Market Insights  /  Fairhill
Development Watch · Fairhill

121 W Cumberland StDelivered

11-unit residential new construction, zoned RM1.

A 11-unit residential building is set to rise at 121 W Cumberland St in Fairhill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 27, 2019.

The 4,968 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 2019 for $380K. The plans call for for the erection of a three story structure with roof decks and roof deck access structures.for use as multi-family household living (eleven (11) dwelling units).building to be fully sprinklerd. separate permits required for m.e.p.s work.

The owner of record is Cumberland Street Holding.

It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 447 units of new supply — including the 18-unit project at 2520 N Front St, the 28-unit project at 2406 Mascher St, the 15-unit project at 2449 N 2nd 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?

Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
11
Zoning
RM1
By-right envelope
~3 stories
Lot
4,968 sq ft
Last sale
$380K · 2019
Cleared to build
Aug 27, 2019
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 108 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.

~131buildable units
████████ Street
ICMX · 0.42 mi away
Max bid to a builder $5.6M · Opportunity Score 99
Unlock →
~259buildable units
████████ Street
ICMX · 0.45 mi away
Max bid to a builder $11M · Opportunity Score 99
Unlock →
~240buildable units
████████ Street
ICMX · 0.34 mi away
Max bid to a builder $10M · Opportunity Score 99
Unlock →
~69buildable units
████████ Street
CMX3 · 0.15 mi away
Max bid to a builder $2.9M · Opportunity Score 98
Unlock →
~316buildable units
████████ Street
ICMX · 0.45 mi away
Max bid to a builder $5.0M · Opportunity Score 97
Unlock →
Unlock the 108 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.

18u2520 N Front St0.04 mi
28u2406 Mascher St0.12 mi
15u2449 N 2nd St0.16 mi
60u2221 N Front St0.29 mi
108u2000-20 E Hagert St0.29 mi
14u2214 N Front St0.30 mi
64u300 W Huntingdon St0.33 mi
31u2112 N Front St0.41 mi
Progress

How this project is moving

Cleared for occupancy ⚠ Status unclear — no recent activity
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.