Market Insights  /  Fishtown & East Kensington
Development Watch · Fishtown & East Kensington

1828 Frankford AveDelivered

9-unit residential new construction, zoned CMX2.

A four-story, nine-unit building with ground-floor commercial space is now complete at 1828 Frankford Avenue, adding another modest multifamily frame to the ongoing residential build-out along this stretch of Fishtown's main commercial corridor. The project sits on a 3,239-square-foot lot and was cleared to build in late 2022, with several amendments adjusting the third-floor layout, adding a rear deck, incorporating accessible Type B units, and ultimately simplifying the ground-floor commercial configuration by removing interior stairs.

The site is zoned CMX2, which allows residential above commercial by right, a straightforward path that has made Frankford Avenue particularly appealing for small-scale developers looking to capture spillover demand from nearby blocks. The owner of record is simply listed as 1828 Frankford Ave, acquired in 2022, reflecting the kind of single-purpose entity common in these tight-margin projects where speed and simplicity matter more than brand recognition.

This building lands in the middle of a notable wave of infill development in the immediate area. Within a half-mile radius, roughly 360 units have either delivered or are in the pipeline, including a 55-unit project at 1713 N Front Street, a 40-unit building at 1716 Frankford Avenue, and a 32-unit development at 1924 N Front. That density of activity underscores the neighborhood's continued draw for developers chasing relatively affordable land and strong fundamentals—transit access, walkable retail, and a tenant base willing to trade square footage for location.

The completion of 1828 Frankford Avenue suggests that even as larger projects dominate the headlines, smaller players remain active and able to navigate the zoning and construction process on tight lots. For other underused parcels along this corridor—particularly older commercial buildings with shallow footprints—this project offers a template: low drama, by-right entitlements, and a scale that doesn't require heavy equity lifts or prolonged lease-up risk.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
9
Zoning
CMX2
By-right envelope
~4 stories
Lot
3,239 sq ft
Last sale
$805K · 2022
Cleared to build
Dec 2, 2022
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 111 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.

~101buildable units
████████ Street
CMX2 · 0.12 mi away
Max bid to a builder $4.4M · Opportunity Score 98
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~102buildable units
████████ Street
CMX2 · 0.47 mi away
Max bid to a builder $4.4M · Opportunity Score 98
Unlock →
~239buildable units
████████ Street
CMX2.5 · 0.32 mi away
Max bid to a builder $4.6M · Opportunity Score 98
Unlock →
~179buildable units
████████ Street
ICMX · 0.33 mi away
Max bid to a builder $3.4M · Opportunity Score 94
Unlock →
~140buildable units
████████ Street
ICMX · 0.45 mi away
Max bid to a builder $2.8M · Opportunity Score 92
Unlock →
Unlock the 111 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.

32u1924 N Front St0.16 mi
40u1716 Frankford Ave0.18 mi
55u1713 N Front St0.20 mi
9u1700 Frankford Ave0.22 mi
8u2034 N Front St0.25 mi
9u1751 Tilghman St0.28 mi
31u2112 N Front St0.32 mi
12u1733-41 N 2nd St0.32 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.