Market Insights  /  Nicetown & Tioga
Development Watch · Nicetown & Tioga

2209 W Venango StDelivered

12-unit residential new construction, zoned RM1.

A three-story, 12-unit apartment building has been delivered at 2209 W Venango Street in Nicetown–Tioga, filling a modest 5,625-square-foot lot with attached residential construction. The structure includes a cellar and a roof deck with a small access structure, and plans were amended mid-stream to adjust basement depth, building height, and accessible-route details. Cleared to build in early 2022, the project moved quickly from approvals to completion under ownership of 2209 W Venango Holdings LLC, which acquired the site the same year.

The RM1 zoning here allows by-right multifamily of this scale without the need for variances, making the development a straightforward play on a corner or mid-block parcel that might otherwise have sat vacant or underused. At 12 units across three stories, the building lands in that middle ground between scattered-site infill and larger-scale apartment blocks—dense enough to pencil but still fitting the grain of the surrounding streets.

This delivery adds to a modest but real uptick in nearby multifamily construction: a nine-unit building at 3513 N 23rd Street and a ten-unit project at 1903 W Erie Avenue bring the tally within a half-mile to roughly 19 new units. It's hardly a development boom, but the activity suggests that small-scale investors see opportunity in Nicetown's RM1 corridors, where land costs remain workable and zoning permits straightforward infill without the friction of community review or zoning relief.

For developers eyeing similar parcels in the neighborhood, 2209 W Venango offers a useful template: mid-sized lots, by-right zoning, and a construction type that keeps costs in check while delivering a dozen units per site. As long as acquisition prices stay reasonable and rents hold, expect more of these modest stick-built multifamily buildings to fill in the gaps along Nicetown's residential corridors.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
12
Zoning
RM1
By-right envelope
~3 stories
Lot
5,625 sq ft
Last sale
2022
Cleared to build
Mar 2, 2022
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 58 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.

~201buildable units
████████ Street
CMX3 · 0.38 mi away
Max bid to a builder $3.0M · Opportunity Score 96
Unlock →
~194buildable units
████████ Street
CMX3 · 0.44 mi away
Max bid to a builder $3.2M · Opportunity Score 96
Unlock →
~192buildable units
████████ Street
CMX2 · 0.37 mi away
Max bid to a builder $3.2M · Opportunity Score 96
Unlock →
~177buildable units
████████ Street
ICMX · 0.09 mi away
Max bid to a builder $2.9M · Opportunity Score 94
Unlock →
~111buildable units
████████ Street
CMX3 · 0.48 mi away
Max bid to a builder $1.8M · Opportunity Score 93
Unlock →
Unlock the 58 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.

9u3513 N 23rd St0.10 mi
10u1903 W Erie Ave0.31 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.