8-unit residential new construction, zoned RM1.
A 8-unit residential building is set to rise at 2431-33 N 7th St in Fairhill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 27, 2021.
The 4,000 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 2020 for $135K. The plans call for original: for the erection of a three (3) story attached wood-framed structure of type vb construction with basement, roof deck, and roof deck access structures for use as eight (8) dwelling units (group r-2 use & occupancy classification). building to be fully sprinklered with a minimum of a nfpa 13r automatic sprinkler system. all work to be done per plans and in accordance with 2018 ibc. separate permits required for mechanical, electrical, plumbing, and fire suppression work. protection of pedestrians, public right-of-way, and adjacent properties required at all times. **includes underpinning.** [amendment approved 7/21/2022 as per amended plans for a reduction in below-grade depth of the structure to match existing foundation depths on adjacent properties and for changes to floor elevations without a change to previously approved structure height. underpinning no longer included in scope of work. if site conditions vary, contact design engineer prior to start of work.].
The owner of record is Gd Ludlow 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, 10 other major projects have broken ground since 2022 — roughly 197 units of new supply — including the 16-unit project at 715 W Cumberland St, the 9-unit project at 2300-10 Germantown Ave, the 9-unit project at 2300-10 Germantown Ave. 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 194 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 194 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.