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Amber on Amber 2026 Amber St 9 Unit Apartment Building $1,600,000 ($177,778/Unit) 7.50% Cap Rate Philadelphia, PA 19125
Investment Highlights
- Boutique Multifamily Asset: Nine-Unit Apartment Community With Stable Occupancy and Immediate In-Place Cash Flow
- Prime Fishtown Location: Located in One of Philadelphia's Most Desirable and Supply-Constrained Rental Submarkets
- Access to Public Transportation: Convenient to the Market-Frankford Line, Interstate 95, Northern Liberties, and Center City Philadelphia
- Mark-to-Market Opportunity: 5% Rental Upside As Is
- In The Heart of It All: Steps from Frankford Avenue's Popular Restaurants, Retail, Coffee Shops, and Entertainment Venues
Executive Summary
2026 Amber is a boutique multifamily apartment community located in the heart of Philadelphia's Fishtown neighborhood. Fishtown is one of Philadelphia's most desirable residential submarkets, known for its strong rental demand, walkability, vibrant retail corridor, and continued residential and commercial investment.
2026 Amber consists of nine apartments featuring an efficient unit mix of 100% one-bedroom apartments. The Property offers an average unit size of ~634 square feet, appealing to a broad renter demographic seeking convenient access to Fishtown’s neighborhood amenities and access to Center City Philadelphia. The Property is currently 100% occupied with average in-place rents of approximately $1,434 per month.
Based on the current rent roll and pro forma, the Property offers meaningful upside through mark-to-market rent increases. Current ownership has identified projected rents of ~$1,506 per month, representing an opportunity for new ownership to increase net operating income as leases turn over. The Property also benefits from utility reimbursements and ancillary income streams such as pet fees, trash reimbursements, etc., that further support cash flow growth.
Residents benefit from immediate access to Frankford Avenue's collection of restaurants, coffee shops, boutiques, and entertainment venues, and convenient access to SEPTA's Elevated Market-Frankford Line, Interstate 95, Northern Liberties, Old City, and Center City Philadelphia. The neighborhood continues to attract both residents and businesses, supporting long-term rental demand and continued growth throughout the submarket.
2026 Amber presents investors with the opportunity to acquire a stabilized multifamily asset in one of Philadelphia's strongest rental markets. The combination of strong in-place occupancy, rental upside through mark-to-market increases, and Fishtown's continued growth makes the Property a compelling investment opportunity.
2026 Amber consists of nine apartments featuring an efficient unit mix of 100% one-bedroom apartments. The Property offers an average unit size of ~634 square feet, appealing to a broad renter demographic seeking convenient access to Fishtown’s neighborhood amenities and access to Center City Philadelphia. The Property is currently 100% occupied with average in-place rents of approximately $1,434 per month.
Based on the current rent roll and pro forma, the Property offers meaningful upside through mark-to-market rent increases. Current ownership has identified projected rents of ~$1,506 per month, representing an opportunity for new ownership to increase net operating income as leases turn over. The Property also benefits from utility reimbursements and ancillary income streams such as pet fees, trash reimbursements, etc., that further support cash flow growth.
Residents benefit from immediate access to Frankford Avenue's collection of restaurants, coffee shops, boutiques, and entertainment venues, and convenient access to SEPTA's Elevated Market-Frankford Line, Interstate 95, Northern Liberties, Old City, and Center City Philadelphia. The neighborhood continues to attract both residents and businesses, supporting long-term rental demand and continued growth throughout the submarket.
2026 Amber presents investors with the opportunity to acquire a stabilized multifamily asset in one of Philadelphia's strongest rental markets. The combination of strong in-place occupancy, rental upside through mark-to-market increases, and Fishtown's continued growth makes the Property a compelling investment opportunity.
Property Facts
| Price | $1,600,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $177,778 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.50% | Building Size | 6,476 SF |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RSA-5 | ||
| Price | $1,600,000 |
| Price Per Unit | $177,778 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 6,476 SF |
| No. Stories | 4 |
| Year Built | 2017 |
| Opportunity Zone |
Yes |
| Zoning | RSA-5 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 881006624 | Improvements Assessment | $1,236,780 |
| Land Assessment | $137,420 | Total Assessment | $1,374,200 |
Property Taxes
Parcel Number
881006624
Land Assessment
$137,420
Improvements Assessment
$1,236,780
Total Assessment
$1,374,200
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