9-Unit Apartment
For Sale
Contact for pricing
2026 Amber Street, Philadelphia, PA 19125
Multifamily property with a uniform one-bedroom unit mix and full occupancy.
Property Size6,476 SF
Price / SF$247.07
Days on Market63
Property Features for 2026 Amber Street
General Information
Standard status
Active
Size
6,476 SF
Class
B
Property subtype
Multifamily
Zoning
RSA-5
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
9 x 1BR
Multifamily Units
9
Additional Details
Average Monthly Rent
$1,434
Building Details
Year Built
2017
Buildings
1
Units
9
Listing Agency:
GREA
Listed By:
Christopher Farmer · License #RS331174
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 31 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GREA
Investment Insights
Based on property information with market context.
Constructed in 2017, this 6,476-square-foot apartment property contains nine residential units, all configured as one-bedroom apartments. The average apartment measures approximately 634 square feet, creating a consistent layout across the community. Occupancy is currently 100%, and the property is subject to RSA-5 zoning.
The building is located at 2026 Amber Street in Philadelphia’s Fishtown neighborhood. Residents have access to the restaurants, cafés, boutiques, and entertainment along Frankford Avenue, along with SEPTA’s Market-Frankford Line. Interstate 95 and the nearby neighborhoods of Northern Liberties, Old City, and Center City Philadelphia provide additional transportation and connectivity.
The property also generates utility reimbursements and ancillary revenue from items including pet fees and trash reimbursements.
The building is located at 2026 Amber Street in Philadelphia’s Fishtown neighborhood. Residents have access to the restaurants, cafés, boutiques, and entertainment along Frankford Avenue, along with SEPTA’s Market-Frankford Line. Interstate 95 and the nearby neighborhoods of Northern Liberties, Old City, and Center City Philadelphia provide additional transportation and connectivity.
The property also generates utility reimbursements and ancillary revenue from items including pet fees and trash reimbursements.
Key Highlights
- Nine apartments with a 100% one‑bedroom unit mix
- 6,476‑square‑foot apartment property constructed in 2017
- Average unit size of approximately 634 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,037,280
$2.0M
Cap Rate 7%
$1,455,200
$1.5M
Cap Rate 9%
$1,131,822
$1.1M
Market Conditions
NOI Build-Up for 6,476 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$196.6K $30.36/SF
− Vacancy
−$11.4K −$1.76/SF
EGI
$185.2K $28.60/SF
− OpEx
−$83.3K −$12.87/SF
NOI
$101.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,037,280
Cap Rate 7%
$1,455,200
Cap Rate 9%
$1,131,822
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.27M – $1.70M
NOI $101,864 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,512 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,911
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a uniform one-bedroom unit mix and full occupancy.
Where is this apartment building located?
The property is located at 2026 Amber Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Nine apartments with a 100% one‑bedroom unit mix; 6,476‑square‑foot apartment property constructed in 2017; Average unit size of approximately 634 square feet
