Market Insights  /  Roxborough
Development Watch · Roxborough

7037 Ridge AveDelivered

15-unit residential new construction, zoned RM1.

A 15-unit building has wrapped at 7037 Ridge Avenue in Roxborough, delivering three stories of residential density on a 12,156-square-foot lot. The structure was cleared to build in mid-2023 and went through a layout amendment early this year before finishing construction. At three stories, it lands comfortably within the RM1 zoning envelope, which allows multifamily by right without special appeals or variance theatrics.

The ownership traces to the Templin Donna Papiro Trust, which acquired the property in 2023—a fast turnaround from purchase to completion that suggests either a shovel-ready plan or a well-oiled development operation. The scope called for full NFPA 13 sprinklers and separate MEP and fire suppression permits, standard stuff for a building of this size under the 2018 IBC. The February amendment covered structural tweaks, insulation upgrades, door changes, and other minor adjustments that don't typically signal major design pivots.

This project lands in a stretch of Ridge Avenue seeing steady multifamily activity, with roughly 95 units delivered or in the works within a half mile. Nearby, an 80-unit building at 6808 Ridge and a 15-unit project at 6712 Ridge have reshaped the corridor's density profile. The pattern is consistent: mid-sized multifamily on parcels large enough to pencil but not so large they scare off local capital.

The completion here underscores the appeal of RM1-zoned sites along Ridge Avenue for developers comfortable working at this scale. With construction costs still elevated, 15-unit buildings offer a manageable risk profile while tapping into Roxborough's commuter demand. Other underused lots in the corridor with similar zoning and street frontage are likely drawing fresh pencils now that comps like this one are delivering tenants.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
15
Zoning
RM1
By-right envelope
~3 stories
Lot
12,156 sq ft
Last sale
2023
Cleared to build
Jun 6, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 14 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.

~109buildable units
████████ Street
RM1 · 0.10 mi away
Max bid to a builder $1.7M · Opportunity Score 95
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~99buildable units
████████ Street
CMX2 · 0.31 mi away
Max bid to a builder $1.4M · Opportunity Score 91
Unlock →
~44buildable units
████████ Street
RM1 · 0.01 mi away
Max bid to a builder $674K · Opportunity Score 85
Unlock →
~41buildable units
████████ Street
RM1 · 0.05 mi away
Max bid to a builder $553K · Opportunity Score 84
Unlock →
~39buildable units
████████ Street
CMX2 · 0.23 mi away
Max bid to a builder $601K · Opportunity Score 75
Unlock →
Unlock the 14 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.

80u6808 Ridge Ave0.20 mi
15u6712 Ridge Ave0.38 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.