Market Insights  /  Fairhill
Development Watch · Fairhill

2326-28 N 9th StDelivered

13-unit residential new construction, zoned RM1.

A new 13-unit residential building at 2326-28 N 9th Street in Fairhill has been completed, adding four stories of apartments to a 4,245-square-foot lot that sits within walking distance of Germantown Avenue. The project includes four interior parking spaces—one ADA-compliant—accessed from Arizona Street in the rear, along with six bike parking spaces on accessible routes. The building is fully sprinklered and includes standpipes in the exit stairways, with a partial cellar and a roof access structure for maintenance only.

Harmony Investment Group LLC, which acquired the property in 2021, cleared the way to build in late 2022 and delivered the project on a parcel zoned RM1, a by-right multifamily classification that allowed the density without variance. The lot's configuration and rear alley access gave the developer room to tuck parking out of sight while maintaining a streetwall along 9th Street, a straightforward play in a neighborhood where surface lots and underbuilt parcels still dominate.

The arrival of this building contributes to a modest but steady infill wave in Fairhill, where more than 130 units are either delivered or under construction within a half-mile radius. Nearby projects include a 19-unit building at 1108 W Dauphin Street, a 16-unit development at 715 W Cumberland Street, and a pair of nine-unit structures on Germantown Avenue and Susquehanna Avenue. The activity reflects growing confidence in the corridor, though absorption remains a question mark in a market where rents haven't yet caught up to construction costs in every pocket.

For owners sitting on adjacent underused parcels in Fairhill, Harmony's project offers a template: mid-rise, modest parking, by-right density, and a focus on delivering units rather than chasing amenity-driven returns. With RM1 zoning intact across much of the neighborhood, similar lots could support comparable projects without the friction of zoning appeals, assuming the math pencils on land cost and exit cap rates.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
13
Zoning
RM1
By-right envelope
~4 stories
Lot
4,245 sq ft
Last sale
$295K · 2021
Cleared to build
Dec 21, 2022
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 189 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.

~191buildable units
████████ Street
CMX2.5 · 0.45 mi away
Max bid to a builder $3.8M · Opportunity Score 96
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~149buildable units
████████ Street
CMX3 · 0.44 mi away
Max bid to a builder $2.3M · Opportunity Score 95
Unlock →
~92buildable units
████████ Street
CMX2.5 · 0.43 mi away
Max bid to a builder $1.5M · Opportunity Score 91
Unlock →
~79buildable units
████████ Street
CMX2.5 · 0.41 mi away
Max bid to a builder $1.1M · Opportunity Score 89
Unlock →
~78buildable units
████████ Street
CMX2 · 0.36 mi away
Max bid to a builder $1.2M · Opportunity Score 89
Unlock →
Unlock the 189 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.

9u2300-10 Germantown Ave0.13 mi
9u2300-10 Germantown Ave0.13 mi
9u914-18 W Susquehanna Ave0.18 mi
16u715 W Cumberland St0.20 mi
19u1108 W Dauphin St0.20 mi
35u2132-38 N 10th St0.22 mi
8u2059 Germantown Ave0.38 mi
17u2213-15 N Broad St0.44 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.