Market Insights  /  Mount Airy
Development Watch · Mount Airy

435 E Upsal StUnder construction

5-unit residential new construction, zoned RM1.

A 5-unit residential building is set to rise at 435 E Upsal St in Mount Airy, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 10, 2024.

The 2,323 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The plans call for new construction of a three (3) story building with private roof decks (building 'd') for use as a five (5) family dwelling as per approved plans. building to be fully sprinklered. *2018 ibc review* **separate permits required for mep & fire suppression work**.

The owner of record is Boksor Louis. 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, 1 other major projects have broken ground since 2022 — roughly 67 units of new supply — including the 67-unit project at 6327 Musgrave 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
5
Zoning
RM1
By-right envelope
~3 stories
Lot
2,323 sq ft
Cleared to build
Jun 10, 2024
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 22 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.

~65buildable units
████████ Street
RM2 · 0.45 mi away
Max bid to a builder $602K · Opportunity Score 98
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~195buildable units
████████ Street
CMX2 · 0.40 mi away
Max bid to a builder $3.1M · Opportunity Score 96
Unlock →
~73buildable units
████████ Street
ICMX · 0.33 mi away
Max bid to a builder $1.1M · Opportunity Score 83
Unlock →
~72buildable units
████████ Street
ICMX · 0.35 mi away
Max bid to a builder $1.1M · Opportunity Score 83
Unlock →
~53buildable units
████████ Street
CMX2 · 0.44 mi away
Max bid to a builder $733K · Opportunity Score 82
Unlock →
Unlock the 22 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.

67u6327 Musgrave St0.47 mi
Progress

How this project is moving

Life-safety systems ~78% 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.