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)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.
Unlock the 58 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.