Market Insights  /  University City & Powelton
Development Watch · University City & Powelton

4224-26 Baltimore AveDelivered

132-unit residential new construction, zoned RM1.

The six-story, 132-unit building at 4224–26 Baltimore Avenue has been delivered, marking one of the larger residential additions to the western edge of University City in recent years. The project spans just over an acre and includes 60 parking spaces, 50 bike slots, ground-floor commercial shells awaiting tenants, and a rooftop deck. The structure is divided by a fire wall into two halves—east and west—both fully sprinklered, with a mix of Type IA and Type 3A construction above a basement parking level.

Clarkmore Residential LLC acquired the site in 2021, two years after the building was cleared to begin construction under RM1 zoning, which allows this kind of mid-rise multifamily development by right. The lot's size—more than 46,000 square feet—gave the developer room to work with a substantive program that includes leasing offices, tenant amenities, and loading and mechanical space, all while reserving street-level commercial frontage along Baltimore Avenue for future fit-outs.

This project is part of a broader pattern of infill along the Baltimore corridor, where nearby parcels have seen smaller-scale additions like the 20-unit building at 222 South 45th Street and the 12-unit development at 4245 Sansom Street. With 32 units delivered within a half-mile radius, the area remains undersupplied relative to student and young-professional demand, and Clarkmore's project suggests that larger assemblages—especially those west of 45th Street—can pencil at meaningful scale.

The delivery of 132 units on a single mid-block site will likely prompt fresh scrutiny of adjacent low-rise commercial strips and surface lots, particularly as RM1 zoning continues to support taller, denser projects without the need for variances or council involvement. The inclusion of vacant retail bays also reflects developer caution about pre-leasing ground-floor space in a corridor still working to define its post-pandemic commercial identity.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~6-story by-right envelope, not the developer's design.
Units
132
Zoning
RM1
By-right envelope
~6 stories
Lot
46,401 sq ft
Last sale
2021
Cleared to build
May 7, 2019
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 30 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.

~238buildable units
████████ Street
CMX2 · 0.42 mi away
Max bid to a builder $3.7M · Opportunity Score 97
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~220buildable units
████████ Street
ICMX · 0.46 mi away
Max bid to a builder $3.5M · Opportunity Score 95
Unlock →
~85buildable units
████████ Street
CMX2 · 0.49 mi away
Max bid to a builder $1.4M · Opportunity Score 90
Unlock →
~57buildable units
████████ Street
RM1 · 0.41 mi away
Max bid to a builder $779K · Opportunity Score 89
Unlock →
~68buildable units
████████ Street
CMX2 · 0.35 mi away
Max bid to a builder $1.1M · Opportunity Score 87
Unlock →
Unlock the 30 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.

20u222 S 45th St0.40 mi
12u4245 Sansom St0.44 mi
Progress

How this project is moving

Cleared for occupancy ~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.