Market Insights  /  Germantown
Development Watch · Germantown

5904 Germantown AveDelivered

28-unit residential new construction, zoned CMX2.

A 28-unit residential building is set to rise at 5904 Germantown Ave in Germantown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 10, 2021.

The 12,593 sq ft site is zoned CMX2, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of a five (5) story attached structure of type iii-b construction with fire-retardant-treated wood framing & sheathing, a horizontal exit located at the 2nd floor, green roof, and roof deck. for use as personal services (group b) and twenty-eight (28) dwelling units (group r-2) to include three (3) type a accessible units. building to be fully sprinklered per nfpa 13. standpipes to be installed in interior exit stairway enclosures. all work to be done per approved 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**.

The owner of record is 5904 Germantown Ave. 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, 3 other major projects have broken ground since 2022 — roughly 110 units of new supply — including the 32-unit project at 184 E Chelten Ave, the 33-unit project at 26-34 Church Ln, the 45-unit project at 6225-27 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)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
28
Zoning
CMX2
By-right envelope
~5 stories
Lot
12,593 sq ft
Last sale
2020
Cleared to build
Aug 10, 2021
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 59 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.

~277buildable units
████████ Street
CMX2.5 · 0.42 mi away
Max bid to a builder $4.2M · Opportunity Score 98
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~275buildable units
████████ Street
CMX2.5 · 0.14 mi away
Max bid to a builder $4.3M · Opportunity Score 98
Unlock →
~205buildable units
████████ Street
CMX2 · 0.38 mi away
Max bid to a builder $3.3M · Opportunity Score 96
Unlock →
~163buildable units
████████ Street
CMX2.5 · 0.35 mi away
Max bid to a builder $2.6M · Opportunity Score 95
Unlock →
~135buildable units
████████ Street
CMX2.5 · 0.40 mi away
Max bid to a builder $2.2M · Opportunity Score 94
Unlock →
Unlock the 59 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.

32u184 E Chelten Ave0.28 mi
33u26-34 Church Ln0.38 mi
45u6225-27 Germantown Ave0.41 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.