Market Insights  /  Fishtown
Development Watch · Fishtown

1941 N Marshall StDelivered

9-unit residential new construction, zoned RM1.

A four-story, nine-unit building has wrapped at 1941 N Marshall Street in Fishtown, cleared to build in mid-2024 and now delivered by Prestige Design On Marshall LLC. The structure spans a 2,666-square-foot lot in RM1 zoning, rising as Type V-A construction with a full sprinkler system and two Type B accessible units. It's a tidy infill play, the kind of by-right project that fits comfortably within the neighborhood's zoning envelope without triggering variances or community backlash.

Prestige Design On Marshall picked up the site in 2024, moving quickly from acquisition to completion. The project reflects a recurring template in Fishtown—mid-rise multifamily on narrow parcels, usually investor-owned, usually marketed to renters priced out of newer stock closer to Frankford Avenue. The developer's LLC naming convention suggests this may not be a one-off, though Marshall Street itself remains a quieter residential stretch compared to the commercial corridors a few blocks west.

The building lands in the middle of a significant development wave, with roughly 466 units either delivered or in the pipeline within a half-mile radius. Nearby projects include the 89-unit building at 1832 Germantown Avenue, an 18-unit development at 439-45 W Berks Street, and the 33-unit project at 300 W Norris Street. Marshall Street itself has been slower to densify compared to those arterials, but this delivery shows that side streets are no longer off-limits for small-scale multifamily.

What this signals is straightforward: any remaining underused parcels in RM1-zoned Fishtown—particularly those within walking distance of transit and commercial amenities—are fair game for similar projects. The zoning allows it, the financing supports it, and the absorption appears strong enough to keep the pipeline moving. Expect more four-story, sub-10-unit buildings to fill in the gaps where single-family rowhouses once stood alone.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
9
Zoning
RM1
By-right envelope
~4 stories
Lot
2,666 sq ft
Last sale
$480K · 2024
Cleared to build
Jul 23, 2024
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 126 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.

~338buildable units
████████ Street
ICMX · 0.49 mi away
Max bid to a builder $7.1M · Opportunity Score 98
Unlock →
~190buildable units
████████ Street
ICMX · 0.22 mi away
Max bid to a builder $4.0M · Opportunity Score 94
Unlock →
~122buildable units
████████ Street
IRMX · 0.45 mi away
Max bid to a builder $2.5M · Opportunity Score 93
Unlock →
~140buildable units
████████ Street
ICMX · 0.34 mi away
Max bid to a builder $2.8M · Opportunity Score 92
Unlock →
~105buildable units
████████ Street
IRMX · 0.29 mi away
Max bid to a builder $2.2M · Opportunity Score 92
Unlock →
Unlock the 126 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.

89u1832 Germantown Ave0.13 mi
8u2059 Germantown Ave0.15 mi
18u439-45 W Berks St0.16 mi
8u1850 N Leithgow St0.22 mi
33u300 W Norris St0.28 mi
9u914-18 W Susquehanna Ave0.33 mi
35u2132-38 N 10th St0.36 mi
200u1635 N 5th St0.36 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.