Mixed-Use Income
For Sale
$749,000
Pending
2557 Amber Street, Philadelphia, PA 19125
Three-story mixed-use building with renovated commercial space and two leased loft-style apartments.
Property Size3,609 SF
Days on Market181
Property Features for 2557 Amber Street
General Information
Standard status
Pending
Size
3,609 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,798
Amenities
commercial kitchen
ADA-compliant entrance ramp
in-unit laundry
central air
No
32"+ wide Doors, Ramp - Main Level, Entry Slope <1'
https://my.matterport.com/models/HXY9Up2zY7k
No Pool
Building Details
Year Built
1875
Year Renovated
2019
Stories
3
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Marc A. Hammarberg · License #AB067991
(215) 790-5501
Source:
Compass
Added: Mar 11
Changed: Aug 8
Last Checked: Jul 24 at 1:11PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
2557 Amber Street is a mixed-use, multi-story income property featuring first-floor commercial space and two full-floor loft-style apartments on the 2nd and 3rd levels. The first-floor commercial facade and space were fully renovated in 2019, including commercial windows and doors, new water and electrical service, an ADA-compliant entrance ramp, a customer bathroom, and new HVAC, kitchen, and retail-area improvements. Casa Borinqueña Restaurant operates in the space under a NNN lease that extends through 2030, with a tenant option to renew through 2035. The lease includes 3% yearly increases.
The second and third floors each include hardwood floors, in-unit laundry, central air, modern kitchens and baths, and large windows. Both residential units are currently leased through September 2026 (Unit 2) and December 2026 (Unit 3).
The building is described as having a large 28’ x 75’ footprint and is identified with CMX2 mixed-use zoning in the listing remarks.
The second and third floors each include hardwood floors, in-unit laundry, central air, modern kitchens and baths, and large windows. Both residential units are currently leased through September 2026 (Unit 2) and December 2026 (Unit 3).
The building is described as having a large 28’ x 75’ footprint and is identified with CMX2 mixed-use zoning in the listing remarks.
Key Highlights
- Mixed‑use CMX2‑zoned building on Amber Street with first‑floor commercial space plus two full‑floor loft‑style apartments (2nd and 3rd).
- 2019 renovation: commercial facade and first‑floor space updated with new commercial windows/doors, new water and electrical service, ADA‑compliant entry ramp, and customer bathroom.
- Newer systems and finishes include new HVAC and a new kitchen and retail area in the renovated commercial space.
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
$61,587
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
8.22%
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%
$1,231,740
$1.2M
Cap Rate 7%
$879,814
$879.8K
Cap Rate 9%
$684,300
$684.3K
Market Conditions
NOI Build-Up for 3,609 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
$93.1K $25.80/SF
− Vacancy
−$5.1K −$1.42/SF
EGI
$88.0K $24.38/SF
− OpEx
−$26.4K −$7.31/SF
NOI
$61.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,231,740
Cap Rate 7%
$879,814
Cap Rate 9%
$684,300
Alternative Uses
Best Use
Multifamily LT 5
$879.8K
$769.8K – $1.03M
NOI $61,587 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$811.0K
$709.6K – $946.1K
NOI $56,768 @ 7.0% cap · market cap 7.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,527
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-story mixed-use building with renovated commercial space and two leased loft-style apartments.
Where is this duplex located?
The property is located at 2557 Amber Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Mixed‑use CMX2‑zoned building on Amber Street with first‑floor commercial space plus two full‑floor loft‑style apartments (2nd and 3rd).; 2019 renovation: commercial facade and first‑floor space updated with new commercial windows/doors, new water and electrical service, ADA‑compliant entry ramp, and customer bathroom.; Newer systems and finishes include new HVAC and a new kitchen and retail area in the renovated commercial space.
