6-unit residential new construction, zoned RM1.
A 6-unit residential building is set to rise at 2406 N 2nd St in Fairhill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 28, 2021.
The 1,200 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2020 for $90K. The plans call for for the erection of an attached, three story structure of type vb construction with a cellar and roof decks with roof access structures as per plans. for six (6) dwelling units. .
The owner of record is 2406 N 2nd Street LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 432 units of new supply — including the 15-unit project at 2449 N 2nd St, the 28-unit project at 2406 Mascher St, the 64-unit project at 300 W Huntingdon St. That kind of concentration is exactly what pulls land values, and buyer attention, toward a block.
We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 155 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 155 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.