16-unit residential new construction, zoned CMX2.
A four-story, 16-unit residential building with ground-floor commercial space has delivered at 2456 Frankford Avenue in Fishtown, adding another mid-sized multifamily project to the Avenue's ongoing transformation. The structure, cleared to build in May 2023 and developed by Martha Frankford LLC, rises from a roughly 5,240-square-foot lot in a CMX2 zone that permits this density by right. The building's 16 apartments occupy the basement through fourth floor, while a single vacant storefront on the first level awaits a separate tenant fit-out—a setup that mirrors the mixed-use formula increasingly common along Frankford Avenue's commercial spine.
The scope involved underpinning work and a semi-detached design, with six Class 1A bicycle parking spaces on an accessible route and full NFPA 13 sprinkler coverage. The CMX2 zoning here allows for straightforward multifamily development without requiring variances, making parcels like this attractive to smaller developers willing to navigate Fishtown's steady but measured construction pipeline. The project underwent amendments to address partition details, structural tweaks, and revised egress wells—typical refinements for a project of this scale threading the needle between older rowhouse neighbors and new construction.
This delivery slots into a broader wave of mid-size residential development within a half-mile radius, where roughly 515 units have either delivered or are underway across projects like the 108-unit complex at 2000-20 E Hagert Street, a 60-unit building at 2221 N Front Street, and a 22-unit project at 2406 Frankford Avenue. The concentration suggests continued developer confidence in Fishtown's rental demand, even as the neighborhood'sAvenue frontage fills in incrementally rather than in large sweeps. Martha Frankford LLC's approach—moderate unit counts, mixed-use ground floors, by-right zoning—reflects a repeatable playbook for similar-sized lots along the corridor.
The completion of 2456 Frankford reinforces the appetite for as-of-right multifamily plays on underutilized commercial parcels in the neighborhood, particularly those large enough to accommodate elevator buildings but small enough to avoid the financing and approval complexities of larger projects. With CMX2 zoning prevalent along Frankford Avenue and comparable lots still scattered between larger developments, this project offers a template for what additional infill might look like as the Avenue continues to densify without losing its human-scale rhythm.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 85 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 85 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.