Market Insights  /  Fishtown
Development Watch · Fishtown

1850 N Leithgow StUnder construction

8-unit residential new construction, zoned RM1.

An eight-unit, four-story building is under construction at 1850 N Leithgow Street in Fishtown, cleared to build as of late June. The project, owned by 1850 Leithgow LLC, which picked up the 3,667-square-foot site in 2023, will include roof decks, rooftop access structures, and surface parking. The scope calls for full NFPA 13 sprinklering, a detail that signals serious fire-safety infrastructure rather than the lighter residential-only systems sometimes seen in smaller walk-ups.

The site sits in RM1 zoning, which allows multifamily by right with the right lot dimensions, and the project threads that needle without fanfare. Four stories and eight units on a mid-block parcel of this size represents efficient, pencil-sharpening urbanism—nothing outsized, but hardly background infill either. The presence of dedicated parking suggests the developer is threading a needle between transit-oriented density and market expectations in a neighborhood still finding its post-industrial equilibrium.

This isn't a one-off. Within a half-mile, roughly 460 units are in various stages of planning or delivery, including the 200-unit complex at 1635 N 5th Street and the 89-unit tower at 1832 Germantown Avenue. Closer in, projects like the nine-unit building at 1941 N Marshall and the 18-unit structure on Berks round out a dense development wave that's remaking the area's northern and western edges. 1850 Leithgow sits squarely in that current, adding modest density without the splashier fanfare of the larger projects nearby.

The real signal here is how comfortably a modestly capitalized LLC can step into a mid-block lot and deliver incremental density in a neighborhood where assemblage and rezoning battles once dominated the conversation. If RM1 parcels like this continue to pencil at eight units apiece, expect other narrow Fishtown lots—particularly those still hosting single garages or low-slung commercial remnants—to follow the same script.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
8
Zoning
RM1
By-right envelope
~4 stories
Lot
3,667 sq ft
Last sale
2023
Cleared to build
Jun 27, 2025
For developers & investors

Underpriced parcels near this project

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.

~338buildable units
████████ Street
ICMX · 0.33 mi away
Max bid to a builder $7.1M · Opportunity Score 98
Unlock →
~239buildable units
████████ Street
CMX2.5 · 0.36 mi away
Max bid to a builder $4.6M · Opportunity Score 98
Unlock →
~190buildable units
████████ Street
ICMX · 0.18 mi away
Max bid to a builder $4.0M · Opportunity Score 94
Unlock →
~179buildable units
████████ Street
ICMX · 0.40 mi away
Max bid to a builder $3.4M · Opportunity Score 94
Unlock →
~122buildable units
████████ Street
IRMX · 0.34 mi away
Max bid to a builder $2.5M · Opportunity Score 93
Unlock →
Unlock the 140 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.

18u439-45 W Berks St0.06 mi
89u1832 Germantown Ave0.11 mi
33u300 W Norris St0.14 mi
285u1901 N American St0.20 mi
9u1941 N Marshall St0.22 mi
200u1635 N 5th St0.24 mi
13u1935 N 2nd St0.26 mi
21u1931 N 2nd St0.26 mi
Progress

How this project is moving

Structure ~60% 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.