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 15, 2026.

The 1,568 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 2025 for $250K. The plans call for for the new construction of three (3) story vb construction type with rear decks at 2nd and 3rd fl., roof deck and roof deck access structure for the use of multi-family (4 units) dwellings- r2 occupancy. building to be fully sprinklered per nfpa 13r. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within the building facade in accordance with section 3306 of the 2018 ibc. separate permiits to be obtained for all other work. .

The owner of record is 12th St Development 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, 3 other major projects have broken ground since 2022 — roughly 63 units of new supply — including the 28-unit project at 3120 N Park Ave, the 16-unit project at 715 W Cumberland St, the 19-unit project at 1108 W Dauphin 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
1,568 sq ft
Last sale
$250K · 2025
Cleared to build
Jul 15, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 163 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.

~149buildable units
████████ Street
CMX3 · 0.21 mi away
Max bid to a builder $2.3M · Opportunity Score 95
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~118buildable units
████████ Street
CMX3 · 0.18 mi away
Max bid to a builder $1.9M · Opportunity Score 93
Unlock →
~99buildable units
████████ Street
CMX2 · 0.20 mi away
Max bid to a builder $1.5M · Opportunity Score 91
Unlock →
~92buildable units
████████ Street
CMX2.5 · 0.29 mi away
Max bid to a builder $1.5M · Opportunity Score 91
Unlock →
~87buildable units
████████ Street
CMX3 · 0.19 mi away
Max bid to a builder $1.3M · Opportunity Score 90
Unlock →
Unlock the 163 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.

28u3120 N Park Ave0.44 mi
16u715 W Cumberland St0.48 mi
19u1108 W Dauphin St0.49 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.